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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Manufacturing properties
2304 Us Hwy 1st 1, Fort Pierce, FL 34946-8915
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0041549
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Construction
CONCRETE BLOCKS
Total area
5,840 SF
Lot
1.43 ac (62,500 SF)
Zoning code
C - VG
APN
1433-131-0020-000-2
UPID
US19-0041549
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
$800k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$800k
Owner & transaction history
Action Energy Services LLC · 4 yrs held
Action Energy Services LLC
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
C - VG · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+78.9%
Retail stores
$1.2M
+60.0%
Medical building
$1.1M
+50.3%
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
$810,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$735,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,320,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$1,180,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$1,110,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$1,040,000
Change: +41% · Conversion: Difficult
WAREHOUSE, STORAGE
$710,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Oct 15 2021)
Last sale anchor
$800k
Oct 15 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
$137 / 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
$9,897
Tax year 2023
Assessed value
$513,300
Assessed 2023
Previous assessed
$753,000
-31.8% YoY
Effective rate
1.93%
On assessed value
Assessed land
$471,600
Assessed improvement
$41,700
Land market value
$471,600
Improvement market value
$41,700
Total market value
$513,300
Applied tax rate
9.0000
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
5,840 SF
Lot
1.43 ac (62,500 SF)
Zoning code
C - VG
APN
1433-131-0020-000-2
UPID
US19-0041549
Jurisdiction
ST LUCIE
Zoning & alternative use
C - VG · Fort Pierce, FL
Zoning C - VG · permitted uses
C - VG · 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
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$710,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
1972
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Action Energy Services LLC
Entity
Mailing address
5260 TREE TOP TRL, FORT PIERCE, FL 34951-3549
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$800,000
Action Energy Services LLC
Steve Deese
Warranty Deed
$680,000 · Ithink Financial Cu
Sep 9, 2020
$549,900
Steve Deese
Joe Carmakal
Warranty Deed
—
Feb 18, 2019
$100
Joe Carmakal
Carmakal,charles & Julie
Warranty Deed
—
May 22, 2009
—
Charles Carmakal
Carmakal,joe
Quit Claim Deed
related
—
May 12, 2009
—
Joe Carmakal
Clerk Of Circuit Ct/st Lucie Cnty
Trustees Deed
related
—
Sep 8, 2005
$800,000
2304 North Us Highway 1 Trust
Carmakal,joe
Warranty Deed
$699,999 · Joe Carmakal
—
—
2304 North Us Hwy 1 Land Trust
—
Deed Of Trust
related
$45,000 · William Lechtner
—
—
Jamal M Asfour
—
Deed Of Trust
related
$115,994 · First Union Nat'l Bank Florida
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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