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

    879 Prima Vis Blvd Fort Pierce, FL 34952-2342

    • Office buildings
    • 4,048 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Aug 29, 2023
    $5,900,000
    Value Estimations
    $5,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3421546
    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

    • Center for Professional Training and Development Inc. / Vocational School / Training Center
    • Memories By Mark / Wedding Service / Photography Service

    Property Details for 879 Prima Vis Blvd

    Year built
    1980
    Construction
    CONCRETE BLOCKS
    Lot size
    0.42 lot acres
    Property size
    4,048 SF
    Zone code
    PLANNED NO
    Property type
    Office buildings
    APN
    3419-515-0001-010-6
    APU
    341951500010106

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,630,000
      ML approach
      $4,750,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3228
    Latitude
    27.3268
    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
    $8,068
    $197,600
    $217,200
    $414,800
    -
    $197,600
    $217,200
    $414,800

    Comparable in this City

    • Value Estimation
      $1,435,000
      6,620 SF

      1770 Hillmoor Dr

      PROFESSIONAL BUILDING • 6,620 SF
      1770 Hillmoor Dr, Port Saint Lucie, FL 34952-7534
      View Details
    • Value Estimation
      $1,645,000
      7,950 SF

      1847 Prt St Lucie Blvd

      OFFICE BUILDING • 7,950 SF
      1847 Prt St Lucie Blvd, Port Saint Lucie, FL 34952-5530
      View Details
    • Value Estimation
      $1,445,000
      7,104 SF

      1591 Prt St Lucie Blvd

      OFFICE BUILDING • 7,104 SF
      1591 Prt St Lucie Blvd, Port Saint Lucie, FL 34952-5480
      View Details
    • Value Estimation
      $895,000
      3,960 SF

      1222 Prt St Lucie Blvd

      PROFESSIONAL BUILDING • 3,960 SF
      1222 Prt St Lucie Blvd, Port Saint Lucie, FL 34952-5364
      View Details
    • Value Estimation
      $1,595,000
      13,707 SF

      7041 Us Hwy 1st 1

      OFFICE BUILDING • 13,707 SF
      7041 Us Hwy 1st 1, Fort Pierce, FL 34952-1429
      View Details
    • Value Estimation
      $955,000
      4,900 SF

      10870 Us Hwy 1st 1

      OFFICE BUILDING • 4,900 SF
      10870 Us Hwy 1st 1, Fort Pierce, FL 34952-6405
      View Details

    Similar Nearby for Sale

    • $799,900
      2,384 SF

      Port St. Lucie Office Complex

      Mixed-use building, high visibility, 100% occupied.
      1514 Port St Lucie Blvd, Port St. Lucie, FL 34952
      View Details
    • $269,000

      Port St. Lucie Office Space

      Prime Medical Office, 2033 sq ft
      1400 Goldtree Dr, Port St. Lucie, FL 34952
      View Details
    • Contact for pricing

      Executive Office Suite For Sale

      Class A office suite in Port St. Lucie medical corridor.
      2100 SE Hillmoor Dr, Port St Lucie, FL 34952
      View Details
    • $300,000

      Professional/Medical Office Space For Sale

      Office space for sale near HCA Florida St. Lucie Hospital.
      1400 NE Goldtree Dr, Port St Lucie, FL 34952
      View Details
    • $235,000
      814 SF

      Port St. Lucie Commercial Condo

      Turnkey showroom/office/warehouse space in established Port St. Lucie district.
      1459 SE Village Green Dr, Port Saint Lucie, FL 34952
      View Details
    • $1,850,000
      4.95 Acres

      Prime US-1 Commercial Land

      4.95 Acres, High-Traffic Location
      6200 Us Highway 1, Fort Pierce, FL 34952
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      8,766 SF

      Fountain Plaza Executive Suites

      Prime Hobe Sound Office Space, 775-3000 sqft
      10000-10040 Federal Hwy, Hobe Sound, FL 34952
      View Details
    • $12 SF/Yr
      19,008 SF

      Retail/Office Space on US Highway

      Retail, office, or medical spaces with high visibility.
      10600-10642 South Federal Hwy, Port St Lucie, FL 34952
      View Details
    • $13 SF/Yr
      8,200 SF

      Port St. Lucie Office Space

      8,200 SF office space available for lease.
      904 E Prima Vista Blvd, Port St Lucie, FL 34952
      View Details
    • $26 SF/Yr
      46,609 SF

      Freestanding Building on US Highway

      General Commercial zoning ideal for retail, medical, or restaurant.
      10244 S Us Highway 1, Port St Lucie, FL 34952
      View Details
    • $2,287 /Mo
      998 SF

      Professional Office Space Available

      Class A office suite with private offices and open space.
      2100 SE Hillmoor Dr, Port St Lucie, FL 34952
      View Details
    • $18 SF/Yr
      21,899 SF

      Prime Medical Office Space, Port St. Lucie

      1,295 SF Available, US-1 Corridor
      10570 Us Highway 1, Port St. Lucie, FL 34952
      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.
    879 Prima Vis Blvd
    Fort Pierce, FL 34952-2342
    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.