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Property profile & analytics
OFF-MARKET
Industrial properties
702 Market Ave Fort Pierce, FL 34982-8214
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3719694
Property summary
AI-generated overview
This exceptional industrial property in Fort Pierce, Florida, presents a significant opportunity. Encompassing 20,833 square feet, the property features three buildings on a 4.3-acre lot, ideal for various uses. The main structure is a single-story warehouse with 14 drive-in doors, providing convenient access for loading and unloading. The property's zoning is designated as Industrial Light. The site includes substantial outdoor storage space, perfect for equipment sales, fleet parking, or similar operations. Located less than half a mile from US Highway 1, this location offers excellent transport access. The property's three buildings include two large bay warehouses and a separate office building. The property is situated at 702 S Market Ave, Fort Pierce, FL 34982, and has the APN numbers: 2434-601-0013-090-5
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
0.46 ac (19,875 SF)
Zoning code
INDUSTRIAL
APN
2434-601-0016-020-5
UPID
US18-3719694
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
-
Thermo King of the Southeast - Ft. Pierce Freight Service Logistics Company
-
Thermo King of the Southeast—Fort Pierce Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Commonwealth Multi-properties · 8 yrs held
Commonwealth Multi-properties
since 2017
3 recorded transactions
Zoning & alternative use
INDUSTRIAL · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$989
Tax year 2023
Assessed value
$67,200
Assessed 2023
Previous assessed
$39,200
+71.4% YoY
Effective rate
1.47%
On assessed value
Assessed land
$67,200
Land market value
$67,200
Total market value
$67,200
Applied tax rate
2.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.46 ac (19,875 SF)
Zoning code
INDUSTRIAL
APN
2434-601-0016-020-5
UPID
US18-3719694
Jurisdiction
ST LUCIE
Zoning & alternative use
INDUSTRIAL · Fort Pierce, FL
Zoning INDUSTRIAL · permitted uses
INDUSTRIAL · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Commonwealth Multi-properties
Entity
Free & Clear · 8 yrs held
Mailing address
16370 NW 8TH DR, PEMBROKE PINES, FL 33028-1108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2017
$675,000
Commonwealth Multi-properties
Thermo King Of Fort Pierce LLC
Warranty Deed
—
Jul 5, 2005
—
702 South Market Avenue LLC
Sizemore,marion M & Ruth M
Quit Claim Deed
related
—
—
—
Thermo King Of Fort Pierce LLC
—
Deed Of Trust
related
$637,500 · First Atlantic 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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