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Property profile & analytics
OFF-MARKET
Medical Office Space
1703 24th St Vero Beach, FL 32960-3351
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5626673
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,344 SF
Lot
0.22 ac (9,583 SF)
Zoning code
RM-10/12
APN
33-39-02-00001-0220-00001.0
UPID
US18-5626673
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
-
Triad Elite LLC Alternative Medicine Practice
-
Todd II Harrison R DC Alternative Medicine Practice
-
Stress Away Massage LLC Alternative Medicine Practice Spa & Massage Center
-
45 Thai massage & Brazilian wax Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bright Future Rental LLC · 1 yrs held
Bright Future Rental LLC
since 2024
Last sale
$265,000
3 recorded transactions
Zoning & alternative use
RM-10/12 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to provide suitable areas for high density residential development where sufficient urban services and facilities are provided or where such facilities will be available prior to the development
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
206.19 ac
Source
Realmo
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
—
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
$2,438
Tax year 2023
Assessed value
$141,185
Assessed 2023
Previous assessed
$131,862
+7.1% YoY
Effective rate
1.73%
On assessed value
Assessed land
$51,797
Assessed improvement
$89,388
Land market value
$51,797
Improvement market value
$89,388
Total market value
$141,185
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,344 SF
Lot
0.22 ac (9,583 SF)
Zoning code
RM-10/12
APN
33-39-02-00001-0220-00001.0
UPID
US18-5626673
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RM-10/12 · Vero Beach, FLZoning RM-10/12 · permitted uses
RM-10/12 · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to provide suitable areas for high density residential development where sufficient urban services and facilities are provided or where such facilities will be available prior to the development
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
206.19 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Bright Future Rental LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1703 24TH ST, VERO BEACH, FL 32960-3351
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
Bright Future Rental LLC
David T Colston
Quitclaim Deed
related
—
Aug 30, 2024
$265,000
David T Colston
Harrison R Todd II
Warranty Deed
$109,570 · Harrison Todd
May 30, 2023
—
Harrison R Todd II
Harrison R Todd II
Intrafamily Transfer
related
—
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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