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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
2624 Us Hwy 1st 1 Fort Pierce, FL 34982-5997
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-1759073
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1999
Construction
CONCRETE BLOCKS
Total area
2,320 SF
Lot
0.49 ac (21,500 SF)
Zoning code
GENERAL CO
APN
2422-601-0015-010-8
UPID
US18-1759073
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
$555k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$575k
Owner & transaction history
Geriseb Pl · 3 yrs held
Geriseb Pl
since 2023
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$680,000
+64.4%
Neighborhood: shopping center
$525,000
+26.7%
Retail stores
$470,000
+13.3%
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
$550,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$415,000
Current use
AUTO REPAIR, GARAGE
$680,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$470,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$440,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $700k (Apr 3 2023)
Last sale anchor
$700k
Apr 3 2023
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
$248 / 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
$14,547
Tax year 2023
Assessed value
$574,100
Assessed 2023
Previous assessed
$272,250
+110.9% YoY
Effective rate
2.53%
On assessed value
Assessed land
$247,300
Assessed improvement
$326,800
Land market value
$247,300
Improvement market value
$326,800
Total market value
$574,100
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1999
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
2,320 SF
Lot
0.49 ac (21,500 SF)
Zoning code
GENERAL CO
APN
2422-601-0015-010-8
UPID
US18-1759073
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$415,000
AUTO REPAIR, GARAGE
Est. value
$680,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
RETAIL STORES
Est. value
$470,000
MEDICAL BUILDING
Est. value
$440,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1999
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Geriseb Pl
Individual
Mailing address
2624 S US HWY 1ST 1, FORT PIERCE, FL 34982-5997
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
$700,000
Geriseb Pl
Randall Finley
Warranty Deed
—
Mar 28, 2022
$600,000
Randall Finley
Chomes LLC
Warranty Deed
—
Nov 10, 2011
$255,000
Chomes LLC
Wells Fargo Bk NA
Warranty Deed
$204,000 · Seacoast National Bank
Mar 10, 2011
—
Fargo Bk NA Wells
Deecos Auto Sales INC Coc
Trustees Deed
related
—
Mar 19, 1997
$90,000
Dennis H Porcelli
Hancock,laura B
Grant Deed
—
—
—
Chomes LLC
—
Deed Of Trust
related
$286,000 · Bank Of America
—
—
Dennis H Porcelli
—
Deed Of Trust
related
$90,000 · Riverside National Bank
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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