Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7397 Commercial Cir Fort Pierce, FL 34951-4119

    • Warehouses
    • 15,741 SF
    • 1.38 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2024
    $2,650,000
    Value Estimations
    $2,045,000
    Show details
    Cap Rate Potential
    8.9%
    Warehouses
    Location Intelligence
    Property ID
    US18-5009602
    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

    • Stainless Customs / Metal Fabricator
    • Eagle Electric of North Palm Beach, LLC. / Contractor

    Property Details for 7397 Commercial Cir

    Year built
    2007
    Construction
    METAL FRAME
    Lot size
    1.38 lot acres
    Property size
    15,741 SF
    Zone code
    INDUSTRIAL
    Property type
    Warehouses
    APN
    1335-802-0044-000-4
    APU
    133580200440004

    Description

    This exceptional 15,741-square-foot industrial building, situated on a 1.38-acre lot in Fort Pierce, Florida's Kings Highway Industrial Park, presents a compelling investment opportunity. Built in 2007, this single-story structure boasts a flexible design, originally configured for multiple tenants but now ideally suited for a single owner-user. The efficient layout maximizes space, offering ample laydown area and excellent site circulation. The property features six 12' x 14' overhead metal doors, providing convenient access for loading and unloading. Inside, you'll find 18' eave height, 31 parking spaces, and a robust electrical system including 800 amp 3-phase service split into six individual panels and a house panel. Safety and security are ensured with a gated driveway, ample security lighting, and a comprehensive fire sprinkler system (6" mainline service). The property is zoned Industrial Light (IL) and is conveniently located near major highways, offering easy access to the Treasure Coast and beyond. A leaseback option from the current owner is available for negotiation. The property's APN is 1335-802-0044-000-4. This well-maintained property represents a strong value at $177.56 per square foot. The Fort Pierce Utilities Authority provides utilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,520,000
      ML approach
      $1,485,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,245,000
      6.5%
      $2,075,000
      7%
      $1,925,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,896,000
      Market price range: $1.20M - $2.62M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,910,000
      Current use
      RETAIL STORES
      $3,175,000
      Change: +66% Conversion: Moderate
      MEDICAL BUILDING
      $2,985,000
      Change: +56% Conversion: Difficult
      OFFICE BUILDING
      $2,805,000
      Change: +47% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,270,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.4053
    Latitude
    27.4756
    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
    $28,699
    $275,300
    $1,325,900
    $1,601,200
    -
    $275,300
    $1,325,900
    $1,601,200

    Comparable in this City

    • Value Estimation
      $965,000
      12,552 SF

      7496 Commercial Cir

      WAREHOUSE, STORAGE • 12,552 SF
      7496 Commercial Cir, Fort Pierce, FL 34951-4111
      View Details
    • Value Estimation
      $690,000
      8,000 SF

      7370 Commercial Cir

      WAREHOUSE, STORAGE • 8,000 SF
      7370 Commercial Cir, Fort Pierce, FL 34951-4109
      View Details
    • Value Estimation
      $960,000
      11,340 SF

      7511 Commercial Cir

      WAREHOUSE, STORAGE • 11,340 SF
      7511 Commercial Cir, Fort Pierce, FL 34951-4100
      View Details
    • Value Estimation by Request
      4,000 SF

      7348 Commercial Cir

      WAREHOUSE, STORAGE • 4,000 SF
      7348 Commercial Cir, Fort Pierce, FL 34951-4109
      View Details
    • Value Estimation
      $1,945,000
      21,669 SF

      7463 Commercial Cir

      WAREHOUSE, STORAGE • 21,669 SF
      7463 Commercial Cir, Fort Pierce, FL 34951-4116
      View Details
    • Value Estimation
      $725,000
      8,750 SF

      2001 Kings Hwy

      WAREHOUSE, STORAGE • 8,750 SF
      2001 Kings Hwy, Fort Pierce, FL 34951-4018
      View Details

    Similar Nearby for Sale

    • $2,100,000
      5,460 SF

      Fort Pierce Warehouse - $2.1M

      5,460 SF Warehouse, 1.64 Acres
      3100 Kings Hwy, Fort Pierce, FL 34951
      View Details
    • $1,750,000
      5,460 SF

      Warehouse with Excess Land

      Warehouse with office, mezzanine storage, and expansion potential.
      3100 N Kings Hwy, Fort Pierce, FL 34951
      View Details
    • $1,300,000

      Manufacturing Business with Real Estate

      Profitable manufacturing business with real estate option in Fort Pierce.
      0000 Us Highway 1, Fort Pierce, FL 34951
      View Details
    • $1,350,000
      5.06 Acres

      Indrio Self Storage Land - FL

      5-Acre Self Storage Development Site
      4875 Us Hwy 1, Lakewood Park, FL 34951
      View Details
    • $2,500,000
      4.20 Acres

      Established Manufacturing Business on 4+ Acres

      Successful manufacturing business with room for expansion on US #1.
      0000 Us Highway 1, Fort Pierce, FL 34951
      View Details
    • $2,150,000
      19.51 Acres

      Prime 19.51-Acre Commercial Land

      Fort Pierce, FL development opportunity.
      0 Kings Hwy Ft, Lakewood Park, FL 34951
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      12,110 SF

      Industrial Space in Fort Pierce

      Industrial space for lease, ideal for warehousing and distribution.
      7328 Commercial Cir, Fort Pierce, FL 34951
      View Details
    • Contact for pricing
      74,488 SF

      Kings Highway Industrial Land

      ±1.71 Acres, Shovel-Ready, I-95 Access
      7336 Commercial Cir, Fort Pierce, FL 34951
      View Details
    • $1.49 SF/Yr
      9,672 SF

      Prime Fort Pierce Retail Space

      9,672 SF Single-Tenant Retail Building
      5180 Turnpike Feeder Rd, Fort Pierce, FL 34951
      View Details
    • $2,600 /Mo

      Retail Space in Lakewood Park

      Retail space available in the Lakewood Park community.
      5204 5204, Fort Pierce, FL 34951
      View Details
    • $7,000 /Mo
      2 SF

      Cleared Land with Highway Access

      Two-acre cleared land suitable for trucking or fleet parking.
      7491 Commercial Cir, Fort Pierce, FL 34951
      View Details
    • $12 SF/Yr

      Lakewood Park Retail/Office Space

      Retail/office space in Fort Pierce, suitable for various businesses.
      5055 Turnpike Feeder Rd, Fort Pierce, FL 34951
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7397 Commercial Cir
    Fort Pierce, FL 34951-4119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.