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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Fort Pierce, FL 34950

    • Industrial properties
    • 5,872 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5155311
    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

    • Industrial properties

    Property Details for Fort

    Year built
    1960
    Lot size
    0.95 lot acres
    Property size
    5,872 SF
    Zone code
    MARINE IND
    Property type
    Industrial properties
    APN
    2403-341-0001-000-8
    APU
    240334100010008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $690,000
      6.5%
      $635,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $686,000
      Market price range: $522k - $1.37M
      AI Estimate
      $697,000
      Market price range: $342k - $1.31M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $845,000
      Current use
      MEDICAL BUILDING
      $1,115,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $925,000
      Change: +9% Conversion: Moderate
      WAREHOUSE, STORAGE
      $715,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3254
    Latitude
    27.4573
    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
    $0.00
    $497,700
    $74,900
    $572,600
    -
    $497,700
    $74,900
    $572,600

    Comparable in this City

    • Value Estimation by Request
      5,930 SF

      919 Us Highway 1

      Distribution properties • 5,930 SF
      919 Us Highway 1, Fort Pierce, FL 34950
      View Details
    • Value Estimation by Request

      1710 D Ave

      Distribution properties
      1710 D Ave, Fort Pierce, FL 34950
      View Details
    • Value Estimation
      $2,260,000
      17,760 SF

      600 3rd St

      HEAVY INDUSTRIAL • 17,760 SF
      600 3rd St, Fort Pierce, FL 34950-1525
      View Details
    • Value Estimation by Request
      0.69 Acres

      Commercial Cir

      INDUSTRIAL (GENERAL) • 0.69 Acres
      Commercial Cir, Fort Pierce, FL 34950
      View Details
    • Value Estimation by Request
      13,892 SF

      308 Ave A A

      LUMBERYARD, BUILDING MATERIALS • 13,892 SF
      308 Ave A A, Fort Pierce, FL 34950-4417
      View Details
    • Value Estimation by Request
      0.86 Acres

      Commercial Cir

      INDUSTRIAL (GENERAL) • 0.86 Acres
      Commercial Cir, Fort Pierce, FL 34950
      View Details

    Similar Nearby for Sale

    • $3,500,000
      9.84 Acres

      Prime Fort Pierce Industrial Land

      9.84 Acres, Ready to Build, I-95 Access
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    • $2,590,000

      Fort Pierce Warehouse Investment Opportunity

      Prime Industrial Warehouse, 27 Units
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    • $1,490,000
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      Fort Pierce Commercial Property

      High-Traffic US1 Location, Multi-Tenant Income
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    • $1,400,000
      1,462 SF

      Construction Equipment Sales and Rental

      1.19 acre site ideal for contractors and service companies.
      2108 Orange Ave, Fort Pierce, FL 34950
      View Details
    • $775,000

      Commercial Property Near Delaware Ave

      Commercial property with multiple uses, convenient access, and financing options.
      1531 Delaware Ave, Fort Pierce, FL 34950
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    • $850,000
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      Fort Pierce Warehouse - $850K

      Prime location, 1845 sq ft warehouse, vacant.
      1222 Orange Ave, Fort Pierce, FL 34950
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    Similar Nearby for Lease

    • $14 SF/Yr
      10,943 SF

      Fort Pierce Warehouse Complex

      Prime Office/Warehouse, 10,943 SF
      2007 Okeechobee Rd, Fort Pierce, FL 34950
      View Details
    • $22 SF/Yr
      8,204 SF

      Prime Fort Pierce Commercial Spaces

      Office and flex spaces available in historic downtown Fort Pierce.
      500 S Us Highway 1, Fort Pierce, FL 34950
      View Details
    • $16 SF/Yr
      10,544 SF

      Industrial Warehouse Near Downtown

      Warehouse space with fenced yard and street parking near US-1.
      519 Delaware Ave, Fort Pierce, FL 34950
      View Details
    • $15 SF/Yr
      1,406 SF

      Ave D Retail Warehouse Space

      Newly renovated, move-in ready warehouse.
      2017 Avenue D, Fort Pierce, FL 34950
      View Details
    • Contact for pricing

      Prime Fort Pierce Warehouse Site

      High-traffic location, versatile zoning.
      130 14Th St, Fort Pierce, FL 34950
      View Details
    • $20 SF/Yr
      2,831 SF

      Fort Pierce Warehouse For Lease

      Prime Retail Warehouse, 2831 sq ft
      914 D Ave, Fort Pierce, FL 34950
      View Details
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    Pierce, FL 34950
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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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