Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    607 Palm Ave Fort Pierce, FL 34982

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $590,000

    Centrally located duplex, close to beaches and shopping.

    Lot size:
    0.33 Acres

    Property Features for 607 Palm Ave

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Jose Martinez
    Jose Martinez
    Source: Elliman

    Listing Agent: Jose Martinez

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

    Learn more

    Property Insight Report

    Overview

    Large Duplex Near Fort Pierce

    This large duplex is centrally located minutes from beaches and the growing Fort Pierce area. The property is also located near shopping and grocery stores, such as the new gateway plaza. Constructed with CBS, the duplex features accordion shutters all around. The roof and AC are approximately six years old. New showers are planned for 2025. There is ample space on the sides and rear of the property for parking vehicles, RVs, or boats. Both homes feature a sizable porch. This property is suitable for investors or for owner-occupancy with rental income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Realtor Jose Martinez Real Estate Agent

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -80.3284732
    Latitude
    27.4156167

    Nearby Similar for Sale

    • $1,950,000
      3,836 SF

      Renovated Multifamily Asset Near Ocean

      Fully renovated four-unit multifamily property near the Atlantic Ocean.
      741 Hernando St, Fort Pierce, FL 34949
      View Details
    • New
      $225,000
      0.06 Acres

      Turnkey RV Lot with Tiki

      Move-in-ready RV lot with premium tiki and lake views.
      450 NW Sandtrap Ln, Port St Lucie, FL 34986
      View Details
    • New
      $2,950,000
      0.64 Acres

      Remodeled Beach Home Business Opportunity

      Remodeled beach home licensed as bed & breakfast and event venue.
      3601 Highway A1A N, Fort Pierce, FL 34949
      View Details
    • $289,999
      1,692 SF

      Professional Office Space Near Downtown

      Well-maintained office space near downtown and the Indian River.
      212 S 7Th St, Fort Pierce, FL 34950
      View Details
    • $324,900
      0.06 Acres

      Luxury Motorcoach Lot with Tiki

      Oversized lot with lake views, tiki, and designer furnishings.
      444 NW Sandtrap Ln, Port St Lucie, FL 34986
      View Details
    • $125,000

      Profitable Jamaican Restaurant Opportunity

      Turn-key Jamaican restaurant for sale in Port St. Lucie.
      3453 SW Darwin Blvd, Port St Lucie, FL 34953
      View Details
    • $219,000
      0.08 Acres

      Port St Lucie Corner Lot

      Spacious corner lot with tiki hut and outdoor kitchen.
      437 NW Boundary Dr, Port St Lucie, FL 34986
      View Details
    • $269,000
      0.06 Acres

      Port St. Lucie Waterfall View Lot

      Exceptional lot with waterfall view, tiki, and included furnishings.
      274 NW Hazard Way, Port St Lucie, FL 34986
      View Details
    • $349,000
      0.08 Acres

      Entertainer's Paradise in Port St. Lucie

      Unique property designed for entertaining with chef's kitchen and outdoor living.
      413 NW Chipshot Ln, Port St Lucie, FL 34986
      View Details
    • $369,000
      0.08 Acres

      Resort-Style RV Lot with Views

      RV lot with golf course and lake views in Port St. Lucie.
      383 NW Boundary Dr, Port St Lucie, FL 34986
      View Details
    • New
      $339,000
      0.07 Acres

      Port St Lucie Land Parcel

      Spacious corner lot with golf course view and tiki hut.
      386 NW Boundary Dr, Port St Lucie, FL 34986
      View Details
    • New
      $1,750,000
      2,000 SF

      Modern Duplex Portfolio Investment Opportunity

      Portfolio of five newer-construction duplexes, offering stable cash flow potential.
      3531 S 7Th St S, Fort Pierce, FL 34982
      View Details

    FAQs

    What type of property is this?
    Duplex - Centrally located duplex, close to beaches and shopping.
    Where is this duplex located?
    The property is located at 607 Palm Ave Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: - Duplex offered at the price of a single-family home.; - Centrally located near beaches, shopping, and the new Gateway Plaza.; - CBS construction with accordion shutters for storm protection.
    (772) 672-9180
    Request Owner's contact information
    607 Palm Ave Fort Pierce, FL 34982
    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.
    607 Palm Ave
    Fort Pierce, FL 34982
    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
    607 Palm Ave Fort Pierce, FL 34982
    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

    We can help!
    Listing Contact
    Jose Martinez
    Jose Martinez
    (772) 672-9180
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.