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Property profile & analytics
OFF-MARKET
Estimated value
$2,955,000
Turn key restaurants
4898 Okeechobee Rd Fort Pierce, FL 34947-5418
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-6265615
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,754 SF
Lot
1.38 ac (60,113 SF)
Zoning code
GENERAL CO
APN
2419-132-0002-000-2
UPID
US18-6265615
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
-
Applebee's Grill + Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
Dg2 Fort Pierce LLC · 4 yrs held
Dg2 Fort Pierce LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
GENERAL 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
$3,090,000
ML approach
$2,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±10% · vs last sale $3.00M (May 17 2022)
Last sale anchor
$3.00M
May 17 2022
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
$514 / 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
$30,486
Tax year 2023
Assessed value
$1,188,100
Assessed 2023
Previous assessed
$993,850
+19.5% YoY
Effective rate
2.57%
On assessed value
Assessed land
$525,200
Assessed improvement
$662,900
Land market value
$525,200
Improvement market value
$662,900
Total market value
$1,188,100
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
5,754 SF
Lot
1.38 ac (60,113 SF)
Zoning code
GENERAL CO
APN
2419-132-0002-000-2
UPID
US18-6265615
Jurisdiction
ST LUCIE
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Zoning GENERAL CO · permitted uses
GENERAL 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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
3
Bathrooms
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Dg2 Fort Pierce LLC
Entity
Free & Clear · 4 yrs held
Mailing address
20 COUNTRY CLB DR, CHATHAM, NJ 07928-1636
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$3,000,000
Dg2 Fort Pierce LLC
Proleg 100 LLC
Special Warranty Deed
—
May 31, 2019
$2,668,900
Proleg 100 LLC
Scf Rc Funding I LLC
Grant Deed
—
May 31, 2019
—
Doherty Florida Ft Pierce LLC
—
Deed
related
—
Jan 3, 2017
—
Scf Rc Funding I LLC
Scf Rc Master Funding I LLC
Quit Claim Deed
related
$561,500,000 · Citibank
Jun 20, 2016
$1,851,819
Scfrc-hw-g LLC
Ge Cap Franchise Fin Corp
Grant Deed
—
Jan 3, 2008
—
Florida Apple 1 LLC
—
Deed Of Trust
related
$25,000,000 · Bank Of America
Aug 3, 2007
$2,529,100
Ge Cap Franchise Finance Corp
Glw Properties LLC
Grant Deed
—
Nov 23, 1998
$1,144,000
Glw Properties LLC
Apple South INC
Grant Deed
$1,213,833 · Ffca Acquisition Corp
—
—
Doherty Florida Ft Pierce LLC
—
Loan Modification
related
—
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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