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Property profile & analytics
OFF-MARKET
Estimated value
$6,250,000
Office buildings
1339 20th St Vero Beach, FL 32960-3559
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3463811
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,429 SF
Lot
1.74 ac (75,794 SF)
Zoning code
DTW
APN
33-39-02-00001-0480-00000.1
UPID
US18-3463811
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
$6.25M
CAP Approach
CAP
$5.35M
Comparable Approach
Comparable
$4.62M
Blend (final)
Blend
$6.25M
Owner & transaction history
Childcare Resources Of Indian River · 2 yrs held
Childcare Resources Of Indian River
since 2024
Last sale
$6.3M
1 recorded transaction
Zoning & alternative use
DTW · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.1M
+28.1%
Auto repair, garage
$6.6M
+18.6%
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
$6,250,000
ML approach
$6,250,000
CAP Approach
CAP Return
Estimation
6%
$5,790,000
6.5%
$5,345,000
7%
$4,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,570,000
Current use
MEDICAL BUILDING
$7,135,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,600,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$5,540,000
Change: -1% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,265,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$4,465,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$6.25M
Range $5.63M – $6.88M · ±10% · vs last sale $6.25M (Mar 26 2024)
Last sale anchor
$6.25M
Mar 26 2024
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
$205 / 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
$40,060
Tax year 2023
Assessed value
$2,319,151
Assessed 2023
Previous assessed
$2,319,151
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$644,181
Assessed improvement
$1,674,970
Land market value
$644,181
Improvement market value
$1,674,970
Total market value
$2,319,151
Applied tax rate
8.0000
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
30,429 SF
Lot
1.74 ac (75,794 SF)
Zoning code
DTW
APN
33-39-02-00001-0480-00000.1
UPID
US18-3463811
Jurisdiction
INDIAN RIVER
Zoning & alternative use
DTW · Vero Beach, FL
Zoning DTW · permitted uses
DTW · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vero Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.6M
RETAIL STORES
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$4.5M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
Childcare Resources Of Indian River
Individual
Mailing address
2300 5TH AVE STE #149, VERO BEACH, FL 32960-5134
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
$6,250,000
Childcare Resources Of Indian River
Live Oak Investment Group INC
Warranty Deed
$4,375,000 · Florida Community Loan Fund INC
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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