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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Bars & Pubs
6939 Okeechobee Rd Fort Pierce, FL 34945-2607
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3918871
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1980
Construction
WOOD
Total area
4,778 SF
Lot
1.08 ac (47,045 SF)
Zoning code
GENERAL CO
APN
2324-331-0015-000-6
UPID
US18-3918871
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
-
Pappy's Liquors & Tavern by Spirits2u Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$960k
Owner & transaction history
Aarya 2023 LLC · 3 yrs held
Aarya 2023 LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
GENERAL CO · 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
$865,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$760,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $1.10M (Jun 1 2023)
Last sale anchor
$1.10M
Jun 1 2023
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
$201 / 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
$31,072
Tax year 2023
Assessed value
$1,229,000
Assessed 2023
Previous assessed
$1,159,100
+6.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$176,400
Assessed improvement
$1,052,600
Land market value
$176,400
Improvement market value
$1,052,600
Total market value
$1,229,000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Rooms
3
Total area
4,778 SF
Lot
1.08 ac (47,045 SF)
Zoning code
GENERAL CO
APN
2324-331-0015-000-6
UPID
US18-3918871
Jurisdiction
ST LUCIE
Zoning & alternative use
GENERAL CO · Fort Pierce, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$760,000
MEDICAL BUILDING
Est. value
$700,000
OFFICE BUILDING
MEDICAL BUILDING
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
1980
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
3
Lot
1.08 ac
Current owner
From public records · entity-resolved
Aarya 2023 LLC
Entity
Mailing address
832 CATTAIL CT, WEST MELBOURNE, FL 32904-8147
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$1,100,000
Aarya 2023 LLC
Naice LLC
Warranty Deed
$880,000 · Seacoast National Bank
Oct 26, 2021
$1,345,000
Naice LLC
6939 Okeechobee LLC
Warranty Deed
$687,000 · Marine Bank & Trust Company
Aug 16, 2012
$1,050,000
6939 Okeechobee LLC
Robert Orton
Warranty Deed
$759,000 · Wells Fargo Bank NA
Aug 16, 2012
—
6939 Okeechobee LLC
Rodgers,mary L
Warranty Deed
—
Aug 6, 2012
—
Roberta Jo Orton
Osteen H L Living Trust
Grant Deed
related
—
Jan 8, 1997
—
Osteen Trust B
Osteen Trust
Quit Claim Deed
related
—
—
—
Howard L Osteen
—
Deed Of Trust
related
$43,167 · Individual
—
—
Peach Tree Holdings INC
—
Deed Of Trust
related
$313,000 · New Pappy's LLC
—
—
Osteen Howard L Living Trust
—
Deed Of Trust
related
$297,000 · Oculina Bank
—
—
Howard L Osteen JR.
—
Deed Of Trust
related
$250,000 · Oculina Bank
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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