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

    40 Savannah Rd Fort Pierce, FL 34982

    • Distribution centers
    For Sale
    View listing
    $160,304
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8352306
    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

    • Distribution centers

    Property Details for 40 Savannah Rd

    Property type
    Distribution centers

    Description

    This exceptional investment opportunity presents four contiguous lots totaling over 24 acres of industrially zoned land in Fort Pierce, Florida. Located at 40 Savannah Rd, 34982, this property boasts convenient access to the city center and major expressways via Public Street and nearby railroad access. Priced at $160,304, or approximately $8 per square foot ($348,000 per acre), this represents a compelling value in a rapidly growing market. The land's strategic location makes it ideal for a variety of industrial uses, including materials handling facilities, warehousing, and industrial production. The property's size and connectivity offer significant potential for development and expansion. While the listed price reflects a compelling value, all information is deemed accurate but not guaranteed. Further details are available upon request. This is a rare opportunity to acquire a substantial land parcel in a thriving industrial area. Consider the potential for significant return on investment in this high-demand location. Additional lot listings (A11140681, A11141500, A11141477) may also be of interest.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St Lucie
    State
    Florida
    Longitude
    -80.3101684
    Latitude
    27.3646705

    Comparable in this City

    • $2,850,000
      8,960 SF

      Fort Pierce Industrial Redevelopment

      Prime US-1 location, multi-tenant warehouse.
      3361 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • New
      $230,000
      1,533 SF

      Fort Pierce Warehouse with Office

      1,035 SF warehouse with office space in Fort Pierce.
      3781 Oleander Ave, Fort Pierce, FL 34982
      View Details
    • $3,650,000
      30,558 SF

      Fort Pierce Industrial Warehouse Property

      Industrial/Warehouse property in Fort Pierce, totaling 30,558 square feet.
      3309 Oleander Ave, Fort Pierce, FL 34982
      View Details
    • $2,250,000
      4.40 Acres

      Commercial Property Near US #1

      Commercial property with shop building and CBS home near US #1.
      392 E Midway Rd, Fort Pierce, FL 34982
      View Details
    • $499,000
      0.76 Acres

      Fort Pierce Commercial Land

      0.76 Acres, High-Visibility Location
      395 Midway Rd, Fort Pierce, FL 34982
      View Details
    • $89,995
      0.45 Acres

      Spacious Buildable Lot Near Beach

      Large lot with frontage, ample space, and beach proximity.
      E Easy St, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Sale

    • $2,850,000
      8,960 SF

      Fort Pierce Industrial Redevelopment

      Prime US-1 location, multi-tenant warehouse.
      3361 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • New
      $230,000
      1,533 SF

      Fort Pierce Warehouse with Office

      1,035 SF warehouse with office space in Fort Pierce.
      3781 Oleander Ave, Fort Pierce, FL 34982
      View Details
    • $3,650,000
      30,558 SF

      Fort Pierce Industrial Warehouse Property

      Industrial/Warehouse property in Fort Pierce, totaling 30,558 square feet.
      3309 Oleander Ave, Fort Pierce, FL 34982
      View Details
    • $2,250,000
      4.40 Acres

      Commercial Property Near US #1

      Commercial property with shop building and CBS home near US #1.
      392 E Midway Rd, Fort Pierce, FL 34982
      View Details
    • $160,000

      Fort Pierce Institutional Land

      0.69 Acres, Prime Investment
      943 Kanner Dr, Fort Pierce, FL 34982
      View Details
    • $550,000
      1,690 SF

      Fort Pierce Mixed-Use Property

      Prime .55-acre commercial property, two buildings.
      5009 Lace Ave, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      46,000 SF

      Fort Pierce Warehouse Complex

      Large Industrial Space Available - 46,000 SF
      1008 Bell Ave, Fort Pierce, FL 34982
      View Details
    • $12 SF/Yr
      4,240 SF

      Fort Pierce Industrial Warehouse

      4,240 SF Warehouse - Prime Location
      1200 Bell Ave, Fort Pierce, FL 34982
      View Details
    • $12 SF/Yr
      4,800 SF

      Light Industrial Warehouse For Lease

      Centrally located warehouse suitable for distribution, manufacturing, and storage.
      901-913 Edwards Rd, 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
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    40 Savannah Rd
    Fort Pierce, FL 34982
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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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