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    3224 Us Hwy 1st 1 Fort Pierce, FL 34982-6339
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    Property profile & analytics

    3224 Us Hwy 1st 1, Fort Pierce, FL 34982-6339

    View on Map
    • Hotels
    • 15,606 SF
    • 5.51 lot acres
    Off-Market
    Property ID
    US18-6065582
    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
    $1,370,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 3224 Us Hwy 1st 1

    Year built
    1975
    Construction
    CONCRETE BLOCKS
    Lot size
    5.51 lot acres
    Zone code
    GENERAL CO
    Property type
    Hotels
    Property subtype
    Motels
    APN
    2427-123-0015-000-3
    APU
    242712300150003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 23, 2007 — Deva Matha Investment Grp LLC — Trustees Deed · related $5.7M · United Central Bank
    Nov 4, 2005 $2,500,000 St Marys Hospitality Group Ll Ft Pierce Ents INC Grant Deed —
    Jun 11, 1998 — Ft Pierce Enterprises INC — Grant Deed · related $1.5M · Money Store Commercial Mtg
    — — Fort Pierce Enterprises INC — Deed Of Trust · related $250k · Southpoint LP
    — — St Marys Hospitality Group Ll — Deed Of Trust · related $2.5M · Liberty Life Insurance Co
    — — St Marys Hospitality Group Ll — Deed Of Trust · related $3M · Miscellaneous Ins Co
    — — Fort Pierce Enterprises INC — Deed Of Trust · related $230k · Leader Financial Corp
    — — Deva Matha Inv Group LLC — Deed Of Trust · related $218k · United Central Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,435,000
      6.5%
      $1,325,000
      7%
      $1,230,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $985,000
      Current use
      MEDICAL BUILDING
      $2,280,000
      Change: +132% Conversion: Difficult
      OFFICE BUILDING
      $1,860,000
      Change: +90% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,785,000
      Change: +82% Conversion: Difficult
      RESTAURANT
      $1,730,000
      Change: +76% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,620,000
      Change: +65% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,525,000
      Change: +55% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,390,000
      Change: +41% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3244
    Latitude
    27.407
    CBSA code
    38940
    CBSA name
    PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $85,177
    $736,900
    $5,596,500
    $6,333,400
    -
    $736,900
    $5,596,500
    $6,333,400

    Comparable in this City

    • Value Estimation
      $1,050,000
      23,418 SF

      3236 Us Hwy 1st 1

      HOTEL/MOTEL
      3236 Us Hwy 1st 1, Fort Pierce, FL 34982-6339
      View Details
    • Value Estimation
      $1,990,000
      10,941 SF

      2601 Us Hwy 1st 1

      HOTEL/MOTEL
      2601 Us Hwy 1st 1, Fort Pierce, FL 34982-5929
      View Details
    • Value Estimation
      $1,660,000
      1,511 SF

      3625 Us Hwy 1st 1

      HOTEL/MOTEL
      3625 Us Hwy 1st 1, Fort Pierce, FL 34982-6617
      View Details
    • Value Estimation by Request
      5,546 SF

      3425 Us Hwy 1st 1

      HOTEL/MOTEL
      3425 Us Hwy 1st 1, Fort Pierce, FL 34982-6613
      View Details
    • Value Estimation by Request
      4.75 Acres

      4850 Us Highway 1

      Land
      4850 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • Value Estimation by Request
      0.23 Acres

      Enterprise Rd

      INDUSTRIAL (GENERAL)
      Enterprise Rd, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,367 SF

      Freestanding Restaurant Building For Sale

      Freestanding restaurant with drive-thru on US Hwy 1.
      2716 S Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $49,000
      0.23 Acres

      Fort Pierce Land For Sale

      Residential land in Fort Pierce, suitable for single-family home.
      3108 Duban Ter, Fort Pierce, FL 34982
      View Details
    • $230,000

      Warehouse with Office in Fort Pierce

      1,035 SF warehouse with office space for sale.
      3781 Oleander Ave, Fort Pierce, FL 34982
      View Details
    • $164,900
      0.24 Acres

      Prime Commercial Parcel on Midway

      High-visibility commercial land parcel in a rapidly growing area.
      393 E Midway Rd, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      New Warehouse Space For Lease

      Newly constructed warehouse space with easy access to major roads.
      4003 Oleander Ave, Fort Pierce, FL 34982
      View Details
    • Contact for pricing
      59,332 SF

      Fort Pierce Packing Plant

      Food safety accredited packing plant with cold storage for lease.
      3500 Enterprise Rd, Fort Pierce, FL 34982
      View Details
    • Contact for pricing
      3,582 SF

      Retail Space For Rent

      Retail space available for rent in Fort Pierce, Florida.
      4901 S Us Highway 1, Fort Pierce, FL 34982
      View Details
    • Contact for pricing

      4403 S Us Highway 1 # C, Fort Pierce, FL 34982

      Showrooms
      4403 S Us Highway 1, Fort Pierce, FL 34982
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Sabal Palm Plaza

      Retail space for lease in Fort Pierce, Florida.
      2401-2587 S Us Highway 1, Fort Pierce, FL 34982
      View Details
    • Contact for pricing
      1,890 SF

      Retail Space with Drive-Thru Potential

      Retail opportunity with drive-thru potential in Fort Pierce, Florida.
      3810 S Us Highway 1, Fort Pierce, FL 34982
      View Details
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    Fort Pierce, FL 34982-6339
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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.

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