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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Specialty properties
1405 82nd Ave Vero Beach, FL 32966-6924
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US19-0319661
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1985
Construction
WOOD
Total area
10,608 SF
Lot
64.13 ac (2,793,503 SF)
Zoning code
RMH-8
APN
33-38-11-00001-0010-00001.1
UPID
US19-0319661
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
-
Vero Palm Estates Campground & RV Park
-
Affordable Homes of Florida Property Management Company
-
Renegade Charters Tour Operator Travel Agency
-
Vero Palm Estates Pool Swimming Pool Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$795k
Owner & transaction history
Mhc Vero Palm LLC · 14 yrs held
Mhc Vero Palm LLC
since 2011
5 recorded transactions
Zoning & alternative use
RMH-8 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+96.4%
Retail stores
$1.1M
+63.4%
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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$650,000
Current use
OFFICE BUILDING
$1,280,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$1,065,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$75 / 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
$145,015
Tax year 2023
Assessed value
$8,179,193
Assessed 2023
Previous assessed
$7,774,626
+5.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$1,362,763
Assessed improvement
$6,816,430
Land market value
$1,362,763
Improvement market value
$6,816,430
Total market value
$8,179,193
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
4
Total area
10,608 SF
Lot
64.13 ac (2,793,503 SF)
Zoning code
RMH-8
APN
33-38-11-00001-0010-00001.1
UPID
US19-0319661
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RMH-8 · Vero Beach, FL
Zoning RMH-8 · permitted uses
RMH-8 · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$650,000
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
OFFICE BUILDING
RETAIL STORES
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
1985
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
4
Lot
64.13 ac
Current owner
From public records · entity-resolved
Mhc Vero Palm LLC
Entity
Mailing address
917 W WASHINGTON BLVD, CHICAGO, IL 60607-2203
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2011
$92,820
Mhc Vero Palm LLC
Vero Palm Mhc LLC
Grant Deed
$12,325,000 · Comm 2006-c8
Dec 7, 2006
$7,579,500
Vero Palm Mhc LLC
Vero Palm Realty LLC
Grant Deed
related
$4,745,578 · Deutsche Bk Mtg Cap
Feb 1, 1999
$9,150,000
Maplewood Apartments LLC
Vero Palm Estates Ltd
Grant Deed
$8,160,000 · Green Tree Financial Corp
—
—
Edward J Postel
—
Deed Of Trust
related
$14,077 · Riverside National Bank
—
—
Mhc Vero Palm LLC
—
Loan Modification
related
$12,500,000 · Miscellaneous Ins Co
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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