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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Manufacturing properties
7385 Commercial Cir, Fort Pierce, FL 34951-4110
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0260359
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Construction
METAL FRAME
Total area
14,520 SF
Lot
1.29 ac (56,097 SF)
Zoning code
INDUSTRIAL
APN
1335-802-0045-000-1
UPID
US18-0260359
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
-
Aramark Uniform Services is now Vestis (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.92M
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.92M
Owner & transaction history
7385 Commercial Circle Prop Owner L · 2 yrs held
7385 Commercial Circle Prop Owner L
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL · Fort Pierce, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.9M
+39.9%
Medical building
$2.8M
+31.5%
Office building
$2.6M
+23.4%
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
$1,915,000
ML approach
$1,915,000
CAP Approach
CAP Return
Estimation
6%
$1,705,000
6.5%
$1,575,000
7%
$1,460,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,095,000
Current use
RETAIL STORES
$2,930,000
Change: +40% · Conversion: Moderate
MEDICAL BUILDING
$2,755,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$2,585,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,765,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±10% · vs last sale $1.91M (Jun 25 2024)
Last sale anchor
$1.91M
Jun 25 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
$132 / 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
$21,619
Tax year 2023
Assessed value
$1,348,600
Assessed 2023
Previous assessed
$1,348,600
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$265,300
Assessed improvement
$1,083,300
Land market value
$265,300
Improvement market value
$1,083,300
Total market value
$1,348,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2005
Construction
METAL FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
14,520 SF
Lot
1.29 ac (56,097 SF)
Zoning code
INDUSTRIAL
APN
1335-802-0045-000-1
UPID
US18-0260359
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2005
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
7385 Commercial Circle Prop Owner L
Individual
Mailing address
2141 S ALTERNATE 1ST TER STE #440, JUPITER, FL 33477-4063
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2024
$1,912,500
7385 Commercial Circle Prop Owner L
Gerald Rossi
Warranty Deed
$1,412,500 · Gerald Rossi Etux
Apr 30, 2019
—
Gerald Rossi
—
Deed
related
$200,000 · Charlotte St Bk&tr
Jun 7, 2007
$1,280,000
Gerald Rossi
Cfc Fort Pierce LLC
Warranty Deed
$700,000 · The Harris Bank NA
Jun 21, 2006
$1,000,000
Cfc Fort Pierce LLC
Coleman Floor
Warranty Deed
—
Mar 15, 2004
$221,600
Coleman Floor Co
Buerosse,william B
Grant Deed
—
Feb 28, 2003
$131,800
William B Buerosse
Kings Highway Industrial Park
Grant Deed
$47,700 · Edward P & Rene Miller
—
—
Rossi,gerald A & Lois J
—
Loan Modification
related
$300,000 · Bmo Harris Bk NA
—
—
Gerald Rossi
—
Deed Of Trust
related
$200,000 · Charlotte St Bk&tr
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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