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

    4300 Okeechobee Rd Fort Pierce, FL 34947

    • Wedding venues
    • 350,000 SF
    • 60.00 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5937134
    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

    • Truth Church / Church / Association / Organization
    • ATM / Atm
    • Christ Family Church - Food Distribution Center / Food Bank
    • Patches Inc / Child Care Agency

    Property Details for 4300 Okeechobee Rd

    Year built
    1985
    Lot size
    60.00 lot acres
    Property size
    350,000 SF
    Property type
    Wedding venues
    Property subtype
    Office space

    Description

    This exceptional 350,000-square-foot Class A industrial property in Fort Pierce, Florida's Treasure Coast submarket, offers diverse leasing opportunities. Located at 4300 Okeechobee Rd, near Okeechobee Road, this single-story, 1985-built building (renovated in 2022) sits on 40 acres and features 20 suites, with spaces ranging from 5,000 to 65,000 contiguous square feet. Currently, 90,000 square feet is available for lease. The property boasts a 20-foot ceiling height, three dock-high doors, six drive-ins, and ample parking (4 spaces per 1,000 square feet). Power is supplied by a 2000-amp system. The flexible Light Industrial zoning allows for various uses, including creative office, flex space, warehouse, distribution, manufacturing, call center, event space, retail, and mixed-use configurations. Its strategic location provides easy access to I-95 and the Florida Turnpike, equidistant from Miami, Orlando, and Tampa. This property is ideal for businesses seeking customizable, move-in-ready space (30-120 day turnaround) in one of Florida's fastest-growing areas. The property is zoned for Light Industrial Use (Flexible).

    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
    -80.3697697
    Latitude
    27.4272186

    Comparable in this City

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      Fort Pierce Warehouse Complex

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      Spacious Industrial Facility Near I-95

      Large industrial space with easy access to major highways.
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      3,276 SF warehouse with office, loading dock, and yard.
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      Quincy Professional Plaza

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    • $17 SF/Yr
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      Executive Office Suites, Fort Pierce

      Prime Office Space Available, 1,642-2,764 SF
      1903 25Th St, Fort Pierce, FL 34947
      View Details

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    Similar Nearby for Lease

    • $16 SF/Yr
      7,400 SF

      Fort Pierce Warehouse Complex

      12 Suites, 7,400 SF, 500 SF Available
      600 39Th St, Fort Pierce, FL 34947
      View Details
    • $14 SF/Yr
      3,000 SF

      Warehouse Space for Rent

      3,000 sqft warehouse space with easy highway access.
      517 S 33Rd St, Fort Pierce, FL 34947
      View Details
    • Contact for pricing
      664,176 SF

      Spacious Industrial Facility Near I-95

      Large industrial space with easy access to major highways.
      700 S Kings Hwy, Fort Pierce, FL 34947
      View Details
    • $3,000 /Mo
      3,276 SF

      Warehouse with Office and Yard

      3,276 SF warehouse with office, loading dock, and yard.
      1501 S 31St St, Fort Pierce, FL 34947
      View Details
    • Sponsored
      Contact for pricing

      Quincy Professional Plaza

      medical, dentist, insurance, retail
      1803 S 25Th St, Fort Pierce, FL 34947
      View Details
    • $17 SF/Yr
      44,185 SF

      Executive Office Suites, Fort Pierce

      Prime Office Space Available, 1,642-2,764 SF
      1903 25Th St, Fort Pierce, FL 34947
      View Details
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    Fort Pierce, FL 34947
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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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