Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Manufacturing properties
490 Concourse Pl Port Saint Lucie, FL 34986-2218
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4797910
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
METAL FRAME
Total area
10,000 SF
Lot
1.76 ac (76,781 SF)
Zoning code
WAREHOUSE
APN
3323-655-0006-000-5
UPID
US18-4797910
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
$1.47M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$1.54M
Owner & transaction history
Concourse Industrial LLC · 5 yrs held
Concourse Industrial LLC
since 2021
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
WAREHOUSE · Port Saint Lucie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+44.9%
Retail stores
$2.0M
+29.6%
Medical building
$1.9M
+21.8%
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 Port Saint Lucie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Saint Lucie 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
$1,510,000
ML approach
$1,470,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,560,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,255,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$2,020,000
Change: +30% · Conversion: Moderate
MEDICAL BUILDING
$1,895,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$1,780,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.54M (Jan 8 2021)
Last sale anchor
$1.54M
Jan 8 2021
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
$154 / 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
$45,290
Tax year 2023
Assessed value
$1,765,100
Assessed 2023
Previous assessed
$1,499,900
+17.7% YoY
Effective rate
2.57%
On assessed value
Assessed land
$431,900
Assessed improvement
$1,333,200
Land market value
$431,900
Improvement market value
$1,333,200
Total market value
$1,765,100
Applied tax rate
11.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Construction
METAL FRAME
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
10,000 SF
Lot
1.76 ac (76,781 SF)
Zoning code
WAREHOUSE
APN
3323-655-0006-000-5
UPID
US18-4797910
Jurisdiction
ST LUCIE
Zoning & alternative use
WAREHOUSE · Port Saint Lucie, FLZoning WAREHOUSE · permitted uses
WAREHOUSE · Port Saint Lucie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
2006
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.76 ac
Current owner
From public records · entity-resolved
Concourse Industrial LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8233 GATOR LN STE #18, WEST PALM BEACH, FL 33411-3789
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
$1,535,425
Concourse Industrial LLC
Eph Holdings INC
Warranty Deed
—
Jan 15, 2014
$900,000
Eph Holdings INC
Stephen J Mahlschnee
Warranty Deed
$720,000 · Harbor Community 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 490 Concourse Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
