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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Office buildings
1175 Us Hwy 1st 1 Vero Beach, FL 32962-5606
Entity Owned
14-yr Hold
Free & Clear
Property ID
US19-0838036
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,096 SF
Lot
2.42 ac (105,415 SF)
Zoning code
CG
APN
33-40-30-00000-3000-00030.0
UPID
US19-0838036
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.68M
Owner & transaction history
Tasso Ents INC · 14 yrs held
Tasso Ents INC
since 2011
3 recorded transactions
Zoning & alternative use
CG · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+15.1%
Auto repair, garage
$2.2M
+4.1%
Retail stores
$2.2M
+3.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Vero Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vero Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,920,000
6.5%
$1,775,000
7%
$1,645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,105,000
Current use
MEDICAL BUILDING
$2,420,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,190,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$2,175,000
Change: +3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,900,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$166 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,929
Tax year 2023
Assessed value
$908,165
Assessed 2023
Previous assessed
$910,239
-0.2% YoY
Effective rate
1.53%
On assessed value
Assessed land
$268,989
Assessed improvement
$639,176
Land market value
$268,989
Improvement market value
$639,176
Total market value
$908,165
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
10,096 SF
Lot
2.42 ac (105,415 SF)
Zoning code
CG
APN
33-40-30-00000-3000-00030.0
UPID
US19-0838036
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CG · Vero Beach, FLZoning CG · permitted uses
CG · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
2
Lot
2.42 ac
Current owner
From public records · entity-resolved
Tasso Ents INC
Entity
Free & Clear · 14 yrs held
Mailing address
1175 US HWY 1ST 1, VERO BEACH, FL 32960-5790
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2011
—
Tasso Ents INC
Janke,walter H
Quit Claim Deed
related
—
Dec 6, 2006
$2,160,000
Moh Investment Group LLC
Janke,walter H
Grant Deed
$1,620,000 · Walter H Janke
Aug 15, 2002
$1,200,000
Walter H Janke
Tanase,john C
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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