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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail space
722 Us Hwy 1st 1 Fort Pierce, FL 34950-8329
Entity Owned
2-yr Hold
Free & Clear
Property ID
US19-0831824
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
CONCRETE BLOCKS
Total area
4,038 SF
Lot
0.27 ac (11,905 SF)
Zoning code
GENERAL CO
APN
2410-711-0042-000-4
UPID
US19-0831824
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$690k
Owner & transaction history
Bismilla Investments Group 2 LLC · 2 yrs held
Bismilla Investments Group 2 LLC
since 2024
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+74.2%
Auto repair, garage
$1.1M
+66.4%
Neighborhood: shopping center
$910,000
+43.5%
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
$680,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
RETAIL STORES
$635,000
Current use
OFFICE BUILDING
$1,105,000
Change: +74% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,055,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$910,000
Change: +43% · Conversion: Moderate
MEDICAL BUILDING
$765,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $700k (Apr 11 2024)
Last sale anchor
$700k
Apr 11 2024
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
$171 / 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
$13,398
Tax year 2023
Assessed value
$535,000
Assessed 2023
Previous assessed
$622,400
-14.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$171,100
Assessed improvement
$363,900
Land market value
$171,100
Improvement market value
$363,900
Total market value
$535,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
4
Bathrooms
1
Total area
4,038 SF
Lot
0.27 ac (11,905 SF)
Zoning code
GENERAL CO
APN
2410-711-0042-000-4
UPID
US19-0831824
Jurisdiction
ST LUCIE
Zoning & alternative use
GENERAL CO · Fort Pierce, FL
Zoning 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
Fort Pierce. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$635,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$910,000
MEDICAL BUILDING
Est. value
$765,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1945
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Bismilla Investments Group 2 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3750 N STATE RD 7TH RD, LAUDERDALE LAKES, FL 33319-5610
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
$700,000
Bismilla Investments Group 2 LLC
Edens Cremation Society Of Florida
Warranty Deed
—
May 5, 2022
$660,000
Eden S Cremation Society Of Florida
Property Rental Of Fort Pierce LLC
Warranty Deed
$660,000 · Matthew Rudd
Jul 19, 2021
$300,000
Property Rental Of Fort Pierce LLC
Costa Seafood And Grill LLC
Warranty Deed
$199,000 · Nevada Funding LLC
May 18, 2015
$270,000
Costa Seafood & Grill LLC
722 Us Hwy One LLC
Warranty Deed
$189,000 · 722 Us Hwy One LLC
Apr 11, 2013
—
722 Us Hwy One LLC
Anderson,mark & Michael Coc
Trustees Deed
related
—
Sep 3, 2010
$285,000
Mark Anderson
722 Us Hwy One LLC
Warranty Deed
$243,967 · 722 Us Hwy One LLC
Jul 1, 2010
$142,000
722 Us Hwy One LLC
Bayview Ln Svcg LLC
Grant Deed
—
Jul 22, 2008
—
Bayview Loan Serving LLC
Clerk Of Circuit Ct/st Lucie Cnty
Trustees Deed
related
—
Jun 26, 2007
$675,000
Ok Kyong Dong
Tobias Residential Property LLC
Warranty Deed
$405,000 · Creative Financial Services Of Tamp
Jul 2, 2002
$355,000
Tobias Residential Property Lc
Todesco,joseph
Grant Deed
$284,000 · Gulfstream Business Bank
—
—
Joseph Todesco
—
Deed Of Trust
related
$6,000 · Brad Culverhouse
—
—
Mark Anderson
—
Deed Of Trust
related
—
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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