Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Midway Rd Fort Pierce, FL 34982

    • Land
    • 0.69 lot acres
    For Sale
    View listing
    $500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Midway Rd

    Lot size
    0.69 lot acres
    Property type
    Land

    Description

    This exceptional 0.69-acre commercial land parcel, located on heavily traveled Midway Road in Fort Pierce, Florida (APN: 3404-501-0038-000-2), presents a unique investment opportunity. Priced at $500,000, the property boasts a desirable location with direct access to I-95 and benefits from the ongoing six-lane expansion of Midway Road. Situated within St. Lucie County, the site enjoys close proximity to established residential areas, retail centers, and restaurants, ensuring high visibility and accessibility. Zoned Commercial Neighborhood, this parcel offers significant potential for various commercial developments, including retail or professional office spaces. The nearly three-quarter acre lot features approximately 225+ feet of frontage and 133+ feet of depth, providing ample space for construction. Surrounded by existing and planned residential and commercial projects, this property is ideally positioned to capitalize on the area's continued growth. The property's strategic location and zoning make it an attractive investment for developers seeking a prime location in a thriving market. Future zoning possibilities include additional commercial designations. This is a rare opportunity to acquire a highly desirable commercial parcel in a rapidly developing area of St. Lucie County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St Lucie
    State
    Florida
    Longitude
    -80.3408
    Latitude
    27.3743

    Comparable in this City

    • Value Estimation by Request
      0.61 Acres

      1109 Midway Rd

      Land • 0.61 Acres
      1109 Midway Rd, Fort Pierce, FL 34982
      View Details
    • Value Estimation by Request
      0.76 Acres

      395 Midway Rd

      Land • 0.76 Acres
      395 Midway Rd, Fort Pierce, FL 34982
      View Details
    • Value Estimation by Request
      5.44 Acres

      Tbd Oleander Ave

      Land • 5.44 Acres
      0 Tbd Oleander Ave, Fort Pierce, FL 34982
      View Details
    • Value Estimation by Request
      4.75 Acres

      4850 Us Highway 1

      Land • 4.75 Acres
      4850 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • Value Estimation by Request
      6.77 Acres

      3238 Us Highway 1

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

      5080 Us-1

      Land • 0.85 Acres
      5080 Us-1, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Sale

    • $499,000
      0.76 Acres

      Fort Pierce Commercial Land

      0.76 Acres, High-Visibility Location
      395 Midway Rd, Fort Pierce, FL 34982
      View Details
    • $1,050,000
      3.72 Acres

      Fort Pierce Commercial Land

      Prime 3.72-acre commercial site
      3307 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $6,875,000
      14.85 Acres

      Midway Road Development Opportunity

      15+ Acres, High-Density Potential, Fort Pierce
      604 Midway Rd, Fort Pierce, FL 34982
      View Details
    • $1,900,000
      4.75 Acres

      Fort Pierce Self-Storage Land

      4.75 Acres, Site Plan Approved
      4850 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $1,800,000
      3.57 Acres

      Fort Pierce Commercial Land

      3.57 Acres, High-Traffic Location
      3450 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $500,000
      0.69 Acres

      Midway Road Commercial Land

      Prime Fort Pierce Development Site
      0 Midway Rd, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,801 SF

      Fort Pierce Retail Land Opportunity

      Prime 1.85-acre retail site, build-to-suit.
      2960 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $6,700 /Mo
      2 SF

      Industrial Land For Lease

      2.14-acre industrial parcel ideal for various operations.
      601 S Market Ave, Fort Pierce, FL 34982
      View Details
    • Contact for pricing
      10,890 SF

      Fort Pierce Contractor Storage Yards

      Fenced, stabilized, and lit storage yards for lease.
      799 Barrel Ave, Fort Pierce, FL 34982
      View Details
    • Contact for pricing

      Commercial Land Leasing Opportunity

      Retail strip center development with leasing opportunities available.
      507 W Midway Rd, Fort Pierce, FL 34982
      View Details
    • $1,750 /Mo

      Retail Space in Fort Pierce

      Retail space suitable for barber shops and nail salons.
      3731 Oleander 102, Fort Pierce, FL 34982
      View Details
    • $17 SF/Yr
      1,500 SF

      Modern Flex Office Spaces Available

      Flexible leasing options in modern flex office spaces.
      3801 Oleander Ave, Fort Pierce, FL 34982
      View Details
    Request Owner's contact information
    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.
    Midway Rd
    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
    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

    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.