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    5180 Turnpike Feeder Rd Fort Pierce, FL 34951

    Sponsored
    For Sale
    $2,499,000

    Multi-Tenant Retail Investment, High Occupancy

    Property size:
    9,672 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multi-tenant retail property, located at 5180 Turnpike Feeder Road in Fort Pierce, Florida, presents a compelling investment opportunity. The 9,672 square foot plaza comprises three single-story buildings, constructed in 1981, and features a diverse mix of seven tenants across fifteen units, boasting a 95% occupancy rate. The property offers 42 parking spaces and sits on a strategically located site along Turnpike Feeder Road, providing excellent visibility and accessibility, with convenient access to I-95. Currently generating a Net Operating Income (NOI) of $107,124, this translates to an attractive 4.29% capitalization rate. The property is zoned for Neighborhood Commercial use. The asking price is $2,499,000, and the sale is structured to accommodate a 1031 exchange. Rents are currently experiencing a 3% annual increase, reflecting the strong growth in the Fort Pierce area. This owner-user investment presents a solid foundation for future growth, with potential for further rent increases and property improvements to enhance value. The property's location within a rapidly developing economic area, coupled with its high occupancy and strong NOI, makes it an ideal investment for long-term growth and potential appreciation. There is no ground lease associated with this property.

    Property Features for 5180 Turnpike Feeder Rd

    General Information

    Property type
    Retail properties
    Square Feet
    9,672 SF

    Building Details

    Year Built
    1981
    Buildings
    3
    Stories
    15
    Units
    15

    HighLights

    • 9,672 SF multi‑tenant retail plaza in Fort Pierce, FL.
    • Seven tenants across fifteen units with 95% occupancy.
    • Strong NOI of $107,124 and a 4.29% cap rate.
    • Asking price: $2,499,000, 1031 exchange available.
    • Located on Turnpike Feeder Road with excellent I‑95 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mi Tierra Latin ... Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -80.39236554594
    Latitude
    27.529590860402

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    FAQs

    What type of property is this?
    Retail property - Multi-Tenant Retail Investment, High Occupancy
    Where is this retail property located?
    The property is located at 5180 Turnpike Feeder Rd Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $2,499,000.
    What are key features of this property?
    This property features: 9,672 SF multi-tenant retail plaza in Fort Pierce, FL.; Seven tenants across fifteen units with 95% occupancy.; Strong NOI of $107,124 and a 4.29% cap rate.
    Request Owner's contact information
    5180 Turnpike Feeder Rd Fort Pierce, FL 34951
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    Realmo Value Estimation

    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.

    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.

    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
    5180 Turnpike Feeder Rd Fort Pierce, FL 34951
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