5311 Tpke Feeder Rd Fort Pierce, FL 34951-2060
Property profile & analytics
5311 Tpke Feeder Rd, Fort Pierce, FL 34951-2060
- Retail space
- 9,110 SF
- 1.16 lot acres
Property ID
US18-7252564
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.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 5311 Tpke Feeder Rd
- Year built
- 2012
- Construction
- CONCRETE
- Lot size
- 1.16 lot acres
- Zone code
- COMM NEIGH
- Property type
- Retail space
- APN
- 1312-703-0001-000-6
- APU
- 131270300010006
Description
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.
Value 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
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,906,000
Market price range: $970k - $2.66M -
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
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Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.392
- Latitude
- 27.5306
- 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
$25,588
$50,700
$1,269,300
$1,320,000
-
$50,700
$1,269,300
$1,320,000
