Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    919 Turtle Cove Ln Vero Beach, FL 32963

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Four-unit building near beach in Vero Beach.

    Lot size:
    0.24 Acres

    Property Features for 919 Turtle Cove Ln

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.24 Acres

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Joseph Schlitt
    Joseph Schlitt
    Source: Elliman

    Listing Agent: Joseph Schlitt

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

    Learn more

    Overview

    Vero Beach Multifamily Investment

    This is a rarely available four-unit multifamily building situated in Vero Beach's barrier island area, approximately half a block from a desirable beach. The concrete block construction houses four two-bedroom units. Its location provides convenient access to South Beach and nearby restaurants, including Tides, with Publix and Fresh Market located approximately five minutes away. This coastal investment opportunity offers potential, as properties with four or more units are not frequently available in the 32963 area.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Building Supply Kitchen & Bath Showroom Department Store Bar & Pub Hotel & Motel Bakery Nursing Home

    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
    -80.3529929
    Latitude
    27.6279814

    Nearby Similar for Sale

    • $950,000
      2,640 SF

      Vero Beach Retail Opportunity

      Renovated retail space near I-95 ready for new concept.
      8801 20Th St, Vero Beach, FL 32966
      View Details
    • $799,000
      0.59 Acres

      Vero Beach Investment Opportunity

      Investment opportunity in prime location near beaches and shopping plaza.
      148 Vista Royale Sq, Vero Beach, FL 32962
      View Details
    • $900,000
      247,420 SF

      Vero Beach Land with Building

      5+/- acre lot with 10,575 sq ft building.
      6205 65Th St, Vero Beach, FL 32967
      View Details
    • $3,000,000
      6,900 SF

      Vero Beach Restaurant Building

      High-visibility restaurant building with exceptional commercial opportunity in Vero Beach.
      3700 9Th St SW, Vero Beach, FL 32968
      View Details
    • $79,000
      4,600 SF

      Established Business in Vero Beach

      Turnkey business opportunity with vintage decor and furnishings in Florida.
      1642 Old Dixie Hwy, Vero Beach, FL 32960
      View Details
    • $79,000
      11,163 SF

      Established Business in Vero Beach

      Turnkey business with vintage decor, furnishings, and hand-crafted items.
      1642 Old Dixie Hwy, Vero Beach, FL 32960
      View Details
    • $1,100,000
      950 SF

      Turnkey Cafe/Restaurant Opportunity

      Fully equipped cafe with expansive outdoor seating in Vero Beach.
      3700 9Th St SW, Vero Beach, FL 32968
      View Details
    • $349,000

      Unique Upgraded Storage Unit

      Luxury storage unit with upgrades and high hurricane standards.
      956 12Th St, Vero Beach, FL 32960
      View Details
    • New
      $725,000
      1,200 SF

      Vero Beach Industrial Opportunity

      Warehouse with redevelopment potential in a growing Vero Beach corridor.
      866 SW 11Th Ct SW, Vero Beach, FL 32962
      View Details
    • $110,000

      Profitable Dual-Revenue Business Opportunity

      Established pet grooming and aquatics retail business for sale.
      1135 Us Highway 1, Vero Beach, FL 32960
      View Details
    • $7,900,000
      90,000 SF

      Vero Beach Industrial Property

      16.56-acre industrial property with 90,000+/- sq ft warehouse.
      2600 45Th St, Vero Beach, FL 32967
      View Details
    • $545,000
      0.38 Acres

      Vero Beach Fenced Commercial Property

      Fenced 0.38-acre CH-zoned property with renovated home and ample storage.
      40 5Th Ave, Vero Beach, FL 32962
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit building near beach in Vero Beach.
    Where is this quadplex located?
    The property is located at 919 Turtle Cove Ln Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Prime Location: Heart of Vero Beach barrier island, just \u00bd block to desirable beach; - Rare Opportunity: Seldom available 4-unit property in sought-after 32963; - Strong Investment Potential: Coastal investment with upside
    (772) 360-6824
    Request Owner's contact information
    919 Turtle Cove Ln Vero Beach, FL 32963
    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.
    919 Turtle Cove Ln
    Vero Beach, FL 32963
    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
    919 Turtle Cove Ln Vero Beach, FL 32963
    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

    We can help!
    Listing Contact
    Joseph Schlitt
    Joseph Schlitt
    Real Estate License ID: BK3102713
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!