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Property profile & analytics
FOR LEASE
Warehouses
2nd St, Fort Pierce, FL 34950
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-7389525
For Lease
1 / 2
$12 SF/Yr
2nd St, Fort Pierce, FL 34950
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD (JUNK, SALVAGE)
Lot
3.36 ac (146,535 SF)
Zoning code
PLANNED UN
APN
2403-213-0001-000-4
UPID
US18-7389525
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
$4.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.50M
Owner & transaction history
Destin Beach INC · 1 yrs held
Destin Beach INC
since 2024
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
PLANNED UN · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,500,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (Sep 25 2024)
Last sale anchor
$4.50M
Sep 25 2024
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
—
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
$35,728
Tax year 2023
Assessed value
$1,947,800
Assessed 2023
Previous assessed
$1,947,800
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$1,758,400
Assessed improvement
$189,400
Land market value
$1,758,400
Improvement market value
$189,400
Total market value
$1,947,800
Applied tax rate
9,022.0000
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
STORAGE YARD (JUNK, SALVAGE)
Status
For Lease
Heating
NONE
Lot
3.36 ac (146,535 SF)
Zoning code
PLANNED UN
APN
2403-213-0001-000-4
UPID
US18-7389525
Jurisdiction
ST LUCIE
Zoning & alternative use
PLANNED UN · Fort Pierce, FL
Zoning PLANNED UN · permitted uses
PLANNED UN · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
3.36 ac
Current owner
From public records · entity-resolved
Destin Beach INC
Entity
Free & Clear · 1 yrs held
Mailing address
2300 VIRGINIA AVE E UNIT B, FORT PIERCE, FL 34982-5632
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 25, 2024
$4,400,000
Destin Beach INC
St Lucie County
Deed
—
Sep 25, 2024
$4,500,000
St Lucie County
Destin Beach INC
Special Warranty Deed
—
Sep 25, 2024
—
St Lucie County
Destin Beach INC
Correction Deed
related
—
Jan 18, 2018
$3,000,000
St Lucie Cnty
King,dean O
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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