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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3625 Us Hwy 1st 1 Fort Pierce, FL 34982-6617

    • Hotels
    • 1,511 SF
    • 1.51 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2022
    $1,650,000
    Value Estimations
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5251789
    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.

    Current Use by Public Records

    • Hotels

    Property Details for 3625 Us Hwy 1st 1

    Year built
    1955
    Construction
    CONCRETE BLOCKS
    Lot size
    1.51 lot acres
    Property size
    1,511 SF
    Zone code
    GENERAL CO
    Property type
    Hotels
    Property subtype
    Motels
    APN
    2434-601-0026-000-2
    APU
    243460100260002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,700,000
      ML approach
      $1,640,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3265
    Latitude
    27.3937
    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
    $34,461
    $388,800
    $995,700
    $1,384,500
    -
    $388,800
    $995,700
    $1,384,500

    Comparable in this City

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

      3236 Us Hwy 1st 1

      HOTEL/MOTEL • 23,418 SF
      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 • 10,941 SF
      2601 Us Hwy 1st 1, Fort Pierce, FL 34982-5929
      View Details
    • Value Estimation
      $1,370,000
      15,606 SF

      3224 Us Hwy 1st 1

      HOTEL/MOTEL • 15,606 SF
      3224 Us Hwy 1st 1, Fort Pierce, FL 34982-6339
      View Details
    • Value Estimation by Request
      5,546 SF

      3425 Us Hwy 1st 1

      HOTEL/MOTEL • 5,546 SF
      3425 Us Hwy 1st 1, Fort Pierce, FL 34982-6613
      View Details
    • Value Estimation by Request

      943 Kanner Dr

      Specialty properties
      943 Kanner Dr, Fort Pierce, FL 34982
      View Details
    • Value Estimation by Request
      0.76 Acres

      395 Midway Rd

      Land • 0.76 Acres
      395 Midway Rd, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Sale

    • $500,000
      0.69 Acres

      Midway Road Commercial Land

      Prime Fort Pierce Development Site
      0 Midway Rd, Fort Pierce, FL 34982
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    • $1,900,000
      4.75 Acres

      Fort Pierce Self-Storage Land

      4.75 Acres, Site Plan Approved
      4850 Us Highway 1, Fort Pierce, FL 34982
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    • $1,800,000
      3.57 Acres

      Fort Pierce Commercial Land

      3.57 Acres, High-Traffic Location
      3450 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $2,600,000
      7.00 Acres

      7-Acre Multifamily Development Site

      Prime 7-acre lot, 74-unit approval.
      0 Weatherbee Rd, Fort Pierce, FL 34982
      View Details
    • $649,000
      1,200 SF

      Restaurant Building with Drive-Through

      Standalone restaurant with lease, drive-through, and redevelopment potential.
      2455 W Midway Rd, Fort Pierce, FL 34982
      View Details
    • $499,000

      Commercial Land For Sale

      Prime commercial land with high visibility in growing area.
      395 E Midway Rd, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Lease

    • $37 SF/Yr
      4,840 SF

      Fort Pierce Retail Space For Sale

      Prime 4,840 SF Retail Building in FL
      4403 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $1,650 /Mo

      Fort Pierce Flex Space Unit

      Renovated flex space ideal for manufacturing, assembly, or storage.
      3731 Oleander 107, Fort Pierce, FL 34982
      View Details
    • $10 SF/Yr
      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
    • $10 SF/Yr
      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
    • $1,590 /Mo
      15,050 SF

      Fort Pierce Industrial Space Available

      Industrial/warehouse space suitable for catering or ghost kitchen business.
      408 Farmers Market Rd, 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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    3625 Us Hwy 1st 1
    Fort Pierce, FL 34982-6617
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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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