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    1750 S Kings Hwy, Fort Pierce, FL 34945

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    For Lease
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    5 to 34.07 acres with general commercial zoning.

    Type:Land
    Lot size:
    34.07 Acres
    Added:
    Jun 25, 2022
    Days on Market:
    1420
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 1750 S Kings Hwy

    General Information

    Standard status
    Active
    Lot size
    34.07 Acres
    Property subtype
    Land

    Spaces For Lease

    at 1750 S Kings Hwy Contact us

    $6,250 /Mo

    Size
    1,484,089 SF
    Type
    Land
    Contact us

    We can help!

    Listing Contact
    Ted Konigsberg
    Ted Konigsberg

    Listing agent Ted Konigsberg License #0657664

    Listing office Infinity Commercial Real Estate

    Listing date Jun 25, 2022

    Source Crexi

    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 Infinity Commercial Real Estate

    HighLights

    • Rare general commercial zoning offers versatile possibilities.
    • Utilities to site: electric, water, sewer, gas are available.
    • Paved and graded; ready to build or use for industrial outdoor storage.
    • Fast access to Florida Turnpike and I‑95.
    • Located in St. Lucie County, one of the fastest growing areas in the nation.
    • Flexible lease options: from 5 to 34.07 acres.

    Overview

    This property offers 5 to 34.07 acres of land available for lease, featuring rare general commercial zoning. It is also available for sale. The site is equipped with utilities, including electric, water, sewer, and gas, and is ready for building or industrial outdoor storage. The property fronts Kings Hwy and is located in St. Lucie County, one of the fastest-growing areas in the nation. It is situated between two major interchanges, providing fast access to the Florida Turnpike and I-95. Municipal utilities are provided by the City of Ft. Pierce. The site is graded and paved, and ready for immediate occupancy. Five paved acres are immediately available, with an additional 10 paved acres available on 30-day prior notice. The lease rate is $6,250 monthly per paved acre, or $75,000 annually ($1.72 per foot). Leasing options include 5 paved acres for $31,250 monthly ($375,000 annually), 10 paved acres for $62,500 monthly ($750,000 annually), or 15 paved acres or the entire site for $93,750.00 monthly ($1,125,000 annually). The entire site is available for $33,020 per acre annually or $0.76 per foot. There are many tenant incentives and incredible surrounding new developments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom

    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
    -80.3964295
    Latitude
    27.4337395

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    FAQs

    What type of property is this?
    Commercial land - 5 to 34.07 acres with general commercial zoning.
    Where is this commercial land located?
    The property is located at 1750 S Kings Hwy Fort Pierce, FL.
    What is the lease rate?
    The lease rate is $75,000.
    What are key features of this property?
    This property features: Rare general commercial zoning offers versatile possibilities.; Utilities to site: electric, water, sewer, gas are available.; Paved and graded; ready to build or use for industrial outdoor storage.
    (305) 947-9514 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ted Konigsberg
    Ted Konigsberg
    Real Estate License ID: 0657664
    Learn More
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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.

    More about this property
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