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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Warehouses
12101 Orange Ave, Fort Pierce, FL 34945-2027
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9190396
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
METAL FRAME
Total area
5,950 SF
Lot
9.24 ac (402,407 SF)
Zoning code
AG-2.5 - C
APN
2308-411-0000-000-3
UPID
US18-9190396
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
-
Nature's Grounds Home Decor Store Department Store
-
Varn Citrus Inc Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Palmetto Yacht Management LLC · 2 yrs held
Palmetto Yacht Management LLC
since 2024
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
AG-2.5 - C · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+281.5%
Auto repair, garage
$1.6M
+115.5%
Neighborhood: shopping center
$1.3M
+85.8%
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
$2,000,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,755,000
Change: +282% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,555,000
Change: +116% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,345,000
Change: +86% · Conversion: Moderate
RETAIL STORES
$1,200,000
Change: +66% · Conversion: Moderate
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (Jun 21 2024)
Last sale anchor
$2.00M
Jun 21 2024
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
$336 / 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
$23,273
Tax year 2023
Assessed value
$1,200,200
Assessed 2023
Previous assessed
$1,200,200
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$232,800
Assessed improvement
$967,400
Land market value
$232,800
Improvement market value
$967,400
Total market value
$1,200,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
5,950 SF
Lot
9.24 ac (402,407 SF)
Zoning code
AG-2.5 - C
APN
2308-411-0000-000-3
UPID
US18-9190396
Jurisdiction
ST LUCIE
Zoning & alternative use
AG-2.5 - C · Fort Pierce, FL
Zoning AG-2.5 - C · permitted uses
AG-2.5 - C · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
3
Bathrooms
1
Lot
9.24 ac
Current owner
From public records · entity-resolved
Palmetto Yacht Management LLC
Entity
Mailing address
6125 N R C SARVIS RD, MYRTLE BEACH, SC 29588-8107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jun 21, 2024
$2,000,000
Palmetto Yacht Management LLC
Agricultural & Transport Holdings L
Warranty Deed
$1,700,000 · South State Bank NA
Dec 22, 2021
$1,250,000
Agricultural & Transport Holdings L
Lafreniere Properties LLC
Special Warranty Deed
$812,500 · Fuse 10 LLC
Jul 21, 2017
$560,000
Lafreniere Propeties C
Varn Citrus INC
Warranty Deed
—
Nov 16, 2007
$955,000
Varn Citrus INC
Jerger,cathy M R
Warranty Deed
$600,000 · Riverside National Bank
Jul 6, 2005
—
Cathy M Robinson
Robinson,louise O
Quit Claim Deed
related
—
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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