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Property profile & analytics
OFF-MARKET
Estimated value
$5,665,000
Warehouses
5701 Environment Dr Fort Pierce, FL 34981-4803
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2876036
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
METAL FRAME
Total area
95,571 SF
Lot
19.47 ac (848,113 SF)
Zoning code
INDUST HEA
APN
3301-500-0002-000-2
UPID
US18-2876036
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
$6.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.28M
Blend (final)
Blend
$5.67M
Owner & transaction history
Contender Boats INC · 5 yrs held
Contender Boats INC
since 2021
Last sale
$5.5M
2 recorded transactions
Zoning & alternative use
INDUST HEA · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,580,000
ML approach
$6,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.67M
Range $5.10M – $6.23M · ±10% · vs last sale $5.50M (Feb 4 2021)
Last sale anchor
$5.50M
Feb 4 2021
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
$59 / 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
$119,922
Tax year 2023
Assessed value
$6,250,900
Assessed 2023
Previous assessed
$6,250,900
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,357,000
Assessed improvement
$4,893,900
Land market value
$1,357,000
Improvement market value
$4,893,900
Total market value
$6,250,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
3
Bathrooms
3
Total area
95,571 SF
Lot
19.47 ac (848,113 SF)
Zoning code
INDUST HEA
APN
3301-500-0002-000-2
UPID
US18-2876036
Jurisdiction
ST LUCIE
Zoning & alternative use
INDUST HEA · Fort Pierce, FL
Zoning INDUST HEA · permitted uses
INDUST HEA · 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.
Building & site characteristics
From public records
Year built
1987
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
3
Bathrooms
3
Lot
19.47 ac
Current owner
From public records · entity-resolved
Contender Boats INC
Entity
Mailing address
1820 SE 38TH AVE, HOMESTEAD, FL 33035-1345
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2021
$5,500,000
Contender Boats INC
The Packers Of Indian River Ltd
Warranty Deed
$2,750,000 · City National Bank Of Florida
—
—
Packers Of Indian River Ltd
—
Loan Modification
related
$10,000,000 · Miscellaneous Ins Co
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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