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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail space
1745 Old Dixie Hwy Vero Beach, FL 32960-3658
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0687118
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,520 SF
Lot
0.17 ac (7,405 SF)
Zoning code
M
APN
33-39-01-00047-0180-00001.0
UPID
US18-0687118
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
-
Outdoor Cover Warehouse (Bike/Boat/Book/etc) Store
-
Got 2 Have it! Antiques & Collectibles Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
$408k
Blend (final)
Blend
$520k
Owner & transaction history
Odalys Roque Collazo · 2 yrs held
Odalys Roque Collazo
since 2023
Last sale
$635,000
6 recorded transactions
Zoning & alternative use
M · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$590,000
+28.8%
Auto repair, garage
$545,000
+19.2%
Office building
$460,000
+0.5%
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
$525,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$370,000
7%
$345,000
Alternative Use
Use
Estimation
RETAIL STORES
$460,000
Current use
MEDICAL BUILDING
$590,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$545,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$460,000
Change: +1% · Conversion: Easy
WAREHOUSE, STORAGE
$370,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $635k (Oct 4 2023)
Last sale anchor
$635k
Oct 4 2023
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
$206 / 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
$3,461
Tax year 2023
Assessed value
$174,306
Assessed 2023
Previous assessed
$169,515
+2.8% YoY
Effective rate
1.99%
On assessed value
Assessed land
$57,597
Assessed improvement
$116,709
Land market value
$57,597
Improvement market value
$116,709
Total market value
$174,306
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,520 SF
Lot
0.17 ac (7,405 SF)
Zoning code
M
APN
33-39-01-00047-0180-00001.0
UPID
US18-0687118
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$460,000
MEDICAL BUILDING
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$545,000
OFFICE BUILDING
Est. value
$460,000
WAREHOUSE, STORAGE
Est. value
$370,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Odalys Roque Collazo
Individual
Mailing address
3060 11TH AVE, VERO BEACH, FL 32960-4915
Ownership since
2023
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
Feb 16, 2024
—
Aroldo Collazo
—
Deed
related
$330,000 · Marine Bank & Trust Company
Oct 4, 2023
$635,000
Odalys Roque Collazo
Peter G Hutter
Warranty Deed
$300,000 · Peter G Htter Etux
Dec 10, 2013
—
Pgh Trust 2012
Old Dixie Highway Hold Trust
Grant Deed
related
—
Aug 1, 2012
—
Rita Hutter
Old Dixie Highway Holdings
Quit Claim Deed
related
—
Mar 16, 2011
—
Dixie Highway Holdings Old
Hutter,rita & Peter
Grant Deed
—
—
—
Peter Hutter
—
Deed Of Trust
related
$65,000 · Harbor Fsb
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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