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    1935 45Th St Vero Beach, FL 32967

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    For Sale
    $1,550,000

    Residential development site near beaches, golf, and shopping.

    Property size:
    5 SF
    Lot size:
    5.00 Acres

    Property Features for 1935 45Th St

    General Information

    Size
    5 SF
    Lot size
    5.00 Acres

    Source: Nikolaus M. Schroth, CCIM Agent Nikolaus M. Schroth, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vero Beach Residential Development Site

    This residential development site is located east of U.S. Hwy 1 in Vero Beach, Florida. The site is near beaches, golf courses, shopping centers, and other area amenities. The property had previously been planned for 40 townhome units. Area developments are selling in the $400,000+ price range. The land size is approximately 5.00 acres. The zoning is RM-8. The future land use is M-1 (Medium-Density Residential -1 (8 Units/Acre). Utilities are available to the site. The taxes were $3,721.11 in 2021.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4047938
    Latitude
    27.6738292

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    FAQs

    What type of property is this?
    Land - Residential development site near beaches, golf, and shopping.
    Where is this land located?
    The property is located at 1935 45Th St Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Desirable Vero Beach location east of U.S. Hwy 1.; - Development site previously planned for 40 town-home units.; - Zoned RM-8, allowing for medium-density residential development (8 Units/Acre).
    (772) 403-3752
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    1935 45Th St Vero Beach, FL 32967
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    Vero Beach, FL 32967
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    Realmo Value Estimation

    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.

    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.

    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
    1935 45Th St Vero Beach, FL 32967
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