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Property profile & analytics
FOR SALE
Turn key restaurants
2455 W Midway Rd, Fort Pierce, FL 34981
Entity Owned
~
Est. High Equity
Property ID
US18-0154882
For Sale
1 / 4
$649,000
2455 W Midway Rd, Fort Pierce, FL 34981
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Property summary
AI-generated overview
This exceptional investment opportunity presents a 1,200 square foot free-standing restaurant building in Fort Pierce, Florida, situated on a half-acre lot. Currently operating under a three-year lease, this property offers significant potential. The building, constructed in 1990, features prominent street frontage enhanced by a visible pole sign, ensuring high visibility. The restaurant space includes both indoor and outdoor seating areas, along with a convenient drive-through for added customer convenience. A fully equipped commercial kitchen is included, complete with a grease trap and hood system. The property is zoned Comm Neigh (SLC) and has a St. Lucie County APN of 3403-502-0096-020-2. The asking price is $725,000, translating to $604.17 per square foot. Further development potential exists
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Construction
CONCRETE BLOCKS
Total area
1,200 SF
Lot
0.48 ac (20,909 SF)
Zoning code
COMM NEIGH
APN
3403-502-0096-020-2
UPID
US18-0154882
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
-
Hungry Howie's Pizza Restaurant
-
DB's Pizza Restaurant
-
6 Guys Pizza Pies Restaurant
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
Santos Hospitality Group LLC
Santos Hospitality Group LLC
since 2025
Last sale
$235,000
4 recorded transactions
Zoning & alternative use
COMM NEIGH · 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
Tax billed
$2,931
Tax year 2023
Assessed value
$198,900
Assessed 2023
Previous assessed
$114,600
+73.6% YoY
Effective rate
1.47%
On assessed value
Assessed land
$125,500
Assessed improvement
$73,400
Land market value
$125,500
Improvement market value
$73,400
Total market value
$198,900
Applied tax rate
2.0000
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
For Sale
Year built
1990
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
1,200 SF
Lot
0.48 ac (20,909 SF)
Zoning code
COMM NEIGH
APN
3403-502-0096-020-2
UPID
US18-0154882
Jurisdiction
ST LUCIE
Zoning & alternative use
COMM NEIGH · Fort Pierce, FL
Zoning COMM NEIGH · permitted uses
COMM NEIGH · 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
1990
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Santos Hospitality Group LLC
Entity
Mailing address
5271 NW EVER RD, PORT ST LUCIE, FL 34983-1409
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2025
$608,800
Santos Hospitality Group LLC
Florida Organization Db LLC
Warranty Deed
$670,000 · Dogwood State Bank
Aug 16, 2022
—
Florida Organization Db LLC
—
Deed
related
$75,000 · Marine Bank & Trust Company
Dec 10, 2021
$235,000
Florida Organization Db LLC
C & S Properties And Management LLC
Warranty Deed
$152,750 · Marine Bank & Trust Company
Jan 6, 2011
—
G & S Properties & Mgmt LLC
Cormier,guy A & Sarah A
Warranty 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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