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Property profile & analytics
OFF-MARKET
Estimated value
$3,650,000
Manufacturing properties
5350 Steel Blvd, Fort Pierce, FL 34946-9129
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3260239
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Construction
METAL FRAME
Total area
25,920 SF
Lot
3.21 ac (139,828 SF)
Zoning code
INDUSTRIAL
APN
1430-322-0001-010-3
UPID
US18-3260239
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
$3.65M
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$3.65M
Owner & transaction history
Penske Truck Leasing Co LP · 2 yrs held
Penske Truck Leasing Co LP
since 2024
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.9M
+78.9%
Retail stores
$5.2M
+60.0%
Medical building
$4.9M
+50.3%
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
$3,650,000
ML approach
$3,650,000
CAP Approach
CAP Return
Estimation
6%
$3,045,000
6.5%
$2,810,000
7%
$2,610,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,270,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,850,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$5,230,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$4,915,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$4,615,000
Change: +41% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,150,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$3.65M
Range $3.29M – $4.02M · ±10% · vs last sale $3.65M (Jun 6 2024)
Last sale anchor
$3.65M
Jun 6 2024
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
$141 / 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
$38,443
Tax year 2023
Assessed value
$2,292,700
Assessed 2023
Previous assessed
$2,292,700
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$524,400
Assessed improvement
$1,768,300
Land market value
$524,400
Improvement market value
$1,768,300
Total market value
$2,292,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1988
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
6
Bathrooms
3
Total area
25,920 SF
Lot
3.21 ac (139,828 SF)
Zoning code
INDUSTRIAL
APN
1430-322-0001-010-3
UPID
US18-3260239
Jurisdiction
ST LUCIE
Zoning & alternative use
INDUSTRIAL · Fort Pierce, FL
Zoning INDUSTRIAL · permitted uses
INDUSTRIAL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
RETAIL STORES
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1988
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
3
Lot
3.21 ac
Current owner
From public records · entity-resolved
Penske Truck Leasing Co LP
Entity
Mailing address
2675 MORGANTOWN RD, READING, PA 19607-9676
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
$3,650,000
Penske Truck Leasing Co LP
Rearden Steel Manufacturing LLC
Warranty Deed
—
Jul 28, 2022
—
Steel M Faul Rearden
—
Deed
related
$300,000 · Oeborah Englert
May 7, 2019
$1,885,000
Rearden Streel Manufacturiing LLC
Skidoo LLC
Warranty Deed
—
Jun 6, 2017
$960,000
Skidoo LLC
Lbg LLC
Warranty Deed
—
May 4, 2006
$721,300
Lbg LLC
Langdon Barber Groves INC
Warranty Deed
—
Sep 24, 1997
$50,000
Pearls Bonded Fruit Shippers
Cushman Fruit Company INC
Grant Deed
—
—
—
Langdon Barber Groves INC
—
Deed Of Trust
related
$155,800 · Us Small Business Admn
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.
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