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Property profile & analytics
FOR SALE
Residential income homes
1806 22Nd Ave Vero Beach, FL 32960
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3588812
For Sale
1 / 8
$385,000
1806 22Nd Ave, Vero Beach, FL 32960
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1968
Construction
CONCRETE BLOCKS
Total area
1,568 SF
Lot
0.17 ac (7,405 SF)
Zoning code
RM-10/12
APN
33-39-02-00016-0070-00007.1
UPID
US18-3588812
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
by Request
Owner & transaction history
Orville V Properties LLC · 3 yrs held
Orville V Properties LLC
since 2023
4 recorded transactions
Zoning & alternative use
RM-10/12 · 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
—
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
$2,262
Tax year 2023
Assessed value
$197,207
Assessed 2023
Previous assessed
$197,207
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$64,770
Assessed improvement
$132,437
Land market value
$64,770
Improvement market value
$132,437
Total market value
$197,207
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1968
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
2
Bathrooms
1
Total area
1,568 SF
Lot
0.17 ac (7,405 SF)
Zoning code
RM-10/12
APN
33-39-02-00016-0070-00007.1
UPID
US18-3588812
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RM-10/12 · Vero Beach, FL
Zoning 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
Vero Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
2
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Orville V Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
590 CAROLINE DR, VERO BEACH, FL 32968-9493
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2023
—
Orville V Properties LLC
Frank V Ellis
Intrafamily Transfer
related
—
Dec 28, 2012
—
Ellis Ann C Living Trust
Ellis,frank V
Quit Claim Deed
related
—
Mar 22, 2011
—
Frank V Ellis
Ellis,orville V & Ann C
Quit Claim Deed
related
—
Feb 21, 2011
—
Frank V Ellis
Ellis,orville V & Ann C
Quit Claim Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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