680 Farmers Market Rd Fort Pierce, FL 34982-6652
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$810k
Range $729k – $891k (±10%)
Implied cap rate
6.50%
In-place · NOI ÷ last sale
Property ID
US18-4084939
Property summary
AI-generated overview
This exceptional 7,536-square-foot warehouse in Fort Pierce, Florida, presents a unique owner-user opportunity. Located at 680 Farmers Market Road, 34982, this 1997-built industrial property offers a spacious and well-maintained workspace. The building features six bay doors (four 10x10 and two 8x8), ensuring convenient access for loading and unloading. Inside, you'll find a climate-controlled environment thanks to new A/C units, and upgraded LED lighting throughout. A significant advantage is the inclusion of a substantial 750+ square-foot office space complete with two bathrooms. The property boasts 3-phase electric for efficient operations and is impeccably clean. External features include a secure, fenced lot with a 25-foot gated entrance, a new well and water softener, and a sewer connection. While sizes and measurements are subject to verification, this property offers a compelling combination of functionality and modern amenities, ideal for a variety of businesses. The asking price is $1,295,000.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Construction
METAL FRAME
Total area
7,476 SF
Lot
0.55 ac (23,823 SF)
Zoning code
LIGHT INDU
APN
2427-601-0022-010-5
UPID
US18-4084939
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
General Contractor
-
Big Box & Wholesale Store
-
Big Box & Wholesale Store Electronics & Wireless Store
-
Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$810k
Owner & transaction history
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
LIGHT INDU · Fort Pierce, FL
Top alternative use upside
Office building
$1.3M
+23.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$810k
Value range
$729k – $891k
±10% around blend
Estimated value / SF
$108 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
50
$729k
blend $810k
$891k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,476 SF
Lot area
0.55 ac
Year built
1997
Stories
1
APN
2427-601-0022-010-5
Assessed value
$769,800
Annual tax
$18,572
3
Income approach: direct capitalization
Partial preview
Income approach indication
$810k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$880k
@ 6.5% CAP return
$810k
@ 7% CAP return
$755k
4
Sales comparison
Partial preview
Sales approach indication
$1.57M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.6 mi away · 7,500 SF
6.5 mi away · 5,840 SF
6.6 mi away · 9,632 SF
6.8 mi away · 7,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$810k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 186 sales
$144
-25%
County 189 sales
$143
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $108/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+23%
vs current-use indication
Industrial (general) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
6.50%
Implied, in-place cap rate for this manufacturing properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.50%
9.0%
NOI (est.)
$56k *
Last sale · Nov 2021
$800k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$862k
Move the market yield to see immediate price impact.
Value / SF
$115
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.00%6.50%7.00%
$50k
$840k
$775k
$720k
$56k
$933k
$862k
$800k
$62k
$1.03M
$948k
$880k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.74M
4.2 mi · Apr 2026 · $222/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,572
Tax year 2023
Assessed value
$769,800
Assessed 2023
Previous assessed
$682,500
+12.8% YoY
Effective rate
2.41%
On assessed value
Assessed land
$164,400
Assessed improvement
$605,400
Land market value
$164,400
Improvement market value
$605,400
Total market value
$769,800
Applied tax rate
22.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1997
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
3
Total area
7,476 SF
Lot
0.55 ac (23,823 SF)
Zoning code
LIGHT INDU
APN
2427-601-0022-010-5
UPID
US18-4084939
Jurisdiction
ST LUCIE
Zoning & alternative use
LIGHT INDU · Fort Pierce, FLZoning LIGHT INDU · permitted uses
LIGHT INDU · Fort Pierce, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
3
Lot
0.55 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LIGHT INDU
Jurisdiction
Fort Pierce, FL
Recorded code
LIGHT INDU
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LIGHT INDU in Fort Pierce, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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