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

    2017 Indian River Blvd Vero Beach, FL 32960

    • Commercial real estate
    • 1,660 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Latin Melting Pot / Restaurant

    Property Details for 2017 Indian River Blvd

    Property size
    1,660 SF
    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3815
    Latitude
    27.6393

    Comparable in this City

    • Value Estimation by Request
      1,496 SF

      1706 19th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,496 SF
      1706 19th Pl, Vero Beach, FL 32960-5365
      View Details
    • Value Estimation by Request
      2,016 SF

      1406 41st Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,016 SF
      1406 41st Ave, Vero Beach, FL 32960-2758
      View Details
    • Value Estimation by Request
      2,697 SF

      1037 25th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,697 SF
      1037 25th St, Vero Beach, FL 32960-5040
      View Details
    • Value Estimation
      $870,000
      4,166 SF

      2134 19th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,166 SF
      2134 19th St, Vero Beach, FL 32960-6603
      View Details
    • Value Estimation by Request
      2,374 SF

      1935 22nd Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,374 SF
      1935 22nd Ave, Vero Beach, FL 32960-3016
      View Details
    • Value Estimation
      $530,000
      1,284 SF

      1406 36th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,284 SF
      1406 36th Ave, Vero Beach, FL 32960-2783
      View Details

    Similar Nearby for Sale

    • $1,695,000
      5,145 SF

      Vero Beach Investment Opportunity

      Fully leased commercial building in Vero Beach with 8.5% ROI.
      1103 21St St, Vero Beach, FL 32960
      View Details
    • $1,650,000
      6.44 Acres

      SR 60 Vero Beach Commercial Land

      6.44 Acres, Prime Location, Development Potential
      0 Sr 60, Vero Beach, FL 32960
      View Details
    • $3,000,000
      7,783 SF

      World Class Academy

      Preschool for sale
      Vero Beach, FL 32960
      View Details
    • $475,000

      Vero Beach Duplex For Sale

      Charming duplex in Vero Beach with rental income potential.
      2146 18Th Ave, Vero Beach, FL 32960
      View Details
    • $2,790,000
      0.29 Acres

      Canal-Front Mixed-Use Investment Opportunity

      Mixed-use property with retail income and residential upside.
      23 Royal Palm Pt, Vero Beach, FL 32960
      View Details
    • $750,000

      Iconic Landmark Building For Sale

      Rare architectural gem suitable for jazz lounge or fine dining.
      1965 43Rd Ave, Vero Beach, FL 32960
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      10,668 SF

      Vero Beach Medical Office Space

      5,712 SF Medical Office for Sale
      1260 37Th St, Vero Beach, FL 32960
      View Details
    • $22 SF/Yr
      10,134 SF

      Vero Beach Executive Office Suites

      Prime Vero Beach office space, flexible options.
      601 21St St, Vero Beach, FL 32960
      View Details
    • $53 SF/Yr

      Turn-key Auto Garage For Rent

      Auto garage with high visibility and ample parking available for rent.
      1006 21St St, Vero Beach, FL 32960
      View Details
    • $19 SF/Yr

      Vero Beach Office Space Available

      Office space for rent in a convenient central location.
      1965 42Nd Ave, Vero Beach, FL 32960
      View Details
    • $32 SF/Yr

      Medical/Office Space Near Hospital

      Ground floor and third floor office space available for rent.
      2750 Fl. North Bldg., Vero Beach, FL 32960
      View Details
    • $23 SF/Yr

      Retail/Office Space For Rent

      Affordable retail or office space in high-traffic Vero Beach location.
      1070 12Th St, Vero Beach, FL 32960
      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.
    2017 Indian River Blvd
    Vero Beach, FL 32960
    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.