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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Medical Office Space
2402 Frist Blvd Ste 101 Fort Pierce, FL 34950-4838
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6080706
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
CONCRETE BLOCKS
Total area
3,900 SF
Lot
0.02 ac (999 SF)
Zoning code
OFFICE CO
APN
2416-608-0002-000-3
UPID
US18-6080706
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
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$910k
Owner & transaction history
FRIST PROPERTY HOLDINGS LLC
FRIST PROPERTY HOLDINGS LLC
Zoning & alternative use
OFFICE CO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+44.5%
Auto repair, garage
$1.0M
+38.0%
Neighborhood: shopping center
$880,000
+19.0%
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%
$880,000
6.5%
$810,000
7%
$755,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$740,000
Current use
OFFICE BUILDING
$1,070,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,020,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$615,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$233 / 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
$12,631
Tax year 2023
Assessed value
$507,000
Assessed 2023
Previous assessed
$527,300
-3.8% YoY
Effective rate
2.49%
On assessed value
Assessed improvement
$507,000
Improvement market value
$507,000
Total market value
$507,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
3,900 SF
Lot
0.02 ac (999 SF)
Zoning code
OFFICE CO
APN
2416-608-0002-000-3
UPID
US18-6080706
Jurisdiction
ST LUCIE
Zoning & alternative use
OFFICE CO · Fort Pierce, FL
Zoning OFFICE CO · permitted uses
OFFICE 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
MEDICAL BUILDING Current
Est. value
$740,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
RETAIL STORES
Est. value
$615,000
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2008
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
FRIST PROPERTY HOLDINGS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
140 SW CHAMBER CT STE #200, PORT ST LUCIE, FL 34986-3414
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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