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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Industrial properties
1669 Old Dixie Hwy, Vero Beach, FL 32960-3656
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5043665
Property summary
AI-generated overview
This exceptional 6,000-square-foot industrial property in Vero Beach, Florida, offers a unique blend of warehouse and office space, perfect for a variety of businesses. Located at 1669 Old Dixie Hwy, 32960, this single-tenant building boasts a prime location with high visibility. Built in 2002, the property features a spacious 3,820-square-foot warehouse area complemented by 2,180 square feet of office space, including an upscale showroom. Three bay doors provide convenient access for loading and unloading, while a loft area offers additional storage. The property also includes six private offices, three-phase power, and is situated on a 0.46-acre lot with 162 feet of frontage on Old Dixie Highway and 125 feet of depth. City water and FPL utilities are readily available. The building is classified as Class C and zoned for industrial use (M). Lease price is $8,000 per month plus sales tax, translating to $16.00 per square foot. This is an excellent opportunity to secure a well-appointed and strategically located industrial space in a thriving Vero Beach market.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2002
Construction
STEEL FRAME
Total area
6,000 SF
Lot
0.46 ac (20,038 SF)
Zoning code
M
APN
33-39-01-00047-0190-00003.0
UPID
US18-5043665
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
-
RoyPow Batteries Industrial Manufacturer
-
Prime Golf Cars Vero Beach Golf Cart Dealer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$829k
Blend (final)
Blend
$1.10M
Owner & transaction history
1669 Old Dixie LLC · 2 yrs held
1669 Old Dixie LLC
since 2024
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
M · 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
Method
Estimation
Statistic approach
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (May 10 2024)
Last sale anchor
$1.10M
May 10 2024
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
$183 / 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
$8,967
Tax year 2023
Assessed value
$480,633
Assessed 2023
Previous assessed
$480,633
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$154,913
Assessed improvement
$325,720
Land market value
$154,913
Improvement market value
$325,720
Total market value
$480,633
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
3
Total area
6,000 SF
Lot
0.46 ac (20,038 SF)
Zoning code
M
APN
33-39-01-00047-0190-00003.0
UPID
US18-5043665
Jurisdiction
INDIAN RIVER
Zoning & alternative use
M · Vero Beach, FL
Zoning M · permitted uses
M · 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
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
3
Lot
0.46 ac
Current owner
From public records · entity-resolved
1669 Old Dixie LLC
Entity
Mailing address
PO BOX 5200, VERO BEACH, FL 32961-5200
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
$1,100,000
1669 Old Dixie LLC
Mirror Lake 67 LLC
Warranty Deed
—
May 10, 2024
—
Mirror Lake 67 LLC
Kenneth V Sandor
Correction Deed
related
—
Dec 2, 2015
$50,000
Mirror Lake 67 LLC
Sandor,kenneth V & Cheryl S
Quit Claim Deed
related
—
Jul 27, 2007
—
Kenneth V Sandor
Sandor,kenneth V & Cheryl S
Quit Claim Deed
related
—
—
—
Kenneth Sandor
—
Deed Of Trust
related
$450,000 · Indian River National Bank
—
—
Kenneth V Sandor
—
Deed Of Trust
related
$260,000 · Shaeffer M Evelyn Trust (pt)
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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