1100 Colonnades Dr Fort Pierce, FL 34949-3063
Entity Owned
6-yr Hold
~
Est. High Equity
Estimated value (blended)
$970k
Range $873k – $1.07M (±10%)
Implied cap rate
6.00%
In-place · NOI ÷ last sale
Property ID
US18-0319200
Property summary
AI-generated overview
This exceptional 1,000-square-foot retail space, formerly a bank, is available for lease in the desirable Colonnades Plaza on Fort Pierce South Beach (Hutchinson Island). Located across from the Pelican Yacht Club, this property boasts excellent visibility on Seaway Drive. The space features ample parking with 25 spaces in front and 15 in the rear. The property is zoned C-5 and has an APN of 240150103312202. The lease rate is $25 per square foot, NNN, with CAM estimated at $7.90 per square foot. This single-tenant space presents a unique opportunity for businesses seeking a high-traffic location. The property is part of a vibrant commercial center, sharing space with established businesses such as Ocean Nails, Cream Republic Ice Cream, Agelina's Italian Restaurant, and Ellie's House of Hair. Note that an adjacent 2,000-square-foot former medical space is also available, allowing for a combined total of 3,000 square feet should a larger space be required. Given the limited availability of commercial space on South Beach, this property represents a rare and highly sought-after opportunity.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1975
Construction
CONCRETE BLOCKS
Total area
4,000 SF
Lot
0.96 ac (41,719 SF)
Zoning code
TOURIST CO
APN
2401-501-0331-220-2
UPID
US18-0319200
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
$920k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$970k
Owner & transaction history
since 2020
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
TOURIST CO · Fort Pierce, FL
Top alternative use upside
Auto repair, garage
$1.0M
+16.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$970k
Value range
$873k – $1.07M
±10% around blend
Estimated value / SF
$243 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$873k
blend $970k
$1.07M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,000 SF
Lot area
0.96 ac
Year built
1975
Stories
1
APN
2401-501-0331-220-2
Assessed value
$1,043,300
Annual tax
$26,406
3
Income approach: direct capitalization
Partial preview
Income approach indication
$920k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$995k
@ 6.5% CAP return
$920k
@ 7% CAP return
$855k
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$970k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 42 sales
$226
+7%
County 42 sales
$226
+7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $243/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+16%
vs current-use indication
Neighborhood: Shopping Center · current use
Retail Stores
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
6.00%
Implied, in-place cap rate for this community centers
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.00%
9.0%
NOI (est.)
$70k *
Last sale · Mar 2020
$1.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.17M
Move the market yield to see immediate price impact.
Value / SF
$292
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.50%6.00%6.50%
$63k
$1.15M
$1.05M
$969k
$70k
$1.27M
$1.17M
$1.08M
$77k
$1.40M
$1.28M
$1.18M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,406
Tax year 2023
Assessed value
$1,043,300
Assessed 2023
Previous assessed
$956,200
+9.1% YoY
Effective rate
2.53%
On assessed value
Assessed land
$1,043,000
Assessed improvement
$300
Land market value
$1,043,000
Improvement market value
$300
Total market value
$1,043,300
Applied tax rate
9,022.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1975
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
5
Rooms
45
Bathrooms
2
Total area
4,000 SF
Lot
0.96 ac (41,719 SF)
Zoning code
TOURIST CO
APN
2401-501-0331-220-2
UPID
US18-0319200
Jurisdiction
ST LUCIE
Zoning & alternative use
TOURIST CO · Fort Pierce, FLZoning TOURIST CO · permitted uses
TOURIST CO · Fort Pierce, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
5
Rooms
45
Bathrooms
2
Lot
0.96 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
TOURIST CO
Jurisdiction
Fort Pierce, FL
Recorded code
TOURIST CO
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TOURIST CO in Fort Pierce, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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