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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6598 Kitterman Rd Fort Pierce, FL 34952

    • Drive through restaurants
    • 3,007 SF
    • 1.21 lot acres
    OFF-MARKET
    Last Sale
    Apr 21, 2020
    $2,600,000
    Value Estimations
    $2,565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5414449
    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.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 6598 Kitterman Rd

    Year built
    2019
    Construction
    CONCRETE BLOCKS
    Lot size
    1.21 lot acres
    Property size
    3,007 SF
    Zone code
    COMM GENRA
    Property type
    Drive through restaurants
    APN
    3415-502-0011-000-4
    APU
    341550200110004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,575,000
      ML approach
      $2,475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,784,000
      Market price range: $643k - $2.23M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.325
    Latitude
    27.3453
    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
    $26,596
    $711,600
    $690,100
    $1,401,700
    -
    $711,600
    $690,100
    $1,401,700

    Comparable in this City

    • Value Estimation
      $1,140,000
      3,762 SF

      7626 Us Hwy 1st 1

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,762 SF
      7626 Us Hwy 1st 1, Fort Pierce, FL 34952-2320
      View Details
    • Value Estimation
      $2,265,000
      3,868 SF

      1401 Vlg Grn Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,868 SF
      1401 Vlg Grn Dr, Port Saint Lucie, FL 34952-5118
      View Details
    • Value Estimation
      $2,570,000
      3,439 SF

      9019 Us Hwy 1st 1

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,439 SF
      9019 Us Hwy 1st 1, Port Saint Lucie, FL 34952-3448
      View Details
    • Value Estimation
      $610,000
      1,455 SF

      10461 Us Hwy 1st 1

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,455 SF
      10461 Us Hwy 1st 1, Port Saint Lucie, FL 34952-5645
      View Details
    • Value Estimation
      $8,635,000
      2,456 SF

      10055 Us Hwy 1st 1

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,456 SF
      10055 Us Hwy 1st 1, Port Saint Lucie, FL 34952-5607
      View Details
    • Value Estimation
      $1,050,000
      3,034 SF

      10950 Us Hwy 1st 1

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,034 SF
      10950 Us Hwy 1st 1, Port Saint Lucie, FL 34952-6412
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Freestanding Restaurant Building For Sale

      3,000 SF renovated restaurant with drive-through on 1.21 acres.
      Port St Lucie, FL 34952
      View Details
    • $699,000
      1,400 SF

      Established Restaurant Opportunity

      Profitable Italian restaurant for sale in Rivergate Plaza.
      1125-1193 SE Port St Lucie Blvd, Port St Lucie, FL 34952
      View Details
    • $59,000
      1,000 SF

      Turnkey Hair Salon Opportunity

      Fully equipped hair salon with strong client base for sale.
      6969 Hancock Dr, Fort Pierce, FL 34952
      View Details
    • $999,888

      US-1 Frontage Commercial Lot

      Commercial lot with high traffic volume and general commercial zoning.
      10720 S Hwy U.S, Port St Lucie, FL 34952
      View Details
    • $60,000

      Retail Space For Sale

      Retail property available for sale, great opportunity to own.
      7991 8001, Port Saint Lucie, FL 34952
      View Details
    • $39,000

      Established Carpet and Supplies Business

      Well-established carpet and supplies business with inventory and equipment included.
      1496 SE Vlg Grn Dr, Port St Lucie, FL 34952
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Freestanding Restaurant Building For Rent

      3,000 SF newly renovated restaurant space with drive-through.
      6598 Kitterman Rd, Port Saint Lucie, FL 34952
      View Details
    • $32 SF/Yr
      2,657 SF

      Freestanding Restaurant with Drive-Thru

      Restaurant space with drive-thru, high visibility, and ample parking.
      10401 S Us Highway 1, Fort Pierce, FL 34952
      View Details
    • $12 SF/Yr
      8,766 SF

      Fountain Plaza Executive Suites

      Prime Hobe Sound Office Space, 775-3000 sqft
      10000-10040 Federal Hwy, Hobe Sound, FL 34952
      View Details
    • $12 SF/Yr
      19,008 SF

      Retail/Office Space on US Highway

      Retail, office, or medical spaces with high visibility.
      10600-10642 South Federal Hwy, Port St Lucie, FL 34952
      View Details
    • $12 SF/Yr
      26,106 SF

      Retail Space on US Highway 1

      Retail space available in Port St. Lucie with high visibility.
      10040 SE 10000 - Hwy 1 U.S, Port St Lucie, FL 34952
      View Details
    • $12 SF/Yr
      214,854 SF

      Anchored Retail Center For Lease

      Large retail center with national tenants on high-traffic intersection.
      10055 South Federal Hwy, Port St Lucie, FL 34952
      View Details
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    Fort Pierce, FL 34952
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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