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Property profile & analytics
OFF-MARKET
Estimated value
$220,000
Theaters & concert halls
117 2nd St Fort Pierce, FL 34950-4305
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-2717489
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1925
Construction
CONCRETE BLOCKS
Total area
1,500 SF
Lot
0.05 ac (2,237 SF)
Zoning code
CENTRAL CO
APN
2410-508-0001-000-1
UPID
US18-2717489
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
-
Waylon French Restaurant Restaurant
-
Jonah Tea Store Financial Advisor
-
The Fort Social Restaurant
-
CASEY N SPAZ COMEDY Nightclub Theater & Performing Art Venue
-
Sunrise Theatre Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$220k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$220k
Owner & transaction history
City Of Fort Pierce · 10 yrs held
City Of Fort Pierce
since 2016
5 recorded transactions
Zoning & alternative use
CENTRAL 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
by Request
ML approach
$220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$220k
Range $198k – $242k · ±10%
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
$147 / 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
$69
Tax year 2023
Assessed value
$185,700
Assessed 2023
Previous assessed
$111,564
+66.5% YoY
Effective rate
0.04%
On assessed value
Assessed land
$32,400
Assessed improvement
$153,300
Land market value
$32,400
Improvement market value
$153,300
Total market value
$185,700
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1925
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
15
Bathrooms
1
Total area
1,500 SF
Lot
0.05 ac (2,237 SF)
Zoning code
CENTRAL CO
APN
2410-508-0001-000-1
UPID
US18-2717489
Jurisdiction
ST LUCIE
Zoning & alternative use
CENTRAL CO · Fort Pierce, FLZoning CENTRAL CO · permitted uses
CENTRAL CO · Fort Pierce, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1925
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
15
Bathrooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
City Of Fort Pierce
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 1480, FORT PIERCE, FL 34954-1480
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2019
—
Kraaz & Kraaz Finance LLC
—
Deed
related
$2,566,350 · M&t Bk
Mar 1, 2016
—
City Of Fort Pierce
K & K II INC
Quit Claim Deed
related
—
Oct 23, 2006
—
City Of Fort Pierce Florida
St Lucie Preservation Assn INC
Warranty Deed
—
Jul 3, 2000
$449,600
Preservation Assoc St. Lucie
K & K II INC
Grant Deed
—
Sep 5, 1997
$50,000
Saint Lucie Preservation Assoc
K & K II INC
Grant Deed
—
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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