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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Super regional malls
1657 94th Dr, Vero Beach, FL 32966-3616
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-4514518
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1994
Construction
METAL FRAME
Total area
358,194 SF
Lot
44.51 ac (1,938,856 SF)
Zoning code
CG
APN
33-38-03-00001-0100-00004.1
UPID
US18-4514518
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.14M
Owner & transaction history
Tso Vero Beach LP · 9 yrs held
Tso Vero Beach LP
since 2017
4 recorded transactions
Zoning & alternative use
CG · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$9 / 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
$373,021
Tax year 2023
Assessed value
$21,016,412
Assessed 2023
Previous assessed
$22,169,904
-5.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$3,266,434
Assessed improvement
$17,749,978
Land market value
$3,266,434
Improvement market value
$17,749,978
Total market value
$21,016,412
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1994
Construction
METAL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Units
1
Total area
358,194 SF
Lot
44.51 ac (1,938,856 SF)
Zoning code
CG
APN
33-38-03-00001-0100-00004.1
UPID
US18-4514518
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CG · Vero Beach, FL
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
1994
Construction
METAL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
7
Units
1
Lot
44.51 ac
Current owner
From public records · entity-resolved
Tso Vero Beach LP
Entity
Free & Clear · 9 yrs held
Mailing address
1170 PEACHTREE ST NE STE #2000, ATLANTA, GA 30309-7691
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2017
$32,550,000
Tso Vero Beach LP
Vero Acquisition LLC
Grant Deed
—
Oct 27, 2014
$25,500,000
Vero Acquisition LLC
Cxa-18 Corp
Grant Deed
—
Jan 20, 2011
—
Cxa-18 Corp
Vero Fashion Outlets LLC
Grant Deed
related
—
Oct 23, 2007
$38,250,000
Vero Fashion Outlets LLC
Vero Beach Outlet LLC
Special Warranty Deed
$32,000,000 · Prudential Mortgage Capital Co LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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