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    2635 Keen Rd Fort Pierce, FL 34946
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    Property profile & analytics

    2635 Keen Rd Fort Pierce, FL 34946

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    • Commercial real estate
    • 10,000.00 lot acres
    Off-Market
    Property ID
    US18-1264870
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Love Land Farms / Garden Center / Landscaping

    Property Details for 2635 Keen Rd

    Lot size
    10,000.00 lot acres
    Property type
    Commercial real estate
    APN
    1336-111-0006-000-8

    Description

    This exceptional 10,000-acre agricultural property presents a unique investment opportunity in rapidly growing St. Lucie County, Florida. Located in Fort Pierce at 2635 Keen Rd, 34946, this AG-1 zoned land offers diverse usage potential, including farming, recreational activities, or even a campsite or dog boarding facility. Its strategic location provides convenient access to I-95 and the Turnpike, ensuring seamless connectivity. The property boasts beautiful oak trees and is situated just five minutes from Treasure Coast International Airport (projected to commence commercial flights in April 2025), and a short 15-minute drive to downtown Fort Pierce and its beaches. The parcel's APN is 1336-111-0006-000-8. The asking price is $975,000. This land represents a significant investment in a high-demand area experiencing substantial growth, making it an attractive proposition for discerning buyers seeking a versatile and strategically located property. The property is being offered for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.382678067802
    Latitude
    27.481652455029

    Comparable in this City

    • Contact for pricing

      Development Powerhouse Near Airport

      43.59 acres near Treasure Coast International Airport.
      3032 N 25Th St, Fort Pierce, FL 34946
      View Details
    • $345,000
      2.38 Acres

      US1 Development Site in Fort Pierce

      High-visibility commercial land ideal for various business uses.
      3381 N Old Dixie Hwy, Fort Pierce, FL 34946
      View Details
    • $1,750,000

      Prime US #1 Development Site

      9.8 acres on US #1, General Commercial zoning.
      5000 N Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $320,000
      Pending

      Fort Pierce Development Site

      2.14-acre dual-zoned development site ideal for commercial uses.
      Fort Pierce, FL 34946
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Powerhouse Near Airport

      43.59 acres near Treasure Coast International Airport.
      3032 N 25Th St, Fort Pierce, FL 34946
      View Details
    • $345,000
      2.38 Acres

      US1 Development Site in Fort Pierce

      High-visibility commercial land ideal for various business uses.
      3381 N Old Dixie Hwy, Fort Pierce, FL 34946
      View Details
    • $1,750,000

      Prime US #1 Development Site

      9.8 acres on US #1, General Commercial zoning.
      5000 N Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $320,000
      Pending

      Fort Pierce Development Site

      2.14-acre dual-zoned development site ideal for commercial uses.
      Fort Pierce, FL 34946
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo

      Refreshed Three-Bedroom Home Available

      Move-in ready, updated 3-bedroom, 1-bath home for rent.
      2809 Jefferson Pkwy, Fort Pierce, FL 34946
      View Details
    • $1.93 SF/Yr
      21,019 SF

      Renovated Industrial Building with Fenced Yards

      Light industrial building with office space, overhead doors, fenced yards.
      2700 Industrial Avenue 3, Fort Pierce, FL 34946
      View Details
    • $1,000 /Mo
      8,385 SF

      Office Space in Harbortown Marina

      Office space for rent in Fort Pierce, approximately 300sqft.
      2010 Harbortown Dr W, Fort Pierce, FL 34946
      View Details
    • $1,500 /Mo

      Office with Marina View

      Office space with marina view and ample parking.
      2010 Harbortown Dr, Fort Pierce, FL 34946
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Fort Pierce

      Retail space available in redeveloped community center with high visibility.
      1851-1889 N Us Highway 1, Fort Pierce, FL 34946
      View Details
    • $1,000 /Mo

      Harbortown Marina Office Space

      Office space for rent in Harbortown Marina, Ft. Pierce.
      2010 Harbortown Dr W, Fort Pierce, FL 34946
      View Details
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    2635 Keen Rd
    Fort Pierce, FL 34946
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2635 Keen Rd, Fort Pierce, FL, 34946
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