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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    100 2nd St Fort Pierce, FL 34950-4306

    • Office buildings
    • 15,274 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $2,850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5230109
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Redtail DG / Landscape Architect
    • j.beautyHAVEN / Hair Salon
    • Casa Pasta / Italian Restaurant
    • Sushi-Go / Japanese Restaurant

    Property Details for 100 2nd St

    Year built
    1957
    Construction
    CONCRETE BLOCKS
    Lot size
    0.21 lot acres
    Property size
    15,274 SF
    Zone code
    CENTRAL CO
    Property type
    Office buildings
    APN
    2410-503-0108-000-6
    APU
    241050301080006

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,430,000
      6.5%
      $3,165,000
      7%
      $2,940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,472,000
      Market price range: $1.80M - $8.43M
      AI Estimate
      $1,907,000
      Market price range: $1.34M - $3.78M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,185,000
      Current use
      AUTO REPAIR, GARAGE
      $4,000,000
      Change: -4% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,445,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3235
    Latitude
    27.4475
    CBSA code
    38940
    CBSA name
    PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,357
    $135,700
    $1,678,800
    $1,814,500
    -
    $135,700
    $1,678,800
    $1,814,500

    Comparable in this City

    • Value Estimation
      $4,720,000
      22,026 SF

      511 Orange Ave

      OFFICE BUILDING • 22,026 SF
      511 Orange Ave, Fort Pierce, FL 34950-4278
      View Details
    • Value Estimation
      $3,670,000
      17,760 SF

      2211 Okeechobee Rd

      OFFICE BUILDING • 17,760 SF
      2211 Okeechobee Rd, Fort Pierce, FL 34950-6552
      View Details
    • Value Estimation
      $5,310,000
      26,283 SF

      1600 Us Hwy 1st 1

      OFFICE BUILDING (MULTI-STORY) • 26,283 SF
      1600 Us Hwy 1st 1, Fort Pierce, FL 34950-5107
      View Details
    • Value Estimation
      $2,625,000
      23,640 SF

      300 6th St

      PROFESSIONAL BUILDING • 23,640 SF
      300 6th St, Fort Pierce, FL 34950-4221
      View Details
    • Value Estimation
      $1,475,000
      6,523 SF

      423 Delaware Ave

      PROFESSIONAL BUILDING • 6,523 SF
      423 Delaware Ave, Fort Pierce, FL 34950-8355
      View Details
    • Value Estimation by Request
      2,232 SF

      708 6th St

      OFFICE BUILDING • 2,232 SF
      708 6th St, Fort Pierce, FL 34950-8342
      View Details

    Similar Nearby for Sale

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      2,336 SF

      Fort Pierce Office Space Available

      Well-configured office space near Downtown Fort Pierce and US-1.
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      Multi-use building with apartments and offices in historic Ft. Pierce.
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      Commercial property with frontage on Orange Avenue in Fort Pierce.
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      2,100 SF medical office building near Lawnwood Medical Center.
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    • $365,000

      Prime Fort Pierce Land - 0.48 Acres

      Cleared Land, Excellent Location, US1 Access
      534 5Th St, Fort Pierce, FL 34950
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,920 SF

      Prime Commercial Building on US-1

      Two-story commercial building with high visibility on US-1.
      940 South Us Highway 1, Fort Pierce, FL 34950
      View Details
    • $14 SF/Yr
      10,943 SF

      Fort Pierce Warehouse Complex

      Prime Office/Warehouse, 10,943 SF
      2007 Okeechobee Rd, Fort Pierce, FL 34950
      View Details
    • $22 SF/Yr
      8,204 SF

      Prime Fort Pierce Commercial Spaces

      Office and flex spaces available in historic downtown Fort Pierce.
      500 S Us Highway 1, Fort Pierce, FL 34950
      View Details
    • $20 SF/Yr
      18,228 SF

      Fort Pierce Office Space Available

      Office space for lease in landmark building near US #1.
      2222 Colonial Rd, Fort Pierce, FL 34950
      View Details
    • $2,050 /Mo

      Retail/Office Space Near Downtown

      Available retail/office space with high visibility near downtown.
      601 Orange Ave, Fort Pierce, FL 34950
      View Details
    • $5 SF/Yr
      2,477 SF

      Historic Office Space for Lease

      Charming, updated office; 2,477 sq ft.
      301 Us Highway 1, Fort Pierce, FL 34950
      View Details
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    100 2nd St
    Fort Pierce, FL 34950-4306
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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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