Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5180 Turnpike Feeder Rd Fort Pierce, FL 34951
    Back to Search
    Property profile & analytics

    5180 Turnpike Feeder Rd, Fort Pierce, FL 34951

    View on Map
    • Community centers
    • 3,272 SF
    • 1.07 lot acres
    For Sale
    $1,999,000
    View Listing →
    Lakewood Park Plaza For Sale For Sale
    $1,999,000
    9,672 SF

    Lakewood Park Plaza For Sale

    Value creation opportunity through improvements, zoning, and tenant optimization.

    5180 Turnpike Feeder Road, Fort Pierce, FL 34951
    View Listing
    Property ID
    US18-4709337
    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

    • Mi Tierra Latin Store / Grocery & Convenience Store / Food Market

    Property Details for 5180 Turnpike Feeder Rd

    Year built
    1981
    Construction
    CONCRETE BLOCKS
    Lot size
    1.07 lot acres
    Zone code
    COMM NEIGH
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    1301-615-0079-000-9
    APU
    130161500790009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 21, 2003 — Lakewood Park Plaza LLC Sperduto,gaetano D & John F Quit Claim Deed · related —
    — — Lakewood Park Plaza LLC — Deed Of Trust · related $350k · International Finance Bank

    Description

    This exceptional 9,672 square foot retail space is ideally located at 5180 Turnpike Feeder Road in Fort Pierce, Florida, zip code 34951. The property is zoned CommNe and features a single-tenant occupancy. The building sits on a lot with no recorded square footage. Its convenient location offers excellent visibility and accessibility, benefiting from good parking and high traffic flow. This makes it an attractive opportunity for businesses seeking a prominent presence in a busy commercial area. The property's single-tenant configuration provides simplicity and ease of management. The address is easily accessible from the Turnpike Feeder Road, ensuring high visibility and convenient access for customers. This retail space presents a unique opportunity for businesses looking to establish or expand their operations in a thriving Fort Pierce market. The property's location within an established plaza further enhances its appeal, offering potential for synergy and shared customer base. The APN is 130161500790009. This is a single-suite building, offering a streamlined and efficient layout. Serious inquiries are encouraged to explore this promising investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $815,000
      6.5%
      $750,000
      7%
      $700,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $740,000
      Current use
      AUTO REPAIR, GARAGE
      $855,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $660,000
      Change: -11% Conversion: Easy
      MEDICAL BUILDING
      $620,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3921
    Latitude
    27.5291
    CBSA code
    38940
    CBSA name
    PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,928
    $102,300
    $813,600
    $915,900
    -
    $102,300
    $813,600
    $915,900

    Comparable in this City

    • Value Estimation
      $1,625,000
      15,548 SF

      5001 Tpke Feeder Rd

      MINI-MALL
      5001 Tpke Feeder Rd, Fort Pierce, FL 34951-2217
      View Details
    • Value Estimation
      $11,065,000
      109,772 SF

      4890 Kings Hwy

      MINI-MALL
      4890 Kings Hwy, Fort Pierce, FL 34951-2244
      View Details
    • Value Estimation by Request
      3,850 SF

      7319 Indrio Rd

      MINI-MALL
      7319 Indrio Rd, Fort Pierce, FL 34951-2157
      View Details
    • Value Estimation by Request
      2,200 SF

      Pierce-Bring ALL Offers! Fully Built Out Turnkey Restaurant In Ft

      Restaurants
      Pierce-Bring ALL Offers! Fully Built Out Turnkey Restaurant In Ft, Lakewood Park, FL 34951
      View Details
    • Value Estimation
      $1,400,000
      2,391 SF

      7323 Indrio Rd

      SERVICE STATION (FULL SERVICE)
      7323 Indrio Rd, Fort Pierce, FL 34951-2113
      View Details
    • Value Estimation by Request
      3,400 SF

      4878 Kings Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      4878 Kings Hwy, Fort Pierce, FL 34951-2244
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Established Neighborhood Retail Center For Sale

      Neighborhood retail center with dining, retail, grocery, and service tenants.
      5180 Turnpike Feeder Rd, Fort Pierce, FL 34951
      View Details
    • Contact for pricing
      Pending

      Fort Pierce Retail Investment Opportunity

      15-unit retail plaza with owner financing in Fort Pierce.
      5180 Turnpike Feeder Rd, Fort Pierce, FL 34951
      View Details
    • Contact for pricing
      Pending

      Lakewood Park Plaza For Sale

      Value creation opportunity through improvements, zoning, and tenant optimization.
      5180 Turnpike Feeder Rd, Fort Pierce, FL 34951
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space in Fort Pierce

      Retail space available in a primary shopping destination.
      4802-4908 N Kings Hwy, Fort Pierce, FL 34951
      View Details
    • $1.49 SF/Yr
      9,672 SF

      Prime Fort Pierce Retail Space

      9,672 SF Single-Tenant Retail Building
      5180 Turnpike Feeder Rd, Fort Pierce, FL 34951
      View Details
    • Contact for pricing

      Land Available For Lease

      Commercial land suitable for QSR, retail, and storage.
      5021 Turnpike Feeder Rd, Fort Pierce, FL 34951
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent.
      4967 S Us Highway 1, Fort Pierce, FL 34951
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5180 Turnpike Feeder Rd
    Fort Pierce, FL 34951
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5180 Turnpike Feeder Rd, Fort Pierce, FL, 34951
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!