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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
2500 Rhode Is Ave Fort Pierce, FL 34947-4771
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1998904
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
CONCRETE BLOCKS
Total area
3,600 SF
Lot
0.31 ac (13,662 SF)
Zoning code
OFFICE CO
APN
2417-803-0096-000-0
UPID
US18-1998904
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
-
Jeffrey H. Garland, P.A. Law Firm
-
Sports Pain Spinal Rehabilitation Physician
-
Dr. Mukesh D Bhatt Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$560k
Owner & transaction history
2500 Rhode Island Realty LLC · 3 yrs held
2500 Rhode Island Realty LLC
since 2022
3 recorded transactions
Zoning & alternative use
OFFICE CO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$815,000
+26.7%
Retail stores
$725,000
+13.3%
Medical building
$685,000
+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%
$810,000
6.5%
$745,000
7%
$695,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$725,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$685,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$156 / 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
$12,727
Tax year 2023
Assessed value
$505,000
Assessed 2023
Previous assessed
$505,000
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$56,800
Assessed improvement
$448,200
Land market value
$56,800
Improvement market value
$448,200
Total market value
$505,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
7
Bathrooms
1
Total area
3,600 SF
Lot
0.31 ac (13,662 SF)
Zoning code
OFFICE CO
APN
2417-803-0096-000-0
UPID
US18-1998904
Jurisdiction
ST LUCIE
Zoning & alternative use
OFFICE CO · Fort Pierce, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
RETAIL STORES
Est. value
$725,000
MEDICAL BUILDING
Est. value
$685,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
2500 Rhode Island Realty LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7355 COMMERCIAL CIR #7, FORT PIERCE, FL 34951-4117
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$510,000
2500 Rhode Island Realty LLC
2500 Rhode Island LLC
Warranty Deed
—
Mar 17, 2016
$258,500
2500 Rhode Island LLC
Fimian,john M & Kathy L
Warranty Deed
$206,800 · Centerstate Bk/fl
Mar 22, 2004
$360,000
John M Fimian
Desai,sureshchandra N & Angeline C
Grant Deed
—
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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