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Property profile & analytics
FOR SALE
Office buildings
221 S Ocean Dr A, Fort Pierce, FL 34949
Individually Owned
9-yr Hold
Free & Clear
Property ID
US18-9640652
For Sale
1 / 14
$565,000
221 S Ocean Dr,Unit A, Fort Pierce, FL 34949
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Construction
CONCRETE BLOCKS
Total area
4,500 SF
Lot
0.34 ac (15,000 SF)
Zoning code
TOURIST CO
APN
2401-501-0089-000-2
UPID
US18-9640652
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
-
Ryen Marine Insurance Group, Inc. Insurance Agency
-
Coldwell Banker Paradise Real Estate Real Estate Agency
-
linda nelson, realtor Real Estate Agency
-
Jelena Djomina Realtor/ Coldwell Banker Paradise Real Estate Agency
-
Lisa Cataline, Coldwell Banker Paradise Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$573k
Blend (final)
Blend
$565k
Owner & transaction history
Margaret A Murphy · 9 yrs held
Margaret A Murphy
since 2017
2 recorded transactions
Zoning & alternative use
TOURIST CO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$910,000
+13.3%
Medical building
$855,000
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$800,000
Current use
RETAIL STORES
$910,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$855,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$126 / 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
$11,788
Tax year 2023
Assessed value
$483,400
Assessed 2023
Previous assessed
$422,900
+14.3% YoY
Effective rate
2.44%
On assessed value
Assessed land
$375,000
Assessed improvement
$108,400
Land market value
$375,000
Improvement market value
$108,400
Total market value
$483,400
Applied tax rate
9,022.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Year built
1984
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
2
Rooms
7
Bathrooms
1
Total area
4,500 SF
Lot
0.34 ac (15,000 SF)
Zoning code
TOURIST CO
APN
2401-501-0089-000-2
UPID
US18-9640652
Jurisdiction
ST LUCIE
Zoning & alternative use
TOURIST CO · Fort Pierce, FL
Zoning TOURIST CO · permitted uses
TOURIST 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
$800,000
RETAIL STORES
Est. value
$910,000
MEDICAL BUILDING
Est. value
$855,000
OFFICE BUILDING Current
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
1984
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Rooms
7
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Margaret A Murphy
Individual
Free & Clear · 9 yrs held
Mailing address
2400 S OCEAN DR APT 4200D, FORT PIERCE, FL 34949-8002
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2017
—
Margaret A Murphy
Haluska Margaret M Trust
Quit Claim Deed
—
Sep 19, 2005
—
Murphy Hoyt C Trust
Murphy Hoyt C Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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