Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Garden apartment buildings
1825 14th Ave Vero Beach, FL 32960-3503
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0327318
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,426 SF
Lot
0.46 ac (20,038 SF)
Zoning code
DTW
APN
33-39-02-00010-0020-00012.0
UPID
US19-0327318
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
$1.27M
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.26M
Owner & transaction history
Lizs At Vero Beach LLC · 3 yrs held
Lizs At Vero Beach LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
DTW · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+25.4%
Office building
$1.7M
+5.8%
Retail stores
$1.7M
+5.3%
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
$1,120,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
$1,675,000
6.5%
$1,545,000
7%
$1,435,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,630,000
Current use
AUTO REPAIR, GARAGE
$2,045,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$1,725,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$1,715,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,385,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.35M (Apr 12 2023)
Last sale anchor
$1.35M
Apr 12 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
$134 / 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
$12,287
Tax year 2023
Assessed value
$620,851
Assessed 2023
Previous assessed
$635,915
-2.4% YoY
Effective rate
1.98%
On assessed value
Assessed land
$135,150
Assessed improvement
$485,701
Land market value
$135,150
Improvement market value
$485,701
Total market value
$620,851
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
23
Total area
9,426 SF
Lot
0.46 ac (20,038 SF)
Zoning code
DTW
APN
33-39-02-00010-0020-00012.0
UPID
US19-0327318
Jurisdiction
INDIAN RIVER
Zoning & alternative use
DTW · Vero Beach, FL
Zoning DTW · permitted uses
DTW · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
23
Lot
0.46 ac
Current owner
From public records · entity-resolved
Lizs At Vero Beach LLC
Entity
Mailing address
161 RICHMOND ST, BROOKLYN, NY 11208-1301
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
—
Lizs At Vero Beach LLC
Liszar Holdings LLC
Quit Claim Deed
related
$1,300,000 · Lima One Capital LLC
Mar 31, 2023
—
Lizsar Holdings LLC
Wholesale Houses Fl LLC
Re-recorded Document
related
—
Oct 28, 2021
—
Orlando Wholesale Houses LLC
True Professional Services LLC
Quit Claim Deed
related
—
Oct 14, 2021
$1,350,000
Lizsar Holdings LLC
Orlando Wholesale Houses LLC
Warranty Deed
$1,106,000 · Dlp Lending Fund LLC
Jan 22, 2019
$100
Adamark Properties LLC
Orlando Wholesale Houses LLC
Correction Deed
—
Jan 14, 2019
$100
Adamark Properties LLC
E & G Invs Prop LLC
Grant Deed
—
Oct 27, 2017
—
True Professional Services LLC
Orlando Wholesale Houses LLC
Quit Claim Deed
related
—
May 1, 2017
$1,070,000
Orlando Wholesale Houses LLC
E & G Investment Properties
Warranty Deed
—
Apr 13, 2017
$788,000
E & G Investment Prop LLC
Adamark Properties LLC
Warranty Deed
—
May 3, 2011
$375,000
Adamark Properties LLC
14th Avenue LLC
Warranty Deed
$281,250 · Centerstate Bank Of Florida NA
Apr 11, 2007
—
14th Avenue LLC
Rodman,ronald
Quit Claim Deed
related
—
Jan 24, 2003
$561,000
Ronald D Rodman
Pippin Properties INC
Grant Deed
$448,800 · American Prime Group INC
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 1825 14th 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.
