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    Fort Pierce Industrial Land Available Title is generated by Realmo AI

    2600 Kings Highway, Fort Pierce, FL 34982

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    Claim this Listing
    For Sale
    $9,900,000

    COMMERCIAL - Fort Pierce, FL

    Lot size:
    33.00 Acres
    Added:
    Aug 30, 2022
    Days on Market:
    1374
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 2600 Kings Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    AG-1Co
    Vegetation
    Grassed
    Fencing
    Fenced
    Standard status
    Active
    APN
    133622100000004
    Lot size
    33.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    36 34 39 NW 1/4 OF NW 1/4-LESS W74 FT FOR R/WS AND LESS N 50 FT FOR RD AND LESS FROM NW COR OF SEC RUN ELY ALG N SEC LI
    Tax Annual Amount
    955

    We can help!

    Listing Contact
    Hoyt C Murphy Jr.
    Hoyt C Murphy Jr.

    Listing agent Hoyt C Murphy Jr. License #186988

    Listing office Coldwell Banker Paradise 411 US-1, Fort Pierce, FL

    Listing date Aug 30, 2022

    MLS# R10828273 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 1,500 feet of frontage on Kings Hwy and St Lucie Blvd in an area of rapid industrial growth.
    • Kings Hwy undergoing a $100 million+ road widening project.
    • St Lucie Blvd is planned to be extended to I‑95 and Florida Turnpike.
    • Several million square feet of industrial projects are under construction or being planned for the Kings Highway corridor.
    • Mostly cleared 33 +/- acre property.
    • Located near new Thermo King, Kelly Tractor, and a huge Auto Vault property.

    Overview

    This property consists of 33 +/- acres and features over 1,500 feet of frontage on Kings Highway and St. Lucie Boulevard. Located in an area of rapid industrial growth, the site is mostly cleared. Kings Highway is currently undergoing a road widening project valued at over $100 million. There are several million square feet of industrial projects under construction or being planned for the Kings Highway corridor. A large Auto Vault property is under construction two properties to the East. St. Lucie Boulevard is planned to be extended to I-95 and the Florida Turnpike in the future. New Thermo King and Kelly Tractor locations are also on Kings Highway. A joint driveway easement for the northeast corner of the property at St. Lucie Boulevard is in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Building Supply Auto Repair Shop Nail Salon Big Box & Wholesale Store Department Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.396952
    Latitude
    27.482792

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    FAQs

    What type of property is this?
    Industrial land - 33+/- acres in area of rapid industrial growth.
    Where is this industrial land located?
    The property is located at 2600 Kings Highway Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $9,900,000.
    What are key features of this property?
    This property features: Over 1,500 feet of frontage on Kings Hwy and St Lucie Blvd in an area of rapid industrial growth.; Kings Hwy undergoing a $100 million+ road widening project.; St Lucie Blvd is planned to be extended to I‑95 and Florida Turnpike.
    (772) 971-7424
    We can help!
    Listing Contact
    Hoyt C Murphy Jr.
    Hoyt C Murphy Jr.
    Real Estate License ID: 186988
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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