Property profile

1705 Ocean Dr Vero Beach, FL 32963

OFF-MARKET
Motels
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Property ID
US19-0461692
8,611 SF 0.55 ac Built 1956
Last sale Mar 2023·$4,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional 18-unit hotel presents a lucrative investment opportunity in Vero Beach, Florida. Located at 1705 S Ocean Drive S, this established property boasts a prime location directly across from public beach access, ensuring high occupancy rates. Built in 1956 and situated on a spacious 23,958 square foot lot, the hotel has undergone significant recent upgrades. These improvements include a new roof, an updated electrical panel, and a modernized billing system, streamlining…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$1.07M
Assessed land$611k
Assessed improvement$462k
Effective rate1.55%

Value estimate

· Nov 2026
$4.29M
$3.86M – $4.71M
AI approach$4.23M
Submarket $/SF estimate$4.29M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$639/SF
ZIP average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$498 – $743

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RM-10
These districts are designed to provide suitable areas for medium density residential development where sufficient urban services and fac...
General categoryRESIDENTIAL
JurisdictionINDIAN RIVER

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply9.9
Parking Facility9.9
Electrical Service9.3

Location

1705 Ocean Dr Vero Beach, FL 32963-2260
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 8 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
965 Cswy, Vero Beach, FL 32963-2235 $2,700,000 Dec 2021 7,342 SF
3101 Ocean, Vero Beach, FL 32963-1955 $2,800,000 Jun 2021 7,224 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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