2501 Virginia Ave Fort Pierce, FL 34981-5588
Entity Owned
Free & Clear
Estimated value (blended)
$4.70M
Range $4.23M – $5.17M (±10%)
Implied cap rate
3.40%
In-place · NOI ÷ last sale
Property ID
US18-5980303
Property summary
AI-generated overview
This exceptional 0.85-acre commercial lot in Fort Pierce, Florida, presents a unique investment opportunity. Zoned for General Commercial use, this property boasts a site plan approval for a building up to 5,000 square feet, ideal for medical, professional office, or retail development. The 4,500 square foot lot, with dimensions of approximately 80ft x 65ft, offers ample space for a single tenant or can be easily divided to accommodate up to three tenants. Strategically located near I-95 and the Florida Turnpike, this property enjoys high visibility and accessibility on a major thoroughfare of the Treasure Coast. Its prime location is surrounded by key institutions including Indian River State College, St. Lucie County Administration, Lawnwood Regional Hospital, Bud Adams Federal Courthouse, St. Lucie County Seat, Treasure Coast Research Park, and the Port of Fort Pierce, ensuring a strong potential for tenant attraction and business growth. The asking price is $650,000, and the property's APN is 2420-111-0001-010-1. This is a rare chance to acquire a well-situated, approved commercial lot ready for immediate development in a thriving area. Don't miss this opportunity to build your vision in a high-demand location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
CONCRETE BLOCKS
Total area
13,714 SF
Lot
2.15 ac (93,654 SF)
Zoning code
GENERAL CO
APN
2420-111-0001-000-4
UPID
US18-5980303
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Atm
-
Pharmacy
-
Cinema (Bike/Boat/Book/etc) Store
-
Pharmacy
-
Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$4.70M
Owner & transaction history
since 2026
Last sale
$4.6M
4 recorded transactions
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Top alternative use upside
Restaurant
$6.4M
+129.6%
Auto repair, garage
$3.6M
+29.7%
Neighborhood: shopping center
$3.1M
+11.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.70M
Value range
$4.23M – $5.17M
±10% around blend
Estimated value / SF
$343 / SF
Confidence
None
2 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
20
$4.23M
blend $4.70M
$5.17M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,714 SF
Lot area
2.15 ac
Year built
1998
Stories
1
APN
2420-111-0001-000-4
Assessed value
$2,838,800
Annual tax
$71,339
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.00M
Weighted, 0 comps · none confidence
Evidence
2 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.70M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 63 sales
$202
+70%
County 63 sales
$202
+70%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $343/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+130%
vs current-use indication
Auto Repair, Garage
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 2 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
3.40%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.40%
9.0%
NOI (est.)
$324k *
Last sale · Apr 2021
$4.64M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.54M
Move the market yield to see immediate price impact.
Value / SF
$696
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.90%3.40%3.90%
$292k
$10.07M
$8.59M
$7.49M
$324k
$11.19M
$9.54M
$8.32M
$357k
$12.31M
$10.50M
$9.15M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
2 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$71,339
Tax year 2023
Assessed value
$2,838,800
Assessed 2023
Previous assessed
$2,838,800
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,873,100
Assessed improvement
$965,700
Land market value
$1,873,100
Improvement market value
$965,700
Total market value
$2,838,800
Applied tax rate
22.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
13,714 SF
Lot
2.15 ac (93,654 SF)
Zoning code
GENERAL CO
APN
2420-111-0001-000-4
UPID
US18-5980303
Jurisdiction
ST LUCIE
Zoning & alternative use
GENERAL CO · Fort Pierce, FLZoning GENERAL CO · permitted uses
GENERAL CO · Fort Pierce, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
3
Bathrooms
1
Lot
2.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GENERAL CO
Jurisdiction
Fort Pierce, FL
Recorded code
GENERAL CO
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GENERAL CO in Fort Pierce, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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