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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Medical Office Space
1500 14th Ave Vero Beach, FL 32960-0420
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3161672
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,956 SF
Lot
0.59 ac (25,700 SF)
Zoning code
POI
APN
33-39-01-00047-0250-00010.0
UPID
US18-3161672
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
-
Price Jr Robert w DDS Dental Office
-
Price Carol Dental Office
-
Green Tammy Dental Office
-
Vero Smiles Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
$825k
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$710k
Owner & transaction history
Faraday Reef LLC · 6 yrs held
Faraday Reef LLC
since 2020
Last sale
$730,000
3 recorded transactions
Zoning & alternative use
POI · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
you may contact the Planning and Development Department: Phone: 772-978-4550 Email: [email protected] Below are summary zoning information that may be helpful: Allowed uses Office and Institutional Districts: Use Types POI I Use Specific Standards Residential Uses - Dwellings Dwellings, single family detached P Residential Uses - Group Living Assisted living…
Zone name
Professional Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
106.38 ac
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
$570,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$825,000
7%
$765,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$925,000
Current use
AUTO REPAIR, GARAGE
$860,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $730k (Jul 27 2020)
Last sale anchor
$730k
Jul 27 2020
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
$179 / 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
$7,370
Tax year 2023
Assessed value
$430,583
Assessed 2023
Previous assessed
$432,196
-0.4% YoY
Effective rate
1.71%
On assessed value
Assessed land
$104,570
Assessed improvement
$326,013
Land market value
$104,570
Improvement market value
$326,013
Total market value
$430,583
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
3,956 SF
Lot
0.59 ac (25,700 SF)
Zoning code
POI
APN
33-39-01-00047-0250-00010.0
UPID
US18-3161672
Jurisdiction
INDIAN RIVER
Zoning & alternative use
POI · Vero Beach, FLZoning POI · permitted uses
POI · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
you may contact the Planning and Development Department: Phone: 772-978-4550 Email: [email protected] Below are summary zoning information that may be helpful: Allowed uses Office and Institutional Districts: Use Types POI I Use Specific Standards Residential Uses - Dwellings Dwellings, single family detached P Residential Uses - Group Living Assisted living facilities P Standards in Sec. 67.03(a) apply Group homes P Standards in Sec. 67.
Zone name
Professional Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
106.38 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$860,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Faraday Reef LLC
Entity
Mailing address
1500 14TH AVE, VERO BEACH, FL 32960-0420
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2020
$730,000
Faraday Reef LLC
William R Price JR.
Warranty Deed
$584,000 · Bank Of America
Dec 21, 2017
—
Robert Wolff
Lawrence,larry S & Charlene F
Quit Claim Deed
related
—
—
—
William R Price
—
Deed Of Trust
related
$93,521 · Indian River National Bank
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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