Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5299 St Lucie Blvd Fort Pierce, FL 34946
    Back to Search
    Property profile & analytics

    5299 St Lucie Blvd Fort Pierce, FL 34946

    View on Map
    • Land
    • 1.02 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5299 St Lucie Blvd

    Lot size
    1.02 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 1.02-acre commercial lot presents a unique investment opportunity in Fort Pierce, Florida. Located at 5299 St Lucie Blvd, this mostly cleared parcel is ideally situated in St. Lucie County, offering convenient access to key infrastructure and businesses. The property's APN is 1431-212-0004-000-6. Priced at $425,000, this land boasts a highly desirable location, less than half a mile from the Treasure Coast Airport, currently undergoing expansion to accommodate commercial flights. This proximity offers significant potential for businesses requiring convenient air access. The site currently features a small residential structure. The surrounding area is characterized by established industrial properties, including notable businesses such as Maverick Boats and Copart Auto Auctions, indicating a strong and growing industrial presence. It's important to note that the property has a zoning restriction prohibiting equipment or hydraulic repair businesses. This vacant corner lot presents a compelling opportunity for developers and investors seeking a strategic foothold in a thriving industrial sector. The property's size and location make it suitable for a variety of commercial uses, subject to local zoning regulations. Interested parties are encouraged to conduct their own due diligence to verify all information and assess suitability for their intended purpose.

    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
    -80.3781
    Latitude
    27.4837

    Comparable in this City

    • Value Estimation by Request
      44.57 Acres

      3032 25Th St

      Land • 44.57 Acres
      3032 25Th St, Fort Pierce, FL 34946
      View Details
    • Value Estimation by Request
      23.00 Acres

      2635 Keen Rd

      Manufacturing properties • 1,500 SF
      2635 Keen Rd, Fort Pierce, FL 34946
      View Details
    • Value Estimation by Request
      174.14 Acres

      6000 St Lucie Blvd

      Land • 174.14 Acres
      6000 St Lucie Blvd, Fort Pierce, FL 34946
      View Details
    • Value Estimation by Request
      25.39 Acres

      Steel Blvd

      Land • 25.39 Acres
      0 Steel Blvd, Fort Pierce, FL 34946
      View Details
    • Value Estimation by Request
      5.60 Acres

      St Lucie Blvd

      Land • 5.60 Acres
      0 St Lucie Blvd, Fort Pierce, FL 34946
      View Details
    • Value Estimation by Request
      6,000 SF

      3462 Us Highway 1

      Flex space • 6,000 SF
      3462 Us Highway 1, Fort Pierce, FL 34946
      View Details

    Similar Nearby for Sale

    • $1,400,000

      Ready-to-Build Self-Storage Development Site

      Permitted self-storage development site ready for immediate construction.
      N Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $1,350,000

      Land For Sale Fort Pierce

      Land available for sale in Fort Pierce, Florida.
      4875 N Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $740,000
      3,480 SF

      Income-Producing Duplex in Fort Pierce

      Income-producing duplex with industrial zoning and future potential.
      2856 Harson Way, Fort Pierce, FL 34946
      View Details

    Similar Nearby for Lease

    • $1.93 SF/Yr
      21,019 SF

      Renovated Industrial Building with Fenced Yards

      Light industrial building with office space, overhead doors, fenced yards.
      2700 Industrial Avenue 3, Fort Pierce, FL 34946
      View Details
    • New
      $30,000
      1,400 SF

      New Flexspace Warehouse Near Airport

      Newly constructed flexspace warehouse near Treasure Coast International Airport.
      6509 St Lucie Blvd, Fort Pierce, FL 34946
      View Details
    • $2,100 /Mo

      Refreshed Three-Bedroom Home Available

      Move-in ready, updated 3-bedroom, 1-bath home for rent.
      2809 Jefferson Pkwy, Fort Pierce, FL 34946
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Fort Pierce

      Retail space available in redeveloped community center with high visibility.
      1851-1889 N Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $1,000 /Mo

      Harbortown Marina Office Space

      Office space for rent in Harbortown Marina, Ft. Pierce.
      2010 Harbortown Dr W, Fort Pierce, FL 34946
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Sabal Palm Plaza

      Retail space for lease in Fort Pierce, Florida.
      2401-2587 S Us Highway 1, Fort Pierce, FL 34946
      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.
    5299 St Lucie Blvd
    Fort Pierce, FL 34946
    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

    Thank You for Inquiry
    5299 St Lucie Blvd, Fort Pierce, FL, 34946
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!