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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Turn key restaurants
101 Seaway Dr Fort Pierce, FL 34950-9103
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-1287298
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1982
Construction
CONCRETE BLOCKS
Total area
2,200 SF
Lot
0.24 ac (10,617 SF)
Zoning code
GENERAL CO
APN
2403-801-0009-000-5
UPID
US18-1287298
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Outside Gym Gym & Fitness Center
-
I&EFixing Glass Doors Roofing Company General Contractor
-
City of Fort Pierce Outdoor Fitness Station Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Jairo Chitiva · 2 yrs held
Jairo Chitiva
since 2023
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Pierce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Pierce submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$470,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $600k (Oct 5 2023)
Last sale anchor
$600k
Oct 5 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$243 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,726
Tax year 2023
Assessed value
$512,800
Assessed 2023
Previous assessed
$263,120
+94.9% YoY
Effective rate
1.70%
On assessed value
Assessed land
$143,300
Assessed improvement
$369,500
Land market value
$143,300
Improvement market value
$369,500
Total market value
$512,800
Applied tax rate
9,122.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1982
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Rooms
8
Bathrooms
1
Total area
2,200 SF
Lot
0.24 ac (10,617 SF)
Zoning code
GENERAL CO
APN
2403-801-0009-000-5
UPID
US18-1287298
Jurisdiction
ST LUCIE
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Zoning GENERAL CO · permitted uses
GENERAL CO · Fort Pierce, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Pierce. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
8
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Jairo Chitiva
Individual
Free & Clear · 2 yrs held
Mailing address
1325 SW BENT PNE CV, PORT SAINT LUCIE, FL 34986-2102
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
—
Jairo Chitiva
Kenlee Commercial Investments INC
Correction Deed
related
—
Oct 5, 2023
$600,000
Jairo Chitiva
Kenlee Commercial Investments INC
Special Warranty Deed
—
Apr 2, 2019
$300,000
Kenlee Coml Invs INC
Demarco,john J & Catherine R
Warranty Deed
$120,000 · Demarco Children's Trust (pt)
Feb 21, 2006
—
Demarco Childrens Trust
Demarco,catherine R
Quit Claim Deed
—
Apr 16, 2004
$400,000
John J Demarco
Skinner,david R & Susan G
Grant Deed
$280,000 · Bank Of America
—
—
David R Skinner
—
Deed Of Trust
related
$165,000 · Harbor Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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