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    1405 82nd Ave Vero Beach, FL 32966-6924
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    Property profile & analytics

    1405 82nd Ave, Vero Beach, FL 32966-6924

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    • Specialty properties
    • 10,608 SF
    • 64.13 lot acres
    Off-Market
    Property ID
    US19-0319661
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 1405 82nd Ave

    Year built
    1985
    Construction
    WOOD
    Lot size
    64.13 lot acres
    Zone code
    RMH-8
    Property type
    Specialty properties
    APN
    33-38-11-00001-0010-00001.1
    APU
    9223372036854775807

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 13, 2011 $92,820 Mhc Vero Palm LLC Vero Palm Mhc LLC Grant Deed $12.3M · Comm 2006-c8
    Dec 7, 2006 $7,579,500 Vero Palm Mhc LLC Vero Palm Realty LLC Grant Deed · related $4.7M · Deutsche Bk Mtg Cap
    Feb 1, 1999 $9,150,000 Maplewood Apartments LLC Vero Palm Estates Ltd Grant Deed $8.2M · Green Tree Financial Corp
    — — Edward J Postel — Deed Of Trust · related $14k · Riverside National Bank
    — — Mhc Vero Palm LLC — Loan Modification · related $12.5M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,054,000
      Market price range: $349k - $1.05M

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.5
    Latitude
    27.6302
    CBSA code
    42680
    CBSA name
    SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $145,015
    $1,362,763
    $6,816,430
    $8,179,193
    -
    $1,362,763
    $6,816,430
    $8,179,193

    Comparable in this City

    • Value Estimation
      $3,970,000
      196,827 SF

      7955 16th Mnr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      7955 16th Mnr, Vero Beach, FL 32966-1538
      View Details
    • Value Estimation by Request
      5,141 SF

      60 Sr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      60 Sr, Vero Beach, FL 32966
      View Details
    • Value Estimation by Request
      4,210 SF

      2055 82nd Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2055 82nd Ave, Vero Beach, FL 32966-1632
      View Details
    • Value Estimation by Request

      7055 20Th St

      Specialty properties
      7055 20Th St, Vero Beach, FL 32966
      View Details
    • Value Estimation
      $865,000
      7,890 SF

      1455 90th Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1455 90th Ave, Vero Beach, FL 32966-7505
      View Details
    • Value Estimation
      $1,020,000
      14,923 SF

      1400 90th Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1400 90th Ave, Vero Beach, FL 32966-6600
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      1890 98th Ave, Vero Beach, FL 32966

      Aviation real estate
      1890 98Th Ave, Vero Beach, FL 32966
      View Details
    • Contact for pricing
      7,140 SF

      Vero Beach Retail Opportunity

      Retail property with value-add potential and strong demographics.
      6310 20Th St, Vero Beach, FL 32966
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr

      Modular Building for Lease

      Modular building suitable for office or temporary sleeping site.
      1893 90Th Ave, Vero Beach, FL 32966
      View Details
    • Contact for pricing
      1,760 SF

      Retail Space in Vero Beach

      Second generation dental suite and small shop space available.
      2006-2180 58Th Ave, Vero Beach, FL 32966
      View Details
    • Contact for pricing

      Retail Space in Vero Beach

      Community shopping center at major retail hub for lease.
      60 Kings Ave, Vero Beach, FL 32966
      View Details
    • Contact for pricing

      Ground Floor Office Space Available

      Premier office space with numerous windows and high ceilings.
      1991 74Th Ave, Vero Beach, FL 32966
      View Details
    • Contact for pricing

      Industrial Land Build-to-Suit Opportunity

      Prime I-95 interchange location with flexible building sizes.
      9800 20Th St, Vero Beach, FL 32966
      View Details
    • Contact for pricing
      15,500 SF

      Retail Space on State Road

      Retail space available in renovated Vero Beach shopping center.
      4425-4445 20Th St, Vero Beach, FL 32966
      View Details
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    1405 82nd Ave
    Vero Beach, FL 32966-6924
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1405 82nd Ave, Vero Beach, FL, 32966
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