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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Retail properties & Spaces
625 Us Hwy 1st 1 Fort Pierce, FL 34950
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-3112778
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1947
Construction
CONCRETE BLOCKS
Total area
11,661 SF
Lot
0.36 ac (15,650 SF)
Zoning code
GENERAL CO
APN
2410-711-0019-000-4
UPID
US18-3112778
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
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$950k
Owner & transaction history
Mjg Investments LLC
Mjg Investments LLC
since 2025
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+3.6%
Restaurant
$1.3M
+2.4%
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
$950,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$1,315,000
Current use
AUTO REPAIR, GARAGE
$1,360,000
Change: +4% · Conversion: Difficult
RESTAURANT
$1,345,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,290,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (May 20 2024)
Last sale anchor
$950k
May 20 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
$81 / 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
$8,616
Tax year 2023
Assessed value
$454,500
Assessed 2023
Previous assessed
$261,800
+73.6% YoY
Effective rate
1.90%
On assessed value
Assessed land
$198,000
Assessed improvement
$256,500
Land market value
$198,000
Improvement market value
$256,500
Total market value
$454,500
Applied tax rate
9,022.0000
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 properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1947
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
2
Rooms
8
Bathrooms
1
Total area
11,661 SF
Lot
0.36 ac (15,650 SF)
Zoning code
GENERAL CO
APN
2410-711-0019-000-4
UPID
US18-3112778
Jurisdiction
ST LUCIE
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Zoning GENERAL CO · permitted uses
GENERAL CO · 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
1947
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Rooms
8
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Mjg Investments LLC
Entity
Mailing address
8938 SE 1ST TEE RD, PORT SAINT LUCIE, FL 34986-3065
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2025
—
Mjg Investments LLC
Mjg Investments LLC
Deed
related
—
May 20, 2024
$950,000
Mjg Investments LLC
Florida Land And Farm Holdings INC
Warranty Deed
$650,000 · Zen 3 LLC
Oct 31, 2018
—
624 S 5th Street Land Trust
—
Trustees Deed
related
$40,000 · Phetphothong E Thipphavong
Jul 7, 2017
—
Northern Indiana Anesthesia Sv
Florida Land & Farm Holdings I
Quit Claim Deed
related
—
May 8, 2017
$199,100
Zen 3 LLC
Deputy Clerk Of Saint Lucie Cnty|mountain Rise Man
Tax Deed
related
—
Aug 8, 2012
$230,000
Mountain Rise Management LLC
S & A LLC
Warranty Deed
—
Mar 2, 2005
$500,000
S & A LLC
Hendricks,edward W & Patricia D
Warranty Deed
$375,000 · Harbor Fsb
—
—
S & A LLC
—
Deed Of Trust
related
$100,000 · Harbor Fsb
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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