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    2716 Us Highway 1 Fort Pierce, FL 34982
    Property profile & analytics

    2716 Us Highway 1, Fort Pierce, FL 34982

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    • Retail properties & Spaces
    • 3,367 SF
    • 0.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Mallonee / Ophthalmologist
    • Diabetes Eye & Macular Center / Ophthalmologist
    • Dairy Queen Grill & Chill / Restaurant / Take-out & Catering
    • Z'DFixing Glass Doors / Roofing Company / General Contractor

    Property Details for 2716 Us Highway 1

    Year built
    2019
    Lot size
    0.80 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Freestanding property

    Description

    This exceptional 3,367 square foot freestanding retail building, constructed in 2019, presents a unique opportunity for a discerning business owner. Ideally suited for a quick-serve restaurant with its convenient drive-thru, the property boasts excellent visibility and accessibility. Situated on a prominent corner lot at the intersection of US Highway 1 and Savannah Road in Fort Pierce, this location benefits from high traffic counts and easy ingress/egress. The 0.8-acre lot provides ample space for customer parking and maneuvering. The building is a single-tenant structure, offering complete control and flexibility. The C3 zoning allows for a variety of commercial uses. The property features one building with no elevators. Its modern construction and prime location make it an attractive investment opportunity in a thriving commercial area. The parcel's APN is 24-22-601-0023-0004. This is a turnkey solution for a business seeking immediate occupancy in a high-traffic, high-visibility 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
    -80.3259
    Latitude
    27.4182

    Comparable in this City

    • Value Estimation by Request
      20,036 SF

      5045 Us Highway 1

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      5045 Us Highway 1, Fort Pierce, FL 34982
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      20,036 SF

      5045 Us Highway 1

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      7,190 SF

      307 Indian Hills Dr

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      307 Indian Hills Dr, Fort Pierce, FL 34982
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    • Value Estimation by Request
      0.67 Acres

      3218 Us Highway 1

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      3218 Us Highway 1, Fort Pierce, FL 34982
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    • Value Estimation by Request
      1,272 SF

      4715 Us Hwy 1st 1

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      4715 Us Hwy 1st 1, Fort Pierce, FL 34982-7005
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    • Value Estimation by Request
      16,497 SF

      2721 Us Highway 1

      Retail properties & Spaces
      2721 Us Highway 1, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Sale

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      Retail Property For Sale

      Retail property available for purchase, offering a 7.21% CAP.
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      2,882 SF

      Restaurant with Drive-Thru on US Highway

      2,882 SF restaurant on 1.36 acres with drive-thru.
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      4,140 SF

      Established Retail Property For Sale

      Retail property with long-term occupancy and established business.
      3793 Oleander Ave, Fort Pierce, FL 34982
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    Similar Nearby for Lease

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      4,848 SF

      Restaurant Property on US1 ForRent

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      Retail Space For Rent

      Retail space available for rent in Fort Pierce, Florida.
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      Retail Space in Sabal Palm Plaza

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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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    • $1,750 /Mo

      Retail Space in Fort Pierce

      Retail space suitable for barber shops and nail salons.
      3731 Oleander 102, Fort Pierce, FL 34982
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    • Contact for pricing
      2,000 SF

      Prime Commercial Space on US1

      Retail space available along US1 with drive-thru and ample parking.
      4850 S Us Highway 1, Fort Pierce, FL 34982
      View Details
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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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