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    5214 Tpke Feeder Rd Fort Pierce, FL 34951-2023

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    5214 Tpke Feeder Rd Fort Pierce, FL 34951-2023

    View on Map
    • Office buildings
    • 2,448 SF
    • 0.36 lot acres
    Off-Market
    Last Sale Mar 3, 2022
    $500,000
    Property ID
    US18-1970753
    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
    $505,000
    Show details
    Cap Rate Potential
    6.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Lakewood Park Market / Grocery & Convenience Store
    • CoinFlip Bitcoin ATM / Business Banking Service / Business To Business Service

    Property Details for 5214 Tpke Feeder Rd

    Year built
    1966
    Construction
    CONCRETE BLOCKS
    Lot size
    0.36 lot acres
    Property size
    2,448 SF
    Zone code
    COMM NEIGH
    Property type
    Office buildings
    APN
    1301-615-0083-000-0
    APU
    130161500830000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $515,000
      ML approach
      $500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $550,000
      6.5%
      $510,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $302,000
      Market price range: $303k - $699k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $435,000
      Current use
      AUTO REPAIR, GARAGE
      $640,000
      Change: +47% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $555,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $495,000
      Change: +13% Conversion: Moderate
      MEDICAL BUILDING
      $465,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3916
    Latitude
    27.5294
    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
    $1,842
    $15,600
    $78,400
    $94,000
    -
    $15,600
    $78,400
    $94,000

    Comparable in this City

    • Value Estimation
      $1,135,000
      9,716 SF

      5055 Tpke Feeder Rd

      PROFESSIONAL BUILDING • 9,716 SF
      5055 Tpke Feeder Rd, Fort Pierce, FL 34951-2246
      View Details
    • Value Estimation
      $620,000
      5,044 SF

      5120 Tpke Feeder Rd

      PROFESSIONAL BUILDING • 5,044 SF
      5120 Tpke Feeder Rd, Fort Pierce, FL 34951-5020
      View Details
    • Value Estimation by Request
      3,555 SF

      3988 Kings Hwy

      OFFICE BUILDING • 3,555 SF
      3988 Kings Hwy, Fort Pierce, FL 34951-4031
      View Details
    • Value Estimation by Request
      1,589 SF

      5804 Indian Pnes Blvd

      PROFESSIONAL BUILDING • 1,589 SF
      5804 Indian Pnes Blvd, Fort Pierce, FL 34951-2302
      View Details
    • Value Estimation
      $1,235,000
      14,776 SF

      7305 Commercial Cir

      OFFICE BUILDING • 14,776 SF
      7305 Commercial Cir, Fort Pierce, FL 34951-4110
      View Details
    • Value Estimation by Request

      5022 Feeder Rd

      Office properties & Spaces
      5022 Feeder Rd, Lakewood Park, FL 34951
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Commercial Building For Sale

      Adaptable building suitable for various business ventures.
      5022 Feeder Rd, Fort Pierce, FL 34951
      View Details
    • $75,000
      0.94 Acres

      Residential Lot Near Amenities

      Vacant residential lot close to shopping and beaches.
      Snail Kite Ln, Fort Pierce, FL 34951
      View Details
    • $1,650,000

      Fort Pierce Agricultural Land Parcels

      58+/- acres in Fort Pierce's developing agricultural corridor.
      6320 Koblegard Rd, Fort Pierce, FL 34951
      View Details
    • Contact for pricing

      Commercial Land on Turnpike Feeder

      Located on heavily traveled road near shopping and residential areas.
      5211 Turnpike Feeder Rd, Fort Pierce, FL 34951
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Move-in Ready Office Space

      2,000 SF office space with kitchenette and water views.
      7453 Commercial Cir, Fort Pierce, FL 34951
      View Details
    • 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
    • $7,000 /Mo
      2 SF

      Cleared Land with Highway Access

      Two-acre cleared land suitable for trucking or fleet parking.
      7491 Commercial Cir, 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
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    Fort Pierce, FL 34951-2023
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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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