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Property profile & analytics
OFF-MARKET
Estimated value
$4,390,000
Gas stations
121 Kings Hwy, Fort Pierce, FL 34945-3425
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-0751435
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2022
Total area
6,134 SF
Lot
2 ac (87,120 SF)
Zoning code
PLANNED NO
APN
2311-801-0002-000-4
UPID
US18-0751435
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
-
Tesla Supercharger Electric Vehicle Charging Station
-
Wawa Grocery & Convenience Store
-
PNC ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$4.39M
Owner & transaction history
Wawae Holdings LLC · 4 yrs held
Wawae Holdings LLC
since 2021
Last sale
$4.4M
1 recorded transaction
Zoning & alternative use
PLANNED NO · 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
$4,460,000
ML approach
$4,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±10% · vs last sale $4.40M (Dec 22 2021)
Last sale anchor
$4.40M
Dec 22 2021
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
$716 / 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
$70,589
Tax year 2023
Assessed value
$3,645,600
Assessed 2023
Previous assessed
$280,500
+1,199.7% YoY
Effective rate
1.94%
On assessed value
Assessed land
$2,404,500
Assessed improvement
$1,241,100
Land market value
$2,404,500
Improvement market value
$1,241,100
Total market value
$3,645,600
Applied tax rate
2.0000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
6,134 SF
Lot
2 ac (87,120 SF)
Zoning code
PLANNED NO
APN
2311-801-0002-000-4
UPID
US18-0751435
Jurisdiction
ST LUCIE
Zoning & alternative use
PLANNED NO · Fort Pierce, FL
Zoning PLANNED NO · permitted uses
PLANNED NO · 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
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Wawae Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
618 W PULASKI HWY, ELKTON, MD 21921-4708
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$4,400,000
Wawae Holdings LLC
Bp Ok Dev LLC
Special Warranty 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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