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

    6940 Heritage Dr Fort Pierce, FL 34952-8205

    • Manufacturing properties
    • 3,213 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    9.3%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-4419632
    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

    • Manufacturing properties

    Property Details for 6940 Heritage Dr

    Year built
    2002
    Construction
    METAL FRAME
    Lot size
    0.50 lot acres
    Property size
    3,213 SF
    Zone code
    COMM GENRA
    Property type
    Manufacturing properties
    APN
    3415-702-0011-000-8
    APU
    341570200110008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $350,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $704,000
      Market price range: $394k - $762k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $790,000
      Current use
      AUTO REPAIR, GARAGE
      $840,000
      Change: +6% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $725,000
      Change: -8% Conversion: Difficult
      RETAIL STORES
      $650,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3273
    Latitude
    27.3387
    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
    $5,516
    $141,100
    $221,200
    $362,300
    -
    $141,100
    $221,200
    $362,300

    Comparable in this City

    • Value Estimation
      $1,185,000
      6,940 SF

      1538 Ses Niemeyer Cir

      MANUFACTURING (LIGHT) • 6,940 SF
      1538 Ses Niemeyer Cir, Port Saint Lucie, FL 34952-3506
      View Details
    • Value Estimation
      $2,810,000
      16,860 SF

      6599 Us Hwy 1st 1

      MANUFACTURING (LIGHT) • 16,860 SF
      6599 Us Hwy 1st 1, Fort Pierce, FL 34952-9008
      View Details
    • Value Estimation
      $5,760,000
      44,312 SF

      1249 Industrial Blvd

      MANUFACTURING (LIGHT) • 44,312 SF
      1249 Industrial Blvd, Port Saint Lucie, FL 34952-3502
      View Details
    • Value Estimation
      $2,000,000
      12,000 SF

      1443 Huffman Rd

      MANUFACTURING (LIGHT) • 12,000 SF
      1443 Huffman Rd, Port Saint Lucie, FL 34952-3353
      View Details
    • Value Estimation
      $815,000
      8,800 SF

      1666 Vlg Grn Dr

      MANUFACTURING (LIGHT) • 8,800 SF
      1666 Vlg Grn Dr, Port Saint Lucie, FL 34952-3425
      View Details
    • Value Estimation
      $2,340,000
      14,267 SF

      1702 Vlg Grn Dr

      MANUFACTURING (LIGHT) • 14,267 SF
      1702 Vlg Grn Dr, Port Saint Lucie, FL 34952-3456
      View Details

    Similar Nearby for Sale

    • $2,500,000
      11,500 SF

      Port St. Lucie Industrial Flex Building

      Fully occupied, high-return investment.
      1601 Village Green Dr, Port St. Lucie, FL 34952
      View Details
    • $339,900
      1,200 SF

      Port St. Lucie Warehouse - $339,900

      Two-unit warehouse, ideal for small business.
      1449 Village Green Dr, Port St. Lucie, FL 34952
      View Details
    • $1,250,000
      4,500 SF

      Warehouse with Secure Outdoor Storage

      Two-unit warehouse with secure, fenced outdoor storage near US Highway 1.
      6900 Heritage Dr, Port Saint Lucie, FL 34952
      View Details
    • New
      $235,000
      814 SF

      Port St. Lucie Commercial Condo

      Turnkey showroom/office/warehouse space in established Port St. Lucie district.
      1459 SE Village Green Dr, Port Saint Lucie, FL 34952
      View Details
    • New
      $235,000
      0.02 Acres

      Port St Lucie Showroom/Warehouse

      Turnkey showroom/warehouse in established Port St. Lucie commercial district.
      1459 SE Vlg Grn Dr, Port St Lucie, FL 34952
      View Details
    • $799,900
      2,384 SF

      Port St. Lucie Office Complex

      Mixed-use building, high visibility, 100% occupied.
      1514 Port St Lucie Blvd, Port St. Lucie, FL 34952
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,000 SF

      Port St. Lucie Warehouse Space

      2,000 SF warehouse with office, roll-up doors, ample parking.
      1593 SE Village Green Dr, Port Saint Lucie, FL 34952
      View Details
    • $1,331 /Mo

      Port St. Lucie Warehouse Space

      940 SF warehouse with office and loft for rent.
      1576 South Niemeyer Cir, Port St Lucie, FL 34952
      View Details
    • $18 SF/Yr
      17,250 SF

      Port St. Lucie Flex Warehouse

      17,250 SF Flex Space Available
      1669 South Niemeyer Cir, Port St. Lucie, 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
    • $18 SF/Yr
      21,899 SF

      Prime Medical Office Space, Port St. Lucie

      1,295 SF Available, US-1 Corridor
      10570 Us Highway 1, Port St. Lucie, FL 34952
      View Details
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    6940 Heritage Dr
    Fort Pierce, FL 34952-8205
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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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