New search
Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Warehouses
2950 Aico Rd, Fort Pierce, FL 34945-1300
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7077298
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
METAL FRAME
Total area
6,270 SF
Lot
422.52 ac (18,405,145 SF)
Zoning code
AG-1
APN
1328-132-0025-000-7
UPID
US18-7077298
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
$520k
CAP Approach
CAP
$825k
Comparable Approach
Comparable
$521k
Blend (final)
Blend
$730k
Owner & transaction history
Florida Power & Light Co · 9 yrs held
Florida Power & Light Co
since 2016
4 recorded transactions
Zoning & alternative use
AG-1 · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+56.2%
Office building
$1.1M
+46.6%
Industrial (general)
$905,000
+18.8%
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
$520,000
CAP Approach
CAP Return
Estimation
6%
$895,000
6.5%
$825,000
7%
$765,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$760,000
Current use
MEDICAL BUILDING
$1,190,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$1,115,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$905,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$116 / 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
$58,783
Tax year 2023
Assessed value
$3,576,000
Assessed 2023
Previous assessed
$3,576,000
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$3,220,500
Assessed improvement
$355,500
Land market value
$3,220,500
Improvement market value
$355,500
Total market value
$3,576,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
6,270 SF
Lot
422.52 ac (18,405,145 SF)
Zoning code
AG-1
APN
1328-132-0025-000-7
UPID
US18-7077298
Jurisdiction
ST LUCIE
Zoning & alternative use
AG-1 · Fort Pierce, FL
Zoning AG-1 · permitted uses
AG-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$760,000
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$905,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2021
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
422.52 ac
Current owner
From public records · entity-resolved
Florida Power & Light Co
Entity
Free & Clear · 9 yrs held
Mailing address
700 UNIVERSE BLVD, JUNO BEACH, FL 33408-2657
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Aug 26, 2016
—
Florida Power & Light Co
Gray Sky Investments LLC
Grant Deed
—
Jun 27, 2016
$2,681,800
Gray Sky Investments LLC
Sunbreak Farms Horizon LLC
Grant Deed
—
Nov 18, 2015
$3,000,000
Sunbreak Farms LLC
Metropolitan Life Ins Co
Grant Deed
—
Nov 17, 2009
$2,696,000
Smith Ranch
Horizon Tree Farm Lc
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2950 Aico Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
