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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Assisted living facilities
703 29th St Fort Pierce, FL 34947-3625
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-5562247
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1980
Construction
CONCRETE BLOCKS
Total area
30,823 SF
Lot
2.86 ac (124,582 SF)
Zoning code
MEDIUM DEN
APN
2408-434-0003-000-2
UPID
US18-5562247
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
-
Sandgate Gardens Rehab & Nursing Center Rehabilitation Center
-
Sharareh Izadi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.03M
Owner & transaction history
703 South 29th St Realty LLC · 8 yrs held
703 South 29th St Realty LLC
since 2018
6 recorded transactions
Zoning & alternative use
MEDIUM DEN · 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
by Request
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$930,000
Current use
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10%
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
$33 / 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
$237,953
Tax year 2023
Assessed value
$9,663,000
Assessed 2023
Previous assessed
$9,587,200
+0.8% YoY
Effective rate
2.46%
On assessed value
Assessed land
$94,700
Assessed improvement
$9,568,300
Land market value
$94,700
Improvement market value
$9,568,300
Total market value
$9,663,000
Applied tax rate
9,022.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
107
Bathrooms
36
Total area
30,823 SF
Lot
2.86 ac (124,582 SF)
Zoning code
MEDIUM DEN
APN
2408-434-0003-000-2
UPID
US18-5562247
Jurisdiction
ST LUCIE
Zoning & alternative use
MEDIUM DEN · Fort Pierce, FLZoning MEDIUM DEN · permitted uses
MEDIUM DEN · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$930,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
107
Bathrooms
36
Lot
2.86 ac
Current owner
From public records · entity-resolved
703 South 29th St Realty LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1000 GATES AVE, BROOKLYN, NY 11221-6295
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2018
—
919 Old Winter Haven Realty
—
Loan Modification
related
$120,000,000 · Monticello Fndg L #bth 16 (ce)
Jul 6, 2018
$8,083,500
703 South 29th St Realty LLC
703 South 29th Street Spe LLC
Grant Deed
—
Nov 18, 2015
$11,500,000
703 South 29th Street Spe LLC
Sabra Health Care Holdings III
Grant Deed
$60,000,000 · Fc Lending Sunshine LLC
Mar 10, 2014
$10,077,400
Sabra Health Care Holdings III
703 South 29th Street LLC
Warranty Deed
—
Jan 17, 2013
$37,050
703 South 29th Street LLC
Health Care Reit INC
Grant Deed
$68,700 · Key Bank NA
Sep 8, 2005
$3,000,000
Health Care Reit INC
Monarch Properties
Grant Deed
—
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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