Gated Ranch Estate
For Sale
$1,290,000
3502 S Brocksmith Road, Fort Pierce, FL 34945
Land & Docks, Fort Pierce, FL
Property Size4,082 SF
Lot Size6.43 Acres
Price / SF$316.02
Days on Market311
Property Features for 3502 S Brocksmith Road
General Information
Property type
Land
Property subtype
Other
Zoning
AG-5Co
Vegetation
Grassed
Fencing
Fenced
Subdivision
TRES TESOROS SUBDIVISION
Lot features
Corner Lot, Cleared, Pasture, Gutter
Directions
Drive west on Orange Ave/CR 68. Left to South Kings Highway/FL 713. Right to FL 70/Okeechobee Road. Right to South Brocksmith Road. Property is on the right.
Standard status
Active
APN
232980000010009
Lot size
6.43 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
TRES TESOROS SUBDIVISION (PB 104-8) LOT 1
Tax Annual Amount
8941
Legal Description
TRES TESOROS SUBDIVISION (PB 104-8) LOT 1
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Water source
Well
Listing Agency:
Beycome of Florida LLC
(804) 656-5007
Listed By:
Steven T Koleno · License #3469487
(804) 656-5007
Added: Oct 22, 2025
Changed: Aug 19
Last Checked: Aug 28 at 5:06AM
MLS# R11134316
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.
Investment Insights
Based on property information with market context.
This property offers a ranch-style residence totaling 4,082 square feet, set on 6.43 acres. A private gated entrance leads to a serene setting described as being surrounded by open landscapes and peaceful views. Inside, the layout is open-concept, flowing through living, dining, and kitchen areas. The expansive kitchen includes a large custom island, and the home is described as featuring high-end finishes and thoughtful upgrades.
Located at 3502 S Brocksmith Road in Fort Pierce, Florida, the property is in St. Lucie County and is identified with zoning of AG-5Co. The information provided does not describe additional outbuildings or other site improvements.
Located at 3502 S Brocksmith Road in Fort Pierce, Florida, the property is in St. Lucie County and is identified with zoning of AG-5Co. The information provided does not describe additional outbuildings or other site improvements.
Key Highlights
- Spacious 4,082 sq ft ranch‑style home.
- Private gated entrance and serene setting.
- Open‑concept layout with spacious living areas.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,656
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,113,120
$1.1M
Cap Rate 7%
$795,086
$795.1K
Cap Rate 9%
$618,400
$618.4K
Market Conditions
NOI Build-Up for 4,082 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$106.3K $26.04/SF
− Vacancy
−$5.1K −$1.25/SF
EGI
$101.2K $24.79/SF
− OpEx
−$45.5K −$11.16/SF
NOI
$55.7K $13.63/SF
Area
St. Lucie County, FL
Vacancy
4.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,113,120
Cap Rate 7%
$795,086
Cap Rate 9%
$618,400
Alternative Uses
Best Use
Apartment 5plus
$795.1K
$695.7K – $927.6K
NOI $55,656 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$898.3K – $1.20M
NOI $71,860 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 34945, FL
5,831
Population
2,026
Households
2.9
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
217.4 sq mi
ZIP Area
27
Density / Sq Mi
$72,941
Median Household Income
$36,180
Median Earnings
$747
Median Rent
$285,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Ranch-style home on 6.43 acres with a private gated entrance and an open-concept interior.
Where is this single family property located?
The property is located at 3502 S Brocksmith Road Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Spacious 4,082 sq ft ranch‑style home.; Private gated entrance and serene setting.; Open‑concept layout with spacious living areas.
