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

    Selvitz Rd Fort Pierce, FL 34950

    • Warehouses
    • 2,400 SF
    • 1.02 lot acres
    OFF-MARKET
    Last Sale
    Jul 31, 2023
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7261752
    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

    • Warehouses

    Property Details for Selvitz Rd

    Year built
    1983
    Construction
    WOOD
    Lot size
    1.02 lot acres
    Property size
    2,400 SF
    Zone code
    INDUST HEA
    Property type
    Warehouses
    APN
    2432-222-0002-000-9
    APU
    243222200020009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3658
    Latitude
    27.3959
    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
    $5,403
    $283,300
    $40,000
    $323,300
    -
    $283,300
    $40,000
    $323,300

    Comparable in this City

    • Value Estimation by Request

      914 D Ave

      Distribution properties
      914 D Ave, Fort Pierce, FL 34950
      View Details
    • Value Estimation by Request

      21 Fishermans Wharf Rd

      Distribution properties
      21 Fishermans Wharf Rd, Fort Pierce, FL 34950
      View Details
    • Value Estimation
      $4,500,000
      3.36 Acres

      2nd St

      STORAGE YARD (JUNK, SALVAGE) • 3.36 Acres
      2nd St, Fort Pierce, FL 34950
      View Details
    • Value Estimation by Request

      130 14Th St

      Distribution properties
      130 14Th St, Fort Pierce, FL 34950
      View Details
    • Value Estimation by Request
      12,000 SF

      621 Us Highway 1

      Distribution properties • 12,000 SF
      621 Us Highway 1, Fort Pierce, FL 34950
      View Details
    • Value Estimation by Request

      2107 Golfview Ct

      Distribution properties
      2107 Golfview Ct, Fort Pierce, FL 34950
      View Details

    Similar Nearby for Sale

    • $850,000
      1,845 SF

      Fort Pierce Warehouse - $850K

      Prime location, 1845 sq ft warehouse, vacant.
      1222 Orange Ave, Fort Pierce, FL 34950
      View Details
    • $1,800,000

      Fort Pierce Warehouse - Prime Location

      Rare Waterfront Warehouse Opportunity in Florida
      21 Fishermans Wharf Rd, Fort Pierce, FL 34950
      View Details
    • $2,590,000

      Fort Pierce Warehouse Investment Opportunity

      Prime Industrial Warehouse, 27 Units
      1921 Ave D Ave, Fort Pierce, FL 34950
      View Details
    • $3,500,000
      9.84 Acres

      Prime Fort Pierce Industrial Land

      9.84 Acres, Ready to Build, I-95 Access
      0 Oleander Blvd, Fort Pierce, FL 34950
      View Details
    • $1,490,000
      11,661 SF

      Fort Pierce Commercial Property

      High-Traffic US1 Location, Multi-Tenant Income
      621 Us Highway 1, Fort Pierce, FL 34950
      View Details
    • $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

    Similar Nearby for Lease

    • 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
    • $180 SF/Yr
      6,696 SF

      Fort Pierce Warehouse: 6,696 SF

      Prime FL Warehouse, Retail Potential
      1620 Orange Ave, Fort Pierce, FL 34950
      View Details
    • $22 SF/Yr
      980 SF

      Flex Unit in Fort Pierce

      Flex unit with roll-up door and high ceilings available for lease.
      500-503 S 3Rd St, Fort Pierce, FL 34950
      View Details
    • $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
    • $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
    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.
    Selvitz Rd
    Fort Pierce, FL 34950
    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.