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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Warehouses
427 Market Ave Fort Pierce, FL 34982-8215
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3890807
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
METAL FRAME
Total area
20,112 SF
Lot
1.38 ac (60,118 SF)
Zoning code
LIGHT INDU
APN
2434-601-0036-000-5
UPID
US18-3890807
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
Current use
Occupant on record · Public records
-
Real Stone & Granite Corporation Building Supply
-
Real Stone Monuments Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$2.18M
Owner & transaction history
1401 Village Green Property Owner L · 2 yrs held
1401 Village Green Property Owner L
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
LIGHT INDU · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+46.6%
Industrial (general)
$2.9M
+18.8%
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
$2,080,000
ML approach
$1,935,000
CAP Approach
CAP Return
Estimation
6%
$2,870,000
6.5%
$2,650,000
7%
$2,460,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,445,000
Current use
OFFICE BUILDING
$3,580,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,900,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10% · vs last sale $2.65M (Dec 21 2023)
Last sale anchor
$2.65M
Dec 21 2023
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
$108 / 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
$32,027
Tax year 2023
Assessed value
$1,866,200
Assessed 2023
Previous assessed
$937,316
+99.1% YoY
Effective rate
1.72%
On assessed value
Assessed land
$375,100
Assessed improvement
$1,491,100
Land market value
$375,100
Improvement market value
$1,491,100
Total market value
$1,866,200
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
20,112 SF
Lot
1.38 ac (60,118 SF)
Zoning code
LIGHT INDU
APN
2434-601-0036-000-5
UPID
US18-3890807
Jurisdiction
ST LUCIE
Zoning & alternative use
LIGHT INDU · Fort Pierce, FL
Zoning LIGHT INDU · permitted uses
LIGHT INDU · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
1401 Village Green Property Owner L
Entity
Mailing address
2141 S ALTERNATE 1ST STE #440, JUPITER, FL 33477-4063
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
—
D&j Baker Family Holdings LLC
—
Deed
related
$580,365 · Pacific Coast Bankers Bank
Dec 21, 2023
$2,650,000
1401 Village Green Property Owner L
Ubilla Duque Holdings LLC
Warranty Deed
$1,875,000 · Standard Insurance Co
Oct 16, 2023
—
Wildar INC
—
Deed
related
$1,660,000 · Pacific Coast Bankers Bank
Nov 30, 2022
—
Ubilla Duque Holdings LLC
—
Deed
related
$1,500,000 · Marine Bank & Trust Company
Dec 6, 2017
—
Ubilla Duque Holdings LLC A Fl Limi
—
Deed
related
$250,000 · Centerstate Bank Of Florida NA
Sep 20, 2017
—
Ublla Duque Holdings LLC
—
Deed
related
$525,000 · Centerstate Bank Of Florida NA
Jul 23, 2004
$271,400
Real Estate Holdi Ubilia-duque
Ubilla,jose D & Liliam D
Quit Claim Deed
related
$680,000 · Harbor Fsb
Jul 14, 1999
$450,000
Jose D Ubilla
Hersey,harry W
Grant Deed
$360,000 · Southtrust Bank NA
—
—
Jose D Ubilla
—
Deed Of Trust
related
$200,000 · Gulfstream Business Bank
—
—
Jose D Ubilla
—
Deed Of Trust
related
$330,000 · Gulfstream Business Bank
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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