Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Retail space
5311 Tpke Feeder Rd Fort Pierce, FL 34951-2060
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-7252564
Property summary
AI-generated overview
This fee-simple, absolute NNN Dollar General property in Fort Pierce, Florida offers a compelling investment opportunity. The 9,110 square foot convenience store, built in 2012, sits on a 1.16-acre lot at 5311 Turnpike Feeder Rd, 34951, benefiting from high traffic counts exceeding 13,600 vehicles daily. The property boasts a strong 8.51% cap rate, generating a net operating income (NOI) of $142,547. The corporate-guaranteed lease provides significant security, with a remaining term of approximately 2.9 years expiring September 29, 2027. This single-tenant property enjoys 100% occupancy and benefits from a robust demographic profile, with over 54,000 people residing within a 5-mile radius. The property's location on Turnpike Feeder Road ensures high visibility and accessibility. This is a low-maintenance, high-return investment ideal for passive income seekers. The property's classification includes convenience store, QSR/fast food, and storefront. The investment type is a net lease, specifically a net-leased discount store.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
CONCRETE
Total area
9,110 SF
Lot
1.16 ac (50,704 SF)
Zoning code
COMM NEIGH
APN
1312-703-0001-000-6
UPID
US18-7252564
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.92M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.93M
Owner & transaction history
Mcp Stable 5311 Turnpike Feederroad · 1 yrs held
Mcp Stable 5311 Turnpike Feederroad
since 2025
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
COMM NEIGH · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+29.7%
Neighborhood: shopping center
$2.1M
+11.8%
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 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
$1,815,000
ML approach
$1,915,000
CAP Approach
CAP Return
Estimation
6%
$1,750,000
6.5%
$1,615,000
7%
$1,500,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,840,000
Current use
AUTO REPAIR, GARAGE
$2,385,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,055,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$1,730,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$1,620,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10% · vs last sale $1.94M (May 27 2025)
Last sale anchor
$1.94M
May 27 2025
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
$211 / 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
$25,588
Tax year 2023
Assessed value
$1,320,000
Assessed 2023
Previous assessed
$1,592,400
-17.1% YoY
Effective rate
1.94%
On assessed value
Assessed land
$50,700
Assessed improvement
$1,269,300
Land market value
$50,700
Improvement market value
$1,269,300
Total market value
$1,320,000
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
9,110 SF
Lot
1.16 ac (50,704 SF)
Zoning code
COMM NEIGH
APN
1312-703-0001-000-6
UPID
US18-7252564
Jurisdiction
ST LUCIE
Zoning & alternative use
COMM NEIGH · Fort Pierce, FL
Zoning COMM NEIGH · permitted uses
COMM NEIGH · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2012
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Mcp Stable 5311 Turnpike Feederroad
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 1356, BAYVILLE, NY 11709-0356
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Mcp Stable 5311 Turnpike Feederroad
Deer Lake Dg Fp LLC
Deed
—
May 27, 2025
$1,939,500
Mcpstable 5311 Turnpike Feeder Road
Deer Lake Dg Fp LLC
Warranty Deed
—
Dec 5, 2024
$1,645,000
Deer Lake Dg Fp LLC
The Cirigaano Family Limited Partne
Warranty Deed
—
Jan 4, 2013
$1,925,000
Cirignano Family LP
2011 Turnpike Feeder LLC
Grant Deed
$1,443,750 · New York 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 5311 Tpke Feeder Rd?
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.
