For Sale
$650,000
950 REVELS Lane, Fort Pierce, FL 34982
The residential property was built in 1978.
Property Size2,714 SF
Days on Market9
Property Features for 950 REVELS Lane
General Information
Standard status
Active
Size
2,714 SF
Property subtype
Triplex
Additional Details
Gross Income
$180,000
Taxes and HOA fees
Annual Taxes
$8,285
Building Details
Building Size
2,714 SF
Year Built
1978
Listing Agency:
Atlantic Shores ERA Powered
Listed By:
Jason M Coley · License #3146240
(772) 201-5229
Source:
Meyerlucas
Added: Oct 12
Changed: Oct 20
Last Checked: Oct 19 at 4:43PM
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 Atlantic Shores ERA Powered
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Investment Insights
Based on property information with market context.
This residential triplex was built in 1978 and is located at 950 Revels Lane in Fort Pierce, Florida.
Key Highlights
- Built in 1978
- Located at 950 Revels Lane, Fort Pierce, FL 34982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,856
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,120
$797.1K
Cap Rate 7%
$569,371
$569.4K
Cap Rate 9%
$442,844
$442.8K
Market Conditions
NOI Build-Up for 2,714 SF
Gross rent
$60.3K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$56.9K $20.98/SF
− OpEx
−$17.1K −$6.29/SF
NOI
$39.9K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,120
Cap Rate 7%
$569,371
Cap Rate 9%
$442,844
Alternative Uses
Best Use
Multifamily LT 5
$569.4K
$498.2K – $664.3K
NOI $39,856 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$528.6K
$462.6K – $616.7K
NOI $37,004 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$682.5K
$597.2K – $796.3K
NOI $47,777 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
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Business Placement
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The residential property was built in 1978.
Where is this triplex located?
The property is located at 950 REVELS Lane Fort Pierce, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Built in 1978; Located at 950 Revels Lane, Fort Pierce, FL 34982
