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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Manufacturing properties
130 2nd St, Fort Pierce, FL 34950-4403
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4647634
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1961
Construction
CONCRETE BLOCKS
Total area
20,156 SF
Lot
0.38 ac (16,500 SF)
Zoning code
CENTRAL CO
APN
2410-503-0055-000-9
UPID
US18-4647634
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
-
The Crafted Pie Restaurant
-
Sailfish Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.12M
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$2.02M
Owner & transaction history
130 N 2nd Property Owner LLC · 4 yrs held
130 N 2nd Property Owner LLC
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CENTRAL CO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.2M
+9.0%
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
$2,030,000
ML approach
$2,120,000
CAP Approach
CAP Return
Estimation
6%
$2,370,000
6.5%
$2,185,000
7%
$2,030,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,910,000
Current use
RETAIL STORES
$3,170,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,450,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±10% · vs last sale $2.00M (Nov 22 2021)
Last sale anchor
$2.00M
Nov 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
$100 / 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
$32,629
Tax year 2023
Assessed value
$1,307,300
Assessed 2023
Previous assessed
$1,307,300
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$239,300
Assessed improvement
$1,068,000
Land market value
$239,300
Improvement market value
$1,068,000
Total market value
$1,307,300
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
1961
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
8
Bathrooms
1
Total area
20,156 SF
Lot
0.38 ac (16,500 SF)
Zoning code
CENTRAL CO
APN
2410-503-0055-000-9
UPID
US18-4647634
Jurisdiction
ST LUCIE
Zoning & alternative use
CENTRAL CO · Fort Pierce, FL
Zoning 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
Fort Pierce. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
RETAIL STORES
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.5M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1961
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
130 N 2nd Property Owner LLC
Entity
Mailing address
105 SIESTA WAY, PALM BEACH GARDENS, FL 33418-1743
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
$2,000,000
130 N 2nd Property Owner LLC
Kraaz & Kraaz Finance LLC
Warranty Deed
$1,400,000 · Standard Insurance Co
Nov 22, 2021
—
Standard Insurance Company
130 N 2nd Property Owner LLC
Assignment Of Lease (leasehold Sale)
—
Dec 31, 2020
—
Kraaz & Kraaz Finance LLC
—
Deed
related
$445,712 · M&t Bk
Dec 18, 2015
$788,000
Kraaz & Kraaz Finance LLC
Greatfield Development USA LLC
Warranty Deed
$591,000 · M & T Bank
Jul 2, 2013
$660,000
Greatfield Dev USA LLC
Tillman,robert C
Warranty Deed
—
Jan 10, 2005
—
Robert C Tillman
Mcdonald,c R JR
Warranty Deed
$382,702 · C R JR & Claudia Mcdonald
—
—
Kraaz & Kraaz Finance LLC
—
Loan Modification
related
$445,712 · M&t Bk
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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