Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Land For Sale Title is generated by Realmo AI

    3307 S US Hwy 1, Fort Pierce, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3.72 acres of general commercial land with US 1 frontage.

    Type:LAND
    Lot size:
    3.72 Acres
    Added:
    Jan 29, 2025
    Days on Market:
    470
    Last Refresh:
    Apr 5 at 10:55 pm

    Property Features for 3307 S US Hwy 1

    General Information

    Standard status
    Active
    Lot size
    3.72 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Ademil Castrillo
    Ademil Castrillo

    Listing agent Ademil Castrillo License #3491033

    Listing office Bray Companies

    Listing date Jan 29, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bray Companies

    HighLights

    • Prime 3.72 acres of General Commercial land
    • 150 Ft of US 1 frontage
    • Annexed to the City of Ft. Pierce
    • Site plan approval in process for a 25,000 SF warehouse
    • Over 1,000 Ft of Depth
    • Former Used Car lot

    Overview

    This property features 3.72 acres of general commercial land. Formerly a used car lot, the site offers 150 feet of frontage on US Highway 1 and a depth of over 1,000 feet. The land is annexed to the City of Fort Pierce. A site plan approval is in process for a 25,000 square foot warehouse on the front 2.65 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    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
    -80.3269
    Latitude
    27.4002

    Nearby Similar for Sale

    • $550,000
      4,805 SF

      Freestanding Office Space in Fort Pierce

      4,691 SF+/- freestanding office building suitable for diverse businesses.
      706 N 7th Street, Fort Pierce, FL
      View Details
    • $3,299,000
      14,224 SF

      Fort Pierce Industrial Property

      Equipped industrial property with office, warehouse, and shop space.
      16050 Orange Avenue, Fort Pierce, FL
      View Details
    • $415,000
      1,734 SF

      Move-in Ready Medical Office Condo

      1,734 SF medical office near Lawnwood Medical Center.
      1801 S 23rd Street, Fort Pierce, FL
      View Details
    • $699,000
      3,000 SF

      New Warehouse Near Airport

      New 3,000+/- SF warehouse near Treasure Coast Airport.
      2933 Harson Way, Fort Pierce, FL 34946
      View Details
    • $549,500

      Prime Commercial/Industrial Land Opportunity

      1.16-acre site ready for commercial or industrial development.
      3112 OLEANDER AVENUE, FORT PIERCE, FL 34982
      View Details
    • $485,000

      Prime Commercial Site Near US 1

      Riverview commercial land near US 1 and A-1-A Causeway.
      1988 N US HWY 1, FORT PIERCE, FL 34946
      View Details
    • $549,000

      Waterfront Development Site on Midway Road

      2.1-acre waterfront development site on the Midway Road corridor.
      2083 W MIDWAY ROAD, FORT PIERCE, FL 34981
      View Details
    • $445,000
      2,054 SF

      Income-Producing Corner Lot Duplex

      Half-acre commercial corner lot with duplex near US-1.
      424 N 6TH STREET, FORT PIERCE, FL 34950
      View Details
    • $995,000
      2,524 SF

      Renovated Duplex Near South Beach

      Income-generating duplex with potential for expansion or redevelopment.
      711 S Ocean Drive, Fort Pierce, FL 34949
      View Details
    • $740,000
      3,480 SF

      Income-Producing Duplex in Fort Pierce

      Income-producing duplex with industrial zoning and future potential.
      2856 Harson Way, Fort Pierce, FL 34946
      View Details
    • $345,000

      US1 Development Site in Fort Pierce

      High-visibility commercial land ideal for various business uses.
      3381 N OLD DIXIE HWY, FORT PIERCE, FL 34946
      View Details
    • $499,000
      2,596 SF

      Fort Pierce Triplex Investment Opportunity

      Turnkey triplex in Fort Pierce with renovated interiors.
      204 17th N Street, Fort Pierce, FL 34950
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.72 acres of general commercial land with US 1 frontage.
    Where is this commercial land located?
    The property is located at 3307 S US Hwy 1 Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Prime 3.72 acres of General Commercial land; **150 Ft of US 1 frontage**; Annexed to the City of Ft. Pierce
    (772) 201-6212 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ademil Castrillo
    Ademil Castrillo
    Real Estate License ID: 3491033
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3307 S US Hwy 1, Fort Pierce, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!