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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Turn key restaurants
2040 Us Hwy 1st 1 Fort Pierce, FL 34950-5150
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-3574370
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,262 SF
Lot
0.48 ac (20,800 SF)
Zoning code
GENERAL CO
APN
2415-341-0003-000-9
UPID
US18-3574370
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$640k
Owner & transaction history
Mohammed Nasser · 2 yrs held
Mohammed Nasser
since 2024
Last sale
$637,500
5 recorded transactions
Zoning & alternative use
GENERAL CO · 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
$640,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $638k (May 14 2024)
Last sale anchor
$638k
May 14 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
$507 / 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
$6,254
Tax year 2023
Assessed value
$281,000
Assessed 2023
Previous assessed
$281,000
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$239,200
Assessed improvement
$41,800
Land market value
$239,200
Improvement market value
$41,800
Total market value
$281,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
1,262 SF
Lot
0.48 ac (20,800 SF)
Zoning code
GENERAL CO
APN
2415-341-0003-000-9
UPID
US18-3574370
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.
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Mohammed Nasser
Individual
Free & Clear · 2 yrs held
Mailing address
1007 SALMON ISLE, GREENACRES, FL 33413-3019
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
May 14, 2024
$637,500
Mohammed Nasser
Ernie Sao
Warranty Deed
—
May 2, 2024
—
Ernie Sao
Donut Circus LLC
Warranty Deed
—
Dec 5, 2014
$190,000
Donut Circus LLC
Gomeric LLC
Grant Deed
$190,000 · Gomeric LLC
Apr 12, 2012
—
Gomeric LLC
Montgomery M R Trust 2415
Quit Claim Deed
—
Jul 24, 2009
—
Montgomery Mark R Trust 2415
Montgomery,mark R
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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