Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    121 Kings Hwy Fort Pierce, FL 34945-3425

    Property Lookup

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

    121 Kings Hwy Fort Pierce, FL 34945-3425

    View on Map
    • Gas stations
    • 6,134 SF
    • 2.00 lot acres
    Off-Market
    Last Sale Dec 22, 2021
    $4,400,000
    Property ID
    US18-0751435
    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
    $4,390,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tesla Supercharger / Electric Vehicle Charging Station
    • Wawa / Grocery & Convenience Store
    • PNC ATM / Atm

    Property Details for 121 Kings Hwy

    Year built
    2022
    Lot size
    2.00 lot acres
    Property size
    6,134 SF
    Zone code
    PLANNED NO
    Property type
    Gas stations
    APN
    2311-801-0002-000-4
    APU
    231180100020004

    Description

    This exceptional commercial land opportunity presents 0.46 to 2.04 acres of prime real estate located at the highly visible, lighted intersection of Orange Avenue and South Kings Highway in Fort Pierce, Florida. The property, identified as 121 S Kings Hwy, zip code 34945, boasts prominent exposure and visibility to significant traffic flow on both major thoroughfares. This single-tenancy land parcel is available immediately and offers a unique chance for ground lease or purchase. Its strategic location makes it exceptionally suitable for a variety of commercial ventures, including drive-thru restaurants, fast-casual dining establishments, hotels, automotive businesses, and veterinary services. The site's size and high traffic count provide an excellent platform for businesses seeking maximum exposure and accessibility. The property is situated at latitude 27.4475594 and longitude -80.3990884. This is a rare opportunity to secure a highly desirable location in a growing Florida market. Contact us today to learn more about this exceptional investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,460,000
      ML approach
      $4,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,476,000
      Market price range: $2.43M - $5.64M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3999
    Latitude
    27.4466
    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
    $70,589
    $2,404,500
    $1,241,100
    $3,645,600
    -
    $2,404,500
    $1,241,100
    $3,645,600

    Comparable in this City

    • Value Estimation by Request
      1,448 SF

      7131 Okeechobee Rd

      SERVICE STATION (FULL SERVICE) • 1,448 SF
      7131 Okeechobee Rd, Fort Pierce, FL 34945-2603
      View Details
    • Value Estimation
      $3,465,000
      8,128 SF

      7150 Okeechobee Rd

      SERVICE STATION (FULL SERVICE) • 8,128 SF
      7150 Okeechobee Rd, Fort Pierce, FL 34945-2604
      View Details
    • Value Estimation
      $1,475,000
      10,154 SF

      7300 Okeechobee Rd

      SERVICE STATION (FULL SERVICE) • 10,154 SF
      7300 Okeechobee Rd, Fort Pierce, FL 34945-2723
      View Details
    • Value Estimation
      $1,245,000
      10,354 SF

      200 Kings Hwy

      SERVICE STATION (FULL SERVICE) • 10,354 SF
      200 Kings Hwy, Fort Pierce, FL 34945-3001
      View Details
    • Value Estimation
      $1,670,000
      19,123 SF

      100 Kings Hwy

      SERVICE STATION (FULL SERVICE) • 19,123 SF
      100 Kings Hwy, Fort Pierce, FL 34945-3443
      View Details
    • Value Estimation by Request
      966 SF

      6900 Okeechobee Rd

      SERVICE STATION (FULL SERVICE) • 966 SF
      6900 Okeechobee Rd, Fort Pierce, FL 34945-2608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,836 SF

      Commercial Land with Existing Restaurant

      1.15 acres with restaurant, suitable for various commercial uses.
      13490 Orange Ave, Fort Pierce, FL 34945
      View Details
    • $670,000

      Prime Fort Pierce Retail Opportunity

      Restaurant/Store, 2.2 Acres, $670K
      13490 Orange Ave, Fort Pierce, FL 34945
      View Details
    • Contact for pricing
      Pending

      Commercial Space in Developing Area

      Commercial space in a rapidly developing area near major highways.
      6945 Okeechobee Rd, Fort Pierce, FL 34945
      View Details
    • $1,950,000
      17.08 Acres

      Prime Fort Pierce Development Site

      17-acre multi-family development site on North US #1.
      2100 N Us Highway 1, Fort Pierce, FL 34945
      View Details
    • Contact for pricing

      74 Acres Developable Land For Sale

      74.10 acres of developable land in St. Lucie County.
      W Midway Rd, Fort Pierce, FL 34945
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      3,069 SF

      Kings Hwy Retail Space - Ft. Pierce

      High-traffic retail building, excellent visibility.
      2860 Kings Hwy, Fort Pierce, FL 34945
      View Details
    • Contact for pricing

      Mixed-Use Park with Flexible Suites

      Suites available in a secure, accessible mixed-use park.
      2735 Peters Rd, Fort Pierce, FL 34945
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease in Fort Pierce, Florida.
      S Kings Hwy, Fort Pierce, FL 34945
      View Details
    • Contact for pricing

      Spacious Warehouse Near Orange Ave

      4,204 SF warehouse with roll-up doors and fenced perimeter.
      225 Boyd Rd, Fort Pierce, FL 34945
      View Details
    • Contact for pricing
      1,102,950 SF

      Industrial Space Available for Lease

      Industrial space available for lease in Fort Pierce, Florida.
      933 S Rock Rd, Fort Pierce, FL 34945
      View Details
    • Contact for pricing
      1,013,833 SF

      Fort Pierce Logistics Center

      Distribution center with access to major Florida transportation routes.
      5001 Crossroads Pkwy, Fort Pierce, FL 34945
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    121 Kings Hwy
    Fort Pierce, FL 34945-3425
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    121 Kings Hwy, Fort Pierce, FL, 34945
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!