Back to Search
Property profile & analytics
FOR LEASE
Office buildings
1402 Old Dixie Hwy Vero Beach, FL 32960
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5149802
For Lease
1 / 10
$10 SF/Yr
1402 Old Dixie Hwy, Vero Beach, FL 32960
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,482 SF
Lot
6.13 ac (267,023 SF)
Zoning code
M
APN
33-39-12-00000-3000-00015.0
UPID
US18-5149802
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
Current use
Occupant on record · Public records
-
Life Changers Global Nation Ministries Church Mosque
-
Roxy's Pet Spa Pet Grooming Service
-
Spin Xperience Cycling Facility Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$3.95M
Owner & transaction history
Emma I LLC · 4 yrs held
Emma I LLC
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
M · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,205,000
ML approach
$4,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.95M
Range $3.55M – $4.34M · ±10% · vs last sale $3.70M (Mar 16 2022)
Last sale anchor
$3.70M
Mar 16 2022
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
$78 / 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
$54,653
Tax year 2023
Assessed value
$3,088,362
Assessed 2023
Previous assessed
$2,550,532
+21.1% YoY
Effective rate
1.77%
On assessed value
Assessed land
$453,939
Assessed improvement
$2,634,423
Land market value
$453,939
Improvement market value
$2,634,423
Total market value
$3,088,362
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
For Lease
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
50,482 SF
Lot
6.13 ac (267,023 SF)
Zoning code
M
APN
33-39-12-00000-3000-00015.0
UPID
US18-5149802
Jurisdiction
INDIAN RIVER
Zoning & alternative use
M · Vero Beach, FL
Zoning M · permitted uses
M · 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.
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
6.13 ac
Current owner
From public records · entity-resolved
Emma I LLC
Entity
Mailing address
10905 SAVONA WAY, ORLANDO, FL 32827-7272
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
$3,700,000
Emma I LLC
Sea Turtle Properties LLC
Warranty Deed
$2,775,000 · Bank Of The Ozarks
Aug 6, 2019
—
Sea Turtle Properties LLC
—
Deed
related
$2,120,000 · Fcb Bk
Jul 20, 2016
$2,650,000
Sea Turtle Properties LLC
Ktlc Dcc LLC
Warranty Deed
$2,120,000 · First Collinsville Bank
May 14, 2013
$836,100
Ktlc Dcc LLC
Vero Pavilion LLC Coc
Trustees Deed
related
—
Aug 20, 2004
$3,650,000
Vero Pavilion LLC
Vero Beach Office Plaza LLC
Grant Deed
related
$2,750,000 · Pan American Bank
Nov 15, 2002
$2,550,000
Vero Beach Office Plaza LLC
1436 Building INC
Grant Deed
$2,000,000 · Mellon United National Bank
—
—
Ktlc Dcc LLC
—
Deed Of Trust
related
$210,000 · National Bk/commerce
—
—
Vero Pavilion LLC
—
Deed Of Trust
related
$2,516,373 · Sun American Bank
—
—
Sea Turtle Properties LLC
—
Loan Modification
related
$2,120,000 · Fcb Bk
—
—
Ktlc Dcc LLC
—
Deed Of Trust
related
$125,753 · Florida Tax Lien Assets IV LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
