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Property profile & analytics
OFF-MARKET
Turn key restaurants
2400 Ocean Dr, Fort Pierce, FL 34949-8018
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5293604
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Construction
CONCRETE BLOCKS
Total area
14,425 SF
Lot
2.09 ac (91,040 SF)
Zoning code
HI MEDIUM
APN
2507-343-0005-000-1
UPID
US18-5293604
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
-
Carol H Burley Anesthesia Medical Clinic
-
MyAccountingDepartment.org Accounting Firm Tax Preparation
-
Coldwell Banker Paradise - Ocean Village Sales & Rentals Real Estate Agency
-
FL Beach Resort at Golf Villas on Hutchinson Island, Ft. Pierce, FL Hotel & Motel Resort
-
Salty Breezes Vacation Rental Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jose Manuel Mendez · 3 yrs held
Jose Manuel Mendez
since 2022
Last sale
$190,000
5 recorded transactions
Zoning & alternative use
HI MEDIUM · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$4,559,900
Assessed 2023
Previous assessed
$4,559,900
+0.0% YoY
Assessed land
$4,552,000
Assessed improvement
$7,900
Land market value
$4,552,000
Improvement market value
$7,900
Total market value
$4,559,900
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
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
1975
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
3
Total area
14,425 SF
Lot
2.09 ac (91,040 SF)
Zoning code
HI MEDIUM
APN
2507-343-0005-000-1
UPID
US18-5293604
Jurisdiction
ST LUCIE
Zoning & alternative use
HI MEDIUM · Fort Pierce, FL
Zoning HI MEDIUM · permitted uses
HI MEDIUM · 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
1975
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
3
Lot
2.09 ac
Current owner
From public records · entity-resolved
Jose Manuel Mendez
Individual
Mailing address
2400 S OCEAN DR, FORT PIERCE, FL 34949-8018
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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 8, 2022
$305,000
Jose Manuel Mendez
Richard D Pals
Warranty Deed
$270,000 · Coast One Mortgage LLC
Oct 28, 2022
—
Brian W Pratt
—
Deed
related
$105,000 · Webster First FCU
Feb 12, 2021
$190,000
Jose L Lopez
Richard P Bottone
Warranty Deed
$142,500 · Caliber Home Loans INC
Jul 28, 2004
$320,000
Deborah P Goldstein
Rcr Development Co LLC
Grant Deed
$256,000 · Countrywide Home Loans INC
Jan 12, 2004
$277,500
Ruby R Ballesca
Rcr Development Co INC
Grant Deed
$135,000 · Wachovia Mortgage Co
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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