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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office buildings
1404 28th St Fort Pierce, FL 34947-6999
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US19-0775538
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE BLOCKS
Total area
4,026 SF
Lot
0.68 ac (29,540 SF)
Zoning code
GENERAL CO
APN
2417-510-0025-000-3
UPID
US19-0775538
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
-
Altagrace Jean Baptiste Physician
-
Wildya Conde Physician
-
Dr. Juan Maldonado Physician
-
American Care Medical Center Physician
-
Reidman-Brown & Brown: Rise Ann Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$526k
Blend (final)
Blend
$630k
Owner & transaction history
Fort Pierce R/e Props INC · 15 yrs held
Fort Pierce R/e Props INC
since 2010
5 recorded transactions
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$910,000
+26.7%
Retail stores
$815,000
+13.3%
Medical building
$765,000
+6.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$715,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$910,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$765,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$156 / 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
$12,291
Tax year 2023
Assessed value
$591,300
Assessed 2023
Previous assessed
$407,110
+45.2% YoY
Effective rate
2.08%
On assessed value
Assessed land
$119,000
Assessed improvement
$472,300
Land market value
$119,000
Improvement market value
$472,300
Total market value
$591,300
Applied tax rate
22.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1986
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Units
1
Rooms
8
Bathrooms
1
Total area
4,026 SF
Lot
0.68 ac (29,540 SF)
Zoning code
GENERAL CO
APN
2417-510-0025-000-3
UPID
US19-0775538
Jurisdiction
ST LUCIE
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Zoning GENERAL CO · permitted uses
GENERAL 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
OFFICE BUILDING Current
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$910,000
RETAIL STORES
Est. value
$815,000
MEDICAL BUILDING
Est. value
$765,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1986
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
8
Bathrooms
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Fort Pierce R/e Props INC
Entity
Free & Clear · 15 yrs held
Mailing address
12171 SW 268TH ST, HOMESTEAD, FL 33032-8001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Dec 16, 2010
$350,000
Fort Pierce R/e Props INC
1404 Realty Associates LLC
Warranty Deed
—
Dec 16, 2010
—
1404 Realty Associates LLC
Fort Pierce Downtown LLC
Grant Deed
related
—
Jan 28, 2005
$345,000
1404 Realty Associates LLC
Fort Pierce Downtown LLC
Warranty Deed
—
Oct 16, 2003
$290,000
Fort Pierce Downtown LLC
Knapp,john M & Kimberly R
Grant Deed
—
—
—
Knapp Trust
—
Deed Of Trust
related
$202,500 · Riverside National Bank
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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