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

    1901 Us Hwy 1st 1 Fort Pierce, FL 34950-5147

    • Banks
    • 5,710 SF
    • 0.74 lot acres
    OFF-MARKET
    Last Sale
    Nov 06, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0494736
    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.

    Current Use by Public Records

    • Banks

    Property Details for 1901 Us Hwy 1st 1

    Year built
    2008
    Construction
    CONCRETE BLOCKS
    Lot size
    0.74 lot acres
    Property size
    5,710 SF
    Zone code
    GENERAL CO
    Property type
    Banks
    APN
    2415-313-0005-020-2
    APU
    241531300050202

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3263
    Latitude
    27.429
    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
    $25,416
    $372,500
    $638,500
    $1,011,000
    -
    $372,500
    $638,500
    $1,011,000

    Comparable in this City

    • Value Estimation
      $29,240,000
      17,510 SF

      200 Indian Riv Dr

      FINANCIAL BUILDING • 17,510 SF
      200 Indian Riv Dr, Fort Pierce, FL 34950-4387
      View Details
    • Value Estimation by Request
      2,954 SF

      610 Delaware Ave

      FINANCIAL BUILDING • 2,954 SF
      610 Delaware Ave, Fort Pierce, FL 34950-8357
      View Details
    • Value Estimation by Request
      2,027 SF

      2470 Frist Blvd

      FINANCIAL BUILDING • 2,027 SF
      2470 Frist Blvd, Fort Pierce, FL 34950-4873
      View Details
    • Value Estimation
      $570,000
      11,818 SF

      2225 Us Hwy 1st 1

      FINANCIAL BUILDING • 11,818 SF
      2225 Us Hwy 1st 1, Fort Pierce, FL 34950
      View Details
    • Value Estimation
      $580,000
      13,262 SF

      501 Orange Ave

      FINANCIAL BUILDING • 13,262 SF
      501 Orange Ave, Fort Pierce, FL 34950-4278
      View Details
    • Value Estimation
      $745,000
      4,570 SF

      2317 Okeechobee Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,570 SF
      2317 Okeechobee Rd, Fort Pierce, FL 34950-6554
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • $4,000,000
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      Fort Pierce Retail Center - Prime Location

      Vacant 10,434 SF Grocery/Retail Building
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      Fort Pierce Commercial Property

      High-Traffic US1 Location, Multi-Tenant Income
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      Retail Space in Port St. Lucie

      Retail space available in a fast-growing Port St. Lucie location.
      7121 S Us Hwy 1 Hwy, Port St Lucie, FL 34950
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    • $424,000

      Waterfront Retail Space in Fort Pierce

      Prime retail space with waterfront views in downtown Fort Pierce.
      131 Melody 102 Ln, Fort Pierce, FL 34950
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      Freestanding Retail Building with Parking

      Retail store with high ceilings, parking, and flexible zoning.
      725 S Us Highway 1, Fort Pierce, FL 34950
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    Similar Nearby for Lease

    • Contact for pricing
      26,283 SF

      Freestanding Building with Drive-Thru Lanes

      Multi-story building with three drive-thru lanes on 1.83 acres.
      1600 S Us Highway 1, Fort Pierce, FL 34950
      View Details
    • $2,050 /Mo

      Retail/Office Space Near Downtown

      Available retail/office space with high visibility near downtown.
      601 Orange Ave, Fort Pierce, FL 34950
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    • $12 SF/Yr
      10,000 SF

      Retail Space in Historic Downtown

      Prime retail spaces available in historic downtown Fort Pierce.
      0000 2Nd St, Fort Pierce, FL 34950
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    • $275,000
      1,155 SF

      Fort Pierce Retail Investment Opportunity

      Commercial property with high visibility, convenient access, and redevelopment potential.
      1901 Orange Ave, Fort Pierce, FL 34950
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    • $15 SF/Yr
      1,760 SF

      Retail Space Near US1

      Retail units with frontage, high ceilings, and parking.
      301 Florida Ave, Fort Pierce, FL 34950
      View Details
    • $22 SF/Yr
      5,586 SF

      Downtown Fort Pierce Retail Condo

      Prime corner retail/office space in historic downtown Fort Pierce.
      130 South Indian River Dr, Fort Pierce, FL 34950
      View Details
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    Fort Pierce, FL 34950-5147
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    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
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