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    2716 S US Highway 1, Fort Pierce, Florida 34982 Fort Pierce, FL 34982
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    2716 S US Highway 1, Fort Pierce, Florida 34982 Fort Pierce, FL 34982

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    • Retail residential properties
    For Sale
    $2,500,000
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    Freestanding Building with Drive-Thru For Sale
    $2,500,000
    3,367 SF

    Freestanding Building with Drive-Thru

    Retail | Fort Pierce, Florida

    2716 S US Highway 1, Fort Pierce, Florida 34982, Fort Pierce, FL 34982
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 2716 S US Highway 1, Fort Pierce, Florida 34982

    Year built
    2019
    Property type
    Retail residential properties

    Description

    This well positioned, free-standing building is in excellent condition, and ready for a Quick Serve Restaurant with a Drive-Thru. The location provides great visibility and ease of access for a convenient customer experience. Located on busy US Hwy 1 in Ft. Pierce’s primary commercial corridor, the property is well positioned on a hard corner with access from US Hwy 1 and Savannah Rd.

    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
    State
    Florida
    Longitude
    -80.3262
    Latitude
    27.4207

    Comparable in this City

    • Value Estimation by Request
      4,840 SF

      607 Market Ave

      STORE/OFFICE (MIXED USE) • 4,840 SF
      607 Market Ave, Fort Pierce, FL 34982-8213
      View Details
    • Value Estimation by Request
      5,250 SF

      3343 Us Hwy 1st 2nd Ste, Unit 2

      STORE/OFFICE (MIXED USE) • 5,250 SF
      3343 Us Hwy 1st 2nd Ste, Fort Pierce, FL 34982-6664
      View Details
    • Value Estimation by Request
      3,676 SF

      5989 Us Hwy 1st 1

      STORE/OFFICE (MIXED USE) • 3,676 SF
      5989 Us Hwy 1st 1, Fort Pierce, FL 34982-3948
      View Details
    • Value Estimation by Request
      2,200 SF

      5300 Us Hwy 1st 1

      STORE/OFFICE (MIXED USE) • 2,200 SF
      5300 Us Hwy 1st 1, Fort Pierce, FL 34982-7368
      View Details
    • Value Estimation by Request
      2,982 SF

      366 Midway Rd

      STORE/OFFICE (MIXED USE) • 2,982 SF
      366 Midway Rd, Fort Pierce, FL 34982-7148
      View Details
    • Value Estimation
      $730,000
      5,985 SF

      430 Market Ave

      STORE/OFFICE (MIXED USE) • 5,985 SF
      430 Market Ave, Fort Pierce, FL 34982-6667
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Restaurant Building with Drive-Through

      Standalone restaurant with lease, drive-through, and redevelopment potential.
      2455 W Midway Rd, Fort Pierce, FL 34982
      View Details
    • $2,599,000

      Fort Pierce Mixed-Use Portfolio

      Mixed-use commercial portfolio with development potential in Fort Pierce, Florida.
      2402 S Us Highway 1, Fort Pierce, FL 34982
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    • $470,000
      4,140 SF

      Established Retail Property For Sale

      Retail property with long-term occupancy and established business.
      3793 Oleander Ave, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,890 SF

      Retail Space with Drive-Thru Potential

      Retail opportunity with drive-thru potential in Fort Pierce, Florida.
      3810 S Us Highway 1, Fort Pierce, FL 34982
      View Details
    • Contact for pricing
      6,500 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
    • Contact for pricing

      Retail/QSR & Gas Station Pads

      Retail, QSR, and gas station pads available for rent.
      2960 S Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $12 SF/Yr

      Fort Pierce Retail/Office/Medical Plaza

      Neighborhood plaza with spaces for retail, office, and medical tenants.
      800 Virginia Ave, Fort Pierce, FL 34982
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    • $15 SF/Yr
      1,500 SF

      Modern Flex Office Spaces

      Modern flex spaces ideal for various businesses, move-in ready.
      3801 Oleander Ave, Fort Pierce, FL 34982
      View Details
    • $15 SF/Yr
      1,500 SF

      Modern Flex Office Spaces Available

      Modern flex office spaces for lease in Fort Pierce, Florida.
      3801 Oleander Ave, Fort Pierce, FL 34982
      View Details
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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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