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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Turn key restaurants
402 Hernando St, Fort Pierce, FL 34949-3243
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-0877522
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1948
Construction
WOOD
Total area
4,703 SF
Lot
1.27 ac (55,136 SF)
Zoning code
TOURIST CO
APN
2401-502-0037-000-6
UPID
US18-0877522
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.15M
Owner & transaction history
401 S Ocean Drive LLC
401 S Ocean Drive LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
TOURIST CO · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±10% · vs last sale $2.00M (Jul 6 2025)
Last sale anchor
$2.00M
Jul 6 2025
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
$456 / SF
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
$30,572
Tax year 2023
Assessed value
$1,703,800
Assessed 2023
Previous assessed
$958,197
+77.8% YoY
Effective rate
1.79%
On assessed value
Assessed land
$896,000
Assessed improvement
$807,800
Land market value
$896,000
Improvement market value
$807,800
Total market value
$1,703,800
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
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Units
1
Rooms
3
Bathrooms
4
Total area
4,703 SF
Lot
1.27 ac (55,136 SF)
Zoning code
TOURIST CO
APN
2401-502-0037-000-6
UPID
US18-0877522
Jurisdiction
ST LUCIE
Zoning & alternative use
TOURIST CO · Fort Pierce, FL
Zoning TOURIST CO · permitted uses
TOURIST CO · 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
Year built
1948
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
3
Bathrooms
4
Lot
1.27 ac
Current owner
From public records · entity-resolved
401 S Ocean Drive LLC
Entity
Free & Clear · 0 yrs held
Mailing address
401 S OCEAN DR, FORT PIERCE, FL 34949-3256
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2025
$2,000,000
401 S Ocean Drive LLC
Archies Seabreeze INC
Warranty Deed
—
Jul 10, 2023
—
Archie S Seabreeze INC
—
Deed
related
$81,000 · Ithink Financial Cu
Oct 30, 2019
—
Archies Seabreeze INC
—
Deed
related
$75,000 · Ibm Se Emps Cu
Oct 12, 2018
—
Archies Seabreeze INC
—
Deed
related
$75,000 · Oculina Bk
Oct 6, 2017
—
Archies Seabreeze INC
—
Deed
related
$75,000 · Oculina Bk
Oct 25, 2016
—
Archies Seabreeze INC
—
Deed
related
$75,000 · Oculina Bk
Dec 27, 2011
—
Archies Seabreeze INC
Mcgee,patty F
Warranty Deed
—
Jul 6, 2005
$409,000
Patty F Mcgee
Graziano,john J
Warranty Deed
$300,000 · Oculina Bank
Dec 12, 2000
$85,500
John J Graziano
Norwest Bank Minnesota NA Ttee
Grant Deed
$65,625 · Riverside National Bank Fl
—
—
Patty F Mcgee
—
Deed Of Trust
related
$252,518 · Oculina Bank
—
—
Archies Seabreeze INC
—
Deed Of Trust
related
$75,000 · Oculina Bank
—
—
Alejandro Noy
—
Deed Of Trust
related
$30,000 · First Union National Bank
—
—
Archies Seabreeze INC
—
Loan Modification
related
$75,000 · Ibm Se Emps Cu
—
—
Archies Seabreeze INC
—
Loan Modification
related
$75,000 · Oculina Bank
—
—
Randy L Jesus
—
Deed Of Trust
related
$67,200 · Ameriquest Mortgage Corp
—
—
Archies Seabreeze INC
—
Loan Modification
related
$74,900 · Oculina Bk
—
—
Archies Seabreeze INC
—
Deed Of Trust
related
$300,000 · Oculina Bank
—
—
Archies Seabreeze INC
—
Loan Modification
related
$75,000 · Oculina Bk
—
—
Archies Seabreeze INC
—
Loan Modification
related
$75,000 · Oculina Bk
—
—
John J Graziano
—
Deed Of Trust
related
$100,000 · Oculina Bank
—
—
Archies Seabreeze INC
—
Loan Modification
related
$75,000 · Oculina Bk
—
—
Archies Seabreeze INC
—
Loan Modification
related
$75,000 · Oculina Bk
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.
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