Financial
Distress signals
Property profile

1406 16th St Vero Beach, FL 32960

OFF-MARKET
Medical Office Space
Property ID
US18-4759063
2,618 SF 0.22 ac lot Built 1977
Last sale Jan 2023 · $500,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use portfolio consisting of nine residential buildings totaling approximately 9,616 square feet and four commercial buildings totaling approximately 24,594 square feet, located on multiple parcels at 1406 16th Street in Vero Beach. The portfolio includes interior improvements such as renovations and fixtures, with reported upgrades including plumbing and electrical work, as well as roof and HVAC replacements completed within the past five years; central air conditioning

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$352k
Assessed land$73k
Assessed improvement$279k
Effective rate1.68%

Value estimate

· Sep 2026
$415k
$374k – $457k
AI approach$415k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$234/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$154 – $316
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-1
C-1, General Commercial, reserved to provide adequate space in appropriate and highly accessible locations along arterial roadways for th...
General categoryCOMMERCIAL
JurisdictionINDIAN RIVER

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair8.6
Butcher8.3
Optical Shop8.1

Location

1406 16th St Vero Beach, FL 32960-3625
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
310 17th St, Vero Beach, FL 32960-5690 $754,162 Jan 2026 2,685 SF
927 37th, Vero Beach, FL 32960-6563 $719,400 Jan 2026 2,398 SF
865 37th, Vero Beach, FL 32960-6564 $2,000,000 Jul 2025 3,208 SF
1500 36th St9-23, Vero Beach, FL 32960-7323 $660,800 May 2023 2,116 SF
2230 Us Hwy 1st, Vero Beach, FL 32960-6432 $575,000 Apr 2023 2,310 SF
1300 36th St Ste, Vero Beach, FL 32960-4898 $175,000 Aug 2022 2,352 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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