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    4850 Us Highway 1 Fort Pierce, FL 34982
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    4850 Us Highway 1 Fort Pierce, FL 34982

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    • Land
    • 4.75 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4850 Us Highway 1

    Lot size
    4.75 lot acres
    Property type
    Land

    Description

    This exceptional 4.75-acre commercial land parcel in Fort Pierce, Florida, presents a turnkey opportunity for immediate development. Located at 4850 S US Hwy 1, the property boasts 332 feet of frontage along the heavily trafficked US Highway 1, providing unparalleled visibility and accessibility from both US Hwy 1 and Midway Road. The site is zoned CG and features an approved site plan for a self-storage facility comprising four flex buildings, totaling 48,000 square feet. This strategic location within St Lucie County (APN 3403-502-0031-000-3) is surrounded by a thriving mix of established national and local retailers, ensuring high traffic and strong commercial appeal. The asking price for this ready-to-build site is $1,900,000. This represents a significant investment opportunity in a high-demand market with exceptional potential for substantial returns. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area. The property's strategic location and approved site plan minimize development hurdles, allowing for a swift and efficient project launch. This is an ideal opportunity for investors seeking a high-return, low-risk venture in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St Lucie
    State
    Florida
    Longitude
    -80.3258
    Latitude
    27.3768

    Comparable in this City

    • Value Estimation by Request
      0.76 Acres

      395 Midway Rd

      Land • 0.76 Acres
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      5.44 Acres

      Tbd Oleander Ave

      Land • 5.44 Acres
      0 Tbd Oleander Ave, Fort Pierce, FL 34982
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      0.61 Acres

      1109 Midway Rd

      Land • 0.61 Acres
      1109 Midway Rd, Fort Pierce, FL 34982
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      6.77 Acres

      3238 Us Highway 1

      Land • 6.77 Acres
      3238 Us Highway 1, Fort Pierce, FL 34982
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    • Value Estimation by Request
      0.85 Acres

      5080 Us-1

      Land • 0.85 Acres
      5080 Us-1, Fort Pierce, FL 34982
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    • Value Estimation by Request
      3.72 Acres

      3307 Us Highway 1

      Land • 3.72 Acres
      3307 Us Highway 1, Fort Pierce, FL 34982
      View Details

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    Similar Nearby for Lease

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      Industrial Land For Lease

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      Fort Pierce Contractor Storage Yards

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      Retail/QSR & Gas Station Pads

      Retail, QSR, and gas station pads available for rent.
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      Commercial Land Leasing Opportunity

      Retail strip center development with leasing opportunities available.
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      4403 S Us Highway 1 # C, Fort Pierce, FL 34982

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      4403 S Us Highway 1, Fort Pierce, FL 34982
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      1,890 SF

      Retail Space with Drive-Thru Potential

      Retail opportunity with drive-thru potential in Fort Pierce, Florida.
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    Fort Pierce, FL 34982
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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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    4850 Us Highway 1, Fort Pierce, FL, 34982
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