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    1150 Bell Ave Fort Pierce, FL 34982-6581
    Property profile & analytics

    1150 Bell Ave Fort Pierce, FL 34982-6581

    View on Map
    • Warehouses
    • 19,380 SF
    • 2.63 lot acres
    Off-Market
    Property ID
    US18-1262284
    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.
    Value Estimations
    $1,450,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Luxury Car Parts / Auto Parts Store / (Bike/Boat/Book/etc) Store
    • Go Abrasives / Mill / Building Supply
    • L.E.B. Demolition & Consulting Contractors, Inc. / Construction Company / General Contractor
    • XFB (Extreme Fishing Boats) / (Bike/Boat/Book/etc) Store

    Property Details for 1150 Bell Ave

    Year built
    1956
    Construction
    CONCRETE BLOCKS
    Lot size
    2.63 lot acres
    Property size
    19,380 SF
    Zone code
    LIGHT INDU
    Property type
    Warehouses
    APN
    2428-502-0024-000-5
    APU
    242850200240005

    Description

    This exceptional investment opportunity presents a five-unit industrial warehouse located at 1150 Bell Avenue, Fort Pierce, Florida, 34982. The property boasts a substantial 19,380 square feet of space, ideal for a variety of industrial uses. Built in 1956, this well-established property offers significant potential for immediate income generation or future development. The asking price is $4,000,000. Situated in St. Lucie County, the property's precise lot size is not currently available. The warehouse's five individual units provide flexibility for multiple tenants or a single large-scale operation. Its strategic location in Fort Pierce offers convenient access to major transportation routes, enhancing its logistical appeal. This property represents a rare chance to acquire a substantial industrial asset in a growing Florida market. The property's age presents an opportunity for modernization and value enhancement. Serious inquiries are encouraged to explore the full potential of this significant industrial holding. Further details regarding the individual unit sizes and specifications are available upon request. The property is zoned for industrial use. This is a prime opportunity for investors seeking a strong return on investment in the thriving Fort Pierce industrial sector.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,540,000
      Market price range: $1.48M - $3.23M
      AI Estimate
      $1,128,000
      Market price range: $747k - $2.44M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,355,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.336
    Latitude
    27.397
    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
    $31,006
    $538,900
    $989,600
    $1,528,500
    -
    $538,900
    $989,600
    $1,528,500

    Comparable in this City

    • Value Estimation
      $600,000
      5,940 SF

      923 Wagner Pl

      WAREHOUSE, STORAGE • 5,940 SF
      923 Wagner Pl, Fort Pierce, FL 34982-6661
      View Details
    • Value Estimation
      $3,190,000
      40,480 SF

      500 Farmers Market Rd

      WAREHOUSE, STORAGE • 40,480 SF
      500 Farmers Market Rd, Fort Pierce, FL 34982-8257
      View Details
    • Value Estimation
      $595,000
      4,890 SF

      3385 Us Hwy 1st 1

      WAREHOUSE, STORAGE • 4,890 SF
      3385 Us Hwy 1st 1, Fort Pierce, FL 34982-6605
      View Details
    • Value Estimation
      $1,070,000
      15,598 SF

      1270 Grose Rd

      WAREHOUSE, STORAGE • 15,598 SF
      1270 Grose Rd, Fort Pierce, FL 34982-6575
      View Details
    • Value Estimation
      $5,515,000
      55,000 SF

      1650 Digiorgio Rd

      WAREHOUSE, STORAGE • 55,000 SF
      1650 Digiorgio Rd, Fort Pierce, FL 34982-6464
      View Details
    • Value Estimation
      $3,925,000
      33,194 SF

      600 Edwards Rd

      WAREHOUSE, STORAGE • 33,194 SF
      600 Edwards Rd, Fort Pierce, FL 34982-6230
      View Details

    Similar Nearby for Sale

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      15,050 SF

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      408 Farmers Market Rd, Fort Pierce, FL 34982
      View Details
    • $230,000
      1,533 SF

      Fort Pierce Warehouse with Office

      1,035 SF warehouse with office space for sale.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      New Warehouse Space For Lease

      Newly constructed warehouse space with easy access to major roads.
      4003 Oleander Ave, Fort Pierce, FL 34982
      View Details
    • Contact for pricing
      40,139 SF

      Industrial Warehouses with Rail Spur

      Two warehouses with canopies, fencing, and rail access.
      1121 Digiorgio Rd, Fort Pierce, FL 34982
      View Details
    • $1,900 /Mo

      Modern Flex Office Spaces

      Flexible leasing options in a busy industrial corridor.
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      View Details
    • $12 SF/Yr
      4,800 SF

      Light Industrial Warehouse For Lease

      Centrally located warehouse suitable for distribution, manufacturing, and storage.
      901-913 Edwards Rd, Fort Pierce, FL 34982
      View Details
    • $1,650 /Mo

      Renovated Flex Space Unit

      Flex space unit ideal for manufacturing, assembly, or storage.
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      View Details
    • $12 SF/Yr
      12,000 SF

      Ft. Pierce Commercial Space

      Commercial space available for lease in Ft. Pierce, Florida.
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      View Details
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    Fort Pierce, FL 34982-6581
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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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