Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Office buildings
604 Midway Rd Fort Pierce, FL 34982-4201
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3640075
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1998
Construction
CONCRETE BLOCKS
Total area
6,002 SF
Lot
3.53 ac (153,767 SF)
Zoning code
NEIGHBORHO
APN
3403-243-0001-000-0
UPID
US18-3640075
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
-
Dr. Alan S. Krimsley, MD Physician Medical Clinic
-
Dr. Ronald H. Woody III, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.01M
Owner & transaction history
169 Delray LLC · 5 yrs held
169 Delray LLC
since 2021
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
NEIGHBORHO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+26.7%
Retail stores
$1.2M
+13.3%
Medical building
$1.1M
+6.5%
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
$1,015,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
$1,350,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,070,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,355,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,210,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$1,140,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$865,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.00M (Apr 12 2021)
Last sale anchor
$1.00M
Apr 12 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
$167 / 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
$34,131
Tax year 2023
Assessed value
$1,338,800
Assessed 2023
Previous assessed
$1,312,900
+2.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$664,600
Assessed improvement
$674,200
Land market value
$664,600
Improvement market value
$674,200
Total market value
$1,338,800
Applied tax rate
22.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1998
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
6,002 SF
Lot
3.53 ac (153,767 SF)
Zoning code
NEIGHBORHO
APN
3403-243-0001-000-0
UPID
US18-3640075
Jurisdiction
ST LUCIE
Zoning & alternative use
NEIGHBORHO · Fort Pierce, FLZoning NEIGHBORHO · permitted uses
NEIGHBORHO · Fort Pierce, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$865,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1998
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
3
Bathrooms
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
169 Delray LLC
Entity
Mailing address
3201 LAKEVIEW DR, DELRAY BEACH, FL 33445-5765
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2021
$1,000,000
169 Delray LLC
St Lucie Investments LLC
Warranty Deed
$850,000 · Optimumbank
Jun 21, 2019
$700,000
St Lucie Investments LLC
604 Midway Road LLC
Warranty Deed
—
Oct 19, 2015
—
604 Midway LLC
Port St Lucie Ventures INC
Warranty Deed
related
—
Jun 26, 1997
$62,500
Port St Lucie Ventures INC
Cook,theresa & Jack R
Trustees Deed
—
—
—
Port St Lucie Ventures INC
—
Deed Of Trust
related
$250,000 · John D & Karen J Woody
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 604 Midway 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.
