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    4570 S Ocean Dr Fort Pierce, FL 34949
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    Property profile & analytics

    4570 S Ocean Dr Fort Pierce, FL 34949

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    • Waterfront Land
    For Sale
    $12,000,000
    View Listing →
    Oceanfront Land in Jensen Beach For Sale
    $12,000,000

    Oceanfront Land in Jensen Beach

    Oceanfront land offering serene living and recreational opportunities.

    4570 S Ocean Dr, Fort Pierce, FL 34949
    View Listing
    Property ID
    US18-7987287
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Waterfront Land

    Property Details for 4570 S Ocean Dr

    Property type
    Waterfront Land

    Description

    Oceanfront living in Jensen Beach, Florida, offers a serene and picturesque lifestyle along the Atlantic coast. Jensen Beach is a charming coastal town located on Hutchinson Island, known for its beautiful beaches, warm climate, and abundant recreational opportunities. Here's what you can expect from oceanfront living in Jensen Beach: Breathtaking Views: One of the most significant advantages of living on the oceanfront is waking up to stunning sunrises over the ocean and enjoying the soothing sounds of waves crashing on the shore. The panoramic views of the sparkling blue waters and sandy beaches create a peaceful and picturesque environment

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.2629894
    Latitude
    27.3959159

    Comparable in this City

    • $5,800,000

      Oceanfront Land on Hutchinson Island

      Approximately 1.4 acres with ocean frontage, zoned for development.
      4002 Highway A1A N, Fort Pierce, FL 34949
      View Details
    • $850,000
      0.10 Acres

      Oceanfront and River View Land

      Vacant lot in gated community with ocean and river views.
      5104 Watersong Way, Fort Pierce, FL 34949
      View Details
    • Contact for pricing

      Hutchinson Island Oceanfront Development Opportunity

      1.4 acre oceanfront lot zoned for residential development.
      4002 N Highway A1A N, Hutchinson Island, FL 34949
      View Details
    • $9,750,000
      22.00 Acres

      Oceanfront Lots on Hutchinson Island

      Seven permitted oceanfront lots with infrastructure and dock permits.
      S Ocean Dr, Hutchinson Island, FL 34949
      View Details
    • $1,900,000
      2.50 Acres

      Oceanfront Lot on Hutchinson Island

      Permitted oceanfront lot with utilities in place for luxury residences.
      S Ocean Dr, Hutchinson Island, FL 34949
      View Details
    • $875,000
      4,356 SF

      Oceanfront Lot with River Views

      Rare oceanfront lot with ocean and river views.
      5144 Watersong Way, Fort Pierce, FL 34949
      View Details

    Similar Nearby for Sale

    • $5,800,000

      Oceanfront Land on Hutchinson Island

      Approximately 1.4 acres with ocean frontage, zoned for development.
      4002 Highway A1A N, Fort Pierce, FL 34949
      View Details
    • $850,000
      0.10 Acres

      Oceanfront and River View Land

      Vacant lot in gated community with ocean and river views.
      5104 Watersong Way, Fort Pierce, FL 34949
      View Details
    • Contact for pricing

      Hutchinson Island Oceanfront Development Opportunity

      1.4 acre oceanfront lot zoned for residential development.
      4002 N Highway A1A N, Hutchinson Island, FL 34949
      View Details
    • $9,750,000
      22.00 Acres

      Oceanfront Lots on Hutchinson Island

      Seven permitted oceanfront lots with infrastructure and dock permits.
      S Ocean Dr, Hutchinson Island, FL 34949
      View Details
    • $1,900,000
      2.50 Acres

      Oceanfront Lot on Hutchinson Island

      Permitted oceanfront lot with utilities in place for luxury residences.
      S Ocean Dr, Hutchinson Island, FL 34949
      View Details
    • $875,000
      4,356 SF

      Oceanfront Lot with River Views

      Rare oceanfront lot with ocean and river views.
      5144 Watersong Way, Fort Pierce, FL 34949
      View Details
    View Listing
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    Fort Pierce, FL 34949
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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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