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    Property profile & analytics

    800 Virginia Ave Fort Pierce, FL 34982

    • Community centers
    • 20,000 SF
    • 5.53 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Last Sale
    Dec 05, 2024
    $750,000
    Value Estimations
    $760,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3972887
    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

    • Grafika Creative Solutions, Inc. / Graphic Designer / Print Shop
    • ADAP Counseling Services- Fort Pierce / Counselor
    • T D Siplin & Associates LLC / Insurance Agency / Investment Service
    • Maurice Levesque - Prudential Financial / Investment Service / Financial Consultant
    • Thomas Siplin - Prudential Financial / Investment Service / Financial Consultant

    Property Details for 800 Virginia Ave

    Year built
    1982
    Construction
    CONCRETE BLOCKS
    Lot size
    5.53 lot acres
    Property size
    20,000 SF
    Zone code
    GENERAL CO
    Property type
    Community centers
    APN
    2415-333-0002-000-7
    APU
    241533300020007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $750,000
      ML approach
      $750,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $893,000
      Market price range: $464k - $1.78M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3309
    Latitude
    27.426
    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
    $71,896
    $0.00
    $0.00
    $2,937,600
    -
    $0.00
    $0.00
    $2,937,600

    Comparable in this City

    • Value Estimation
      $365,000
      9,944 SF

      2915 Us Hwy 1st 1

      MINI-MALL • 9,944 SF
      2915 Us Hwy 1st 1, Fort Pierce, FL 34982-6335
      View Details
    • Value Estimation
      $405,000
      12,900 SF

      3205 Us Hwy 1st 1

      MINI-MALL • 12,900 SF
      3205 Us Hwy 1st 1, Fort Pierce, FL 34982-6346
      View Details
    • Value Estimation
      $275,000
      43,612 SF

      2960 Us Hwy 1st 1

      MINI-MALL • 43,612 SF
      2960 Us Hwy 1st 1, Fort Pierce, FL 34982-8142
      View Details
    • Value Estimation
      $275,000
      7,270 SF

      3212 Us Hwy 1st 1

      MINI-MALL • 7,270 SF
      3212 Us Hwy 1st 1, Fort Pierce, FL 34982-8112
      View Details
    • Value Estimation
      $880,000
      4,000 SF

      4131 Us Hwy 1st 1

      MINI-MALL • 4,000 SF
      4131 Us Hwy 1st 1, Fort Pierce, FL 34982-8334
      View Details
    • Value Estimation
      $345,000
      8,800 SF

      4822 Us Hwy 1st 1

      MINI-MALL • 8,800 SF
      4822 Us Hwy 1st 1, Fort Pierce, FL 34982-7013
      View Details

    Similar Nearby for Sale

    • $2,500,000
      3,367 SF

      Prime Hwy 1 QSR/Restaurant

      Freestanding building, drive-thru, high traffic.
      2716 Us Highway 1, Fort Pierce, FL 34982
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    • $1,699,000

      Fort Pierce Retail Investment Opportunity

      Net lease retail investment with national brand tenant.
      2402 S Us Highway 1, Fort Pierce, FL 34982
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    • $649,000
      1,200 SF

      Restaurant Building with Drive-Through

      Standalone restaurant with lease, drive-through, and redevelopment potential.
      2455 W Midway Rd, Fort Pierce, FL 34982
      View Details
    • $3,052,971
      0.67 Acres

      Florida Curaleaf Pharmacy Investment

      High-yield, NNN-leased pharmacy; strong tenant.
      3218 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $2,250,000
      4.40 Acres

      Commercial Property Near US #1

      Commercial property with shop building and CBS home near US #1.
      392 E Midway Rd, Fort Pierce, FL 34982
      View Details
    • $175,000

      Turnkey Restaurant Inside Hotel

      Fully equipped restaurant with private entry and owner financing.
      3224 S Us Highway 1, Fort Pierce, FL 34982
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,801 SF

      Fort Pierce Retail Land Opportunity

      Prime 1.85-acre retail site, build-to-suit.
      2960 Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $14 SF/Yr
      4,200 SF

      Modern Plaza Retail Space Available

      Upscale retail, office, or medical bays in St. Lucie County.
      2940-2960 S Us Highway 1, Fort Pierce, FL 34982
      View Details
    • $12 SF/Yr
      52,746 SF

      Fort Pierce Retail/Office/Medical Plaza

      Neighborhood plaza with spaces for retail, office, and medical tenants.
      800 Virginia Ave, Fort Pierce, FL 34982
      View Details
    • $1,750 /Mo

      Retail Space in Fort Pierce

      Retail space suitable for barber shops and nail salons.
      3731 Oleander 102, Fort Pierce, FL 34982
      View Details
    • $17 SF/Yr
      1,500 SF

      Modern Flex Office Spaces Available

      Flexible leasing options in modern flex office spaces.
      3801 Oleander Ave, Fort Pierce, FL 34982
      View Details
    • $17 SF/Yr
      1,500 SF

      Modern Flex Office Spaces Available

      Modern flex office spaces for lease in Fort Pierce, Florida.
      3801 Oleander Ave, Fort Pierce, FL 34982
      View Details
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    800 Virginia Ave
    Fort Pierce, FL 34982
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    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
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