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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Specialty properties
1455 90th Ave Vero Beach, FL 32966-7505
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5211458
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1972
Total area
7,890 SF
Lot
78.1 ac (3,402,036 SF)
Zoning code
RMH-8
APN
33-38-10-00002-0000-00001.0
UPID
US18-5211458
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
-
Time To Grow Co. Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Lakewood Village Campground & RV Park
-
Lakewood Village Pool Swimming Pool Hardware & Home Improvement
-
Lakewood Village Basketball Court Sports Field & Court Construction Company
-
New Wine Bible Institute Inc. Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$865k
Owner & transaction history
Breit Skyhaven Mhc LLC
Breit Skyhaven Mhc LLC
1 recorded transaction
Zoning & alternative use
RMH-8 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.3M
+163.5%
Apartment house (5+ units)
$1.2M
+144.5%
Restaurant
$1.0M
+108.1%
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
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,275,000
Change: +163% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,185,000
Change: +145% · Conversion: Difficult
RESTAURANT
$1,010,000
Change: +108% · Conversion: Difficult
MEDICAL BUILDING
$1,000,000
Change: +106% · Conversion: Difficult
OFFICE BUILDING
$950,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$790,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$110 / 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
$166,549
Tax year 2023
Assessed value
$9,526,515
Assessed 2023
Previous assessed
$9,526,515
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$1,659,625
Assessed improvement
$7,866,890
Land market value
$1,659,625
Improvement market value
$7,866,890
Total market value
$9,526,515
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
1972
Heating
FORCED AIR
Cooling
YES
Buildings
3
Units
1
Total area
7,890 SF
Lot
78.1 ac (3,402,036 SF)
Zoning code
RMH-8
APN
33-38-10-00002-0000-00001.0
UPID
US18-5211458
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
INDUSTRIAL (GENERAL)
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$950,000
RETAIL STORES
Est. value
$790,000
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
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
1972
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Units
1
Lot
78.1 ac
Current owner
From public records · entity-resolved
Breit Skyhaven Mhc LLC
Entity
Mailing address
PO BOX 2300, GILBERT, AZ 85299-2300
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Breit Skyhaven Mhc LLC
—
Deed Of Trust
related
$81,534,000 · Walker & Dunlop
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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