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    3000 Okeechobee Rd Fort Pierce, FL 34947
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    3000 Okeechobee Rd Fort Pierce, FL 34947

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    • Residential land & home lots
    Off-Market
    Property ID
    US18-7480113
    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

    • Residential land & home lots

    Property Details for 3000 Okeechobee Rd

    Property type
    Residential land & home lots

    Description

    Incredible opportunity for builder or Investor !! The site plan is approved for 112 apartments on 6.75 acres with 516 Feet of frontage on Okeechobee Rd in Fort Pierce. Explosive growth in Fort Pierce is bringing more Professionals to the area every day. The Site is conveniently located 3 miles east of St Lucie County's research park and less than 2 miles from City, County, and Federal Government buildings. The Site is 3 miles east of I-95 and Turnpike,2.5 miles to Indian River Lagoon's Beautiful Marinas, and Fort Pierce's vibrant Downtown, and 4 Miles to The beach on Hutchinson Island

    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
    -80.3547353
    Latitude
    27.4341725

    Comparable in this City

    • $50,000
      32.00 Acres

      Fort Pierce Land Opportunity

      Two contiguous lots, over 1/4 acre, ready for development.
      Fort Pierce, FL 34947
      View Details
    • $275,000
      1.57 Acres

      Fort Pierce Cleared Land Parcels

      Cleared land parcels in established neighborhood, close to conveniences.
      Hemlock Cir, Fort Pierce, FL 34947
      View Details
    • $3,700,000
      9.95 Acres

      Entitled Land Parcel For Development

      9.95 acres entitled for 144 units in Fort Pierce.
      100 Misty Ln, Fort Pierce, FL 34947
      View Details
    • $65,000
      0.29 Acres

      Cleared Land in Fort Pierce

      Cleared land parcel suitable for building a custom single-family residence.
      Hemlock Cir, Fort Pierce, FL 34947
      View Details
    • $65,000
      0.27 Acres

      Residential Land in Fort Pierce

      Cleared land parcel for custom single-family residence.
      Hemlock Cir, Fort Pierce, FL 34947
      View Details
    • $76,000

      Residential Land in Fort Pierce

      Land for sale near I-95 and Downtown Fort Pierce.
      49 N 49Th St, Fort Pierce, FL 34947
      View Details

    Similar Nearby for Sale

    • $50,000
      32.00 Acres

      Fort Pierce Land Opportunity

      Two contiguous lots, over 1/4 acre, ready for development.
      Fort Pierce, FL 34947
      View Details
    • $275,000
      1.57 Acres

      Fort Pierce Cleared Land Parcels

      Cleared land parcels in established neighborhood, close to conveniences.
      Hemlock Cir, Fort Pierce, FL 34947
      View Details
    • $3,700,000
      9.95 Acres

      Entitled Land Parcel For Development

      9.95 acres entitled for 144 units in Fort Pierce.
      100 Misty Ln, Fort Pierce, FL 34947
      View Details
    • $65,000
      0.29 Acres

      Cleared Land in Fort Pierce

      Cleared land parcel suitable for building a custom single-family residence.
      Hemlock Cir, Fort Pierce, FL 34947
      View Details
    • $65,000
      0.27 Acres

      Residential Land in Fort Pierce

      Cleared land parcel for custom single-family residence.
      Hemlock Cir, Fort Pierce, FL 34947
      View Details
    • $76,000

      Residential Land in Fort Pierce

      Land for sale near I-95 and Downtown Fort Pierce.
      49 N 49Th St, Fort Pierce, FL 34947
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Vacant Land Build to Suit

      0.49 AC vacant land, commercial office zoning, development options.
      Orange Ave, Fort Pierce, FL 34947
      View Details
    • $3,000 /Mo

      Industrial Yard For Lease

      0.4 acre industrial yard with three-phase power for lease.
      920 Angle Rd, Fort Pierce, FL 34947
      View Details
    • $1.00 SF/Yr

      5.5 Acre Commercial General Lot

      5.5 acre commercial lot suitable for various uses.
      5501 Orange Ave, Fort Pierce, FL 34947
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    • $1.00 SF/Yr
      239,580 SF

      5.5 Acre Commercial Lot

      5.5 acre commercial lot for lease in Fort Pierce.
      5501 Orange Ave, Fort Pierce, FL 34947
      View Details
    • Contact for pricing

      Office Space Near Medical Center

      Office space available across from Lawnwood Regional Medical Center.
      1903 S 25Th St, Fort Pierce, FL 34947
      View Details
    • $14 SF/Yr
      3,000 SF

      Warehouse Space for Rent

      3,000 sqft warehouse space with easy highway access.
      517 S 33Rd St, Fort Pierce, FL 34947
      View Details
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    3000 Okeechobee Rd
    Fort Pierce, FL 34947
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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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