Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,500,000
Retail space
1820 58th Ave Vero Beach, FL 32966-4673
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4019671
Property summary
AI-generated overview
This Vero Beach, Florida retail center, Sunrise Plaza, offers 16,460 square feet of space in a thriving shopping center. Currently, one 1,266 square foot unit is available for lease. The property is strategically located at 1820 58th Ave, Vero Beach, FL 32966, an outparcel to Sam's Club and Walmart Supercenter, ensuring high visibility and foot traffic. Sunrise Plaza boasts a strong tenant mix, including Marco's Pizza, Batteries Plus Bulbs, CareSpot, and Great Clips, among other established local businesses. The immediate area demonstrates a robust population base with average household incomes exceeding $91,000, providing a significant consumer base for retail businesses. The property is classified as a multi-tenant shopping center within Indian River County. This presents a unique opportunity for businesses seeking a prime location in a high-traffic area with a proven track record of success. The property's size and location make it ideal for a variety of retail uses, offering excellent potential for growth and return on investment. Contact us today to learn more about this exceptional retail opportunity in Vero Beach.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,380 SF
Lot
2.42 ac (105,415 SF)
Zoning code
CG
APN
33-39-04-00001-0120-00003.3
UPID
US18-4019671
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
-
Phoenix Nail Spa Nail Salon
-
Sixty Minute Cleaners (Bike/Boat/Book/etc) Store
-
Batteries Plus Auto Parts Store
-
Cleveland Rickards Medical Clinic
-
Forbidden Tan Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.48M
Blend (final)
Blend
$5.50M
Owner & transaction history
Cl Sunrise Plaza Fl LLC · 2 yrs held
Cl Sunrise Plaza Fl LLC
since 2024
Last sale
$5.5M
5 recorded transactions
Zoning & alternative use
CG · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.1M
+101.8%
Industrial (general)
$5.3M
+49.8%
Medical building
$3.9M
+11.2%
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
$5,500,000
ML approach
$5,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,530,000
Current use
RESTAURANT
$7,130,000
Change: +102% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,290,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$3,925,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,555,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$3,415,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$5.50M
Range $4.95M – $6.05M · ±10% · vs last sale $5.50M (Jun 3 2024)
Last sale anchor
$5.50M
Jun 3 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
$336 / 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
$33,008
Tax year 2023
Assessed value
$2,029,146
Assessed 2023
Previous assessed
$2,029,146
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$806,425
Assessed improvement
$1,222,721
Land market value
$806,425
Improvement market value
$1,222,721
Total market value
$2,029,146
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
16,380 SF
Lot
2.42 ac (105,415 SF)
Zoning code
CG
APN
33-39-04-00001-0120-00003.3
UPID
US18-4019671
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CG · Vero Beach, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
RESTAURANT
Est. value
$7.1M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.4M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
Cl Sunrise Plaza Fl LLC
Entity
Mailing address
3300 ENTERPRISE PKWY, BEACHWOOD, OH 44122-7200
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
$5,500,000
Cl Sunrise Plaza Fl LLC
Sunrise Plaza Vero LLC
Special Warranty Deed
—
Sep 15, 2014
$2,750,000
Sunrise Plaza Vero LLC
Odyssey II Dp V LLC
Grant Deed
$2,300,000 · Rait Ptshp
Sep 7, 2005
$166,700
Crf Panther X LLC
Sams East INC
Quit Claim Deed
related
—
Dec 30, 2004
$1,107,000
Crf Panther X LLC
Moon,nancy T
Warranty Deed
$830,000 · Public Bank
—
—
Sunrise Plaza Vero LLC
—
Loan Modification
related
$2,300,000 · Rait 2014-fl3 Trust (ct)
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1820 58th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
