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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Warehouses
1350 74th SW Ave, Vero Beach, FL 32968
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6084074
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2015
Construction
STEEL FRAME
Total area
11,472 SF
Lot
16.4 ac (714,384 SF)
Zoning code
A-1
APN
33-39-30-00001-0120-00001.0
UPID
US18-6084074
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
$2.30M
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$2.30M
Owner & transaction history
Coastal Waste & Recycling INC · 2 yrs held
Coastal Waste & Recycling INC
since 2024
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
A-1 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.7M
+120.2%
Medical building
$2.8M
+63.4%
Auto repair, garage
$2.5M
+47.9%
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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
$1,985,000
6.5%
$1,835,000
7%
$1,705,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,685,000
Current use
INDUSTRIAL (GENERAL)
$3,705,000
Change: +120% · Conversion: Easy
MEDICAL BUILDING
$2,750,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,490,000
Change: +48% · Conversion: Easy
RETAIL STORES
$2,475,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$2,390,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,155,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Jun 28 2024)
Last sale anchor
$2.30M
Jun 28 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
$200 / 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
$14,058
Tax year 2023
Assessed value
$943,828
Assessed 2023
Previous assessed
$943,828
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$418,200
Assessed improvement
$525,628
Land market value
$418,200
Improvement market value
$525,628
Total market value
$943,828
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Units
1
Total area
11,472 SF
Lot
16.4 ac (714,384 SF)
Zoning code
A-1
APN
33-39-30-00001-0120-00001.0
UPID
US18-6084074
Jurisdiction
INDIAN RIVER
Zoning & alternative use
A-1 · Vero Beach, FL
Zoning A-1 · permitted uses
A-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2015
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Units
1
Lot
16.4 ac
Current owner
From public records · entity-resolved
Coastal Waste & Recycling INC
Entity
Mailing address
2481 NW 2ND AVE #200, BOCA RATON, FL 33431-6745
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$2,300,000
Coastal Waste & Recycling INC
Indian River County Recyclers LLC
Warranty Deed
—
Jul 8, 2011
$335,000
Indian Riv Cnty Recyclers LLC
Feek,douglas L & Melanie B
Warranty Deed
—
Dec 8, 2010
$120,000
Douglas L Feek
Streetman,george H
Warranty Deed
$84,000 · Centerstate Bank Of Florida
—
—
Indian Riv Cnty Recyclers LLC
—
Deed Of Trust
related
$1,688,000 · Homebanc
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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