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    2721 Us Highway 1 Fort Pierce, FL 34982

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    2721 Us Highway 1 Fort Pierce, FL 34982

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    • Retail properties & Spaces
    • 16,497 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BigBoyz Barbershop / Barber Shop
    • State No-Fault Insurance / Insurance Agency
    • Alcoholicos Anonimos Grupo Renacer Hispano / Social Service Agency / Medical Clinic
    • Desi Oriental Grocery Store / (Bike/Boat/Book/etc) Store / Grocery & Convenience Store
    • Federal Mall / Shopping Center & Mall

    Property Details for 2721 Us Highway 1

    Property size
    16,497 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,800 square foot retail/office space, located at 2721 S US Hwy 1, Fort Pierce, FL 34982, is now available for lease at $24.00 per square foot on a modified gross basis. Situated in a well-maintained plaza, this property boasts excellent visibility and accessibility, with a highly desirable left-in/left-out access via Wisteria Ave and El Rancho Dr. The property benefits from a strong traffic count of 33,000 AADT. The space itself features a recently completed renovation, offering an open layout perfect for a variety of uses, including office, gallery, or studio space. The 1,800 square feet includes two restrooms, a front-facing customer service area, and a versatile back room. The entire plaza offers 72 parking spaces for ample customer and employee parking. The property is zoned C-3, General Commercial, making it suitable for a wide range of businesses. This prime location within a busy community-serving plaza makes it an ideal opportunity for a retailer or service provider seeking high visibility and convenient access. Don't miss this chance to establish your business in a thriving area of Fort Pierce.

    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
    -80.3266
    Latitude
    27.4178

    Comparable in this City

    • Value Estimation by Request
      3,367 SF

      2716 Us Highway 1

      Individual retail properties • 3,367 SF
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      4,901 SF

      3135 Us Highway 1

      Day care centers • 4,901 SF
      3135 Us Highway 1, Fort Pierce, FL 34982
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    • Value Estimation by Request
      940 SF

      411 Weatherbee Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 940 SF
      411 Weatherbee Rd, Fort Pierce, FL 34982-6982
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      140 SF

      701 Weatherbee Rd

      NURSERY, GREENHOUSE, FLORIST • 140 SF
      701 Weatherbee Rd, Fort Pierce, FL 34982-8537
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    • Value Estimation
      $640,000
      7,600 SF

      3341 Us Hwy 1st 1

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,600 SF
      3341 Us Hwy 1st 1, Fort Pierce, FL 34982-8210
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    • Value Estimation by Request
      1,272 SF

      4715 Us Hwy 1st 1

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,272 SF
      4715 Us Hwy 1st 1, Fort Pierce, FL 34982-7005
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      4403 S Us Highway 1 # C, Fort Pierce, FL 34982

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      Prime Commercial Space on US1

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      Retail Space Available For Rent

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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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    2721 Us Highway 1, Fort Pierce, FL, 34982

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