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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Retail space
1858 Old Dixie Hwy Vero Beach, FL 32960-3604
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0739626
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,007 SF
Lot
0.22 ac (9,583 SF)
Zoning code
M
APN
33-39-02-00009-0020-00006.0
UPID
US19-0739626
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
-
Appraisal Associates USA Inc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$945k
Owner & transaction history
Capital M Collaborative LLC · 2 yrs held
Capital M Collaborative LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
M · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+28.8%
Auto repair, garage
$1.1M
+19.2%
Office building
$915,000
+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
$915,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
RETAIL STORES
$910,000
Current use
MEDICAL BUILDING
$1,175,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,085,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$865,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$735,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $1.10M (Sep 27 2023)
Last sale anchor
$1.10M
Sep 27 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
$189 / 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
$7,607
Tax year 2023
Assessed value
$394,772
Assessed 2023
Previous assessed
$398,679
-1.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$66,531
Assessed improvement
$328,241
Land market value
$66,531
Improvement market value
$328,241
Total market value
$394,772
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,007 SF
Lot
0.22 ac (9,583 SF)
Zoning code
M
APN
33-39-02-00009-0020-00006.0
UPID
US19-0739626
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
$910,000
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$915,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$865,000
WAREHOUSE, STORAGE
Est. value
$735,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Capital M Collaborative LLC
Entity
Mailing address
3017 GOLFVIEW DR, VERO BEACH, FL 32960-4990
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
$1,100,000
Capital M Collaborative LLC
1858 Old Dixie Hwy LLC
Warranty Deed
$935,000 · South State Bank NA
Jul 11, 2016
$500,000
1858 Old Dixie Hwy LLC
Bjs Of Vero Beach LLC
Warranty Deed
—
Aug 14, 2012
—
Bjs Of Vero Beach LLC
Falone,barbara M
Quit Claim Deed
related
—
Mar 30, 2012
$370,000
Barbara M Falone
Oculina Bk
Warranty Deed
—
Nov 5, 2009
—
Oculina Bk
Appraisal Assocs Of Treas Coc
Trustees Deed
related
—
Oct 20, 2006
—
Appraisal Assocs Of Treasure Coas
—
Trustees Deed
related
$375,000 · Oculina Bank
Jun 14, 2006
$550,000
Appraisal Assocs Of Treasure Coas
Acclaim Artisans & Design INC
Warranty Deed
$450,000 · Charles V & Sondra L Vecchio
Jun 2, 2006
—
Appraisal Assoc Of Treasure Cst
—
Trustees Deed
related
$375,000 · Oculina Bank
Jul 14, 2003
$400,000
Appraisal Associates Of The Tr
Gilbert,brian & Gloria
Grant Deed
$360,000 · First Nat'l Bk & Tr Treasure C
May 16, 2001
$280,000
Brain Gilbert
Sabonjohn,j R
Grant Deed
$224,000 · Marine Bank & Trust Co
—
—
Appraisal Assocs Of Treasure Coas
—
Deed Of Trust
related
$240,000 · Business Dev Corp/northeast Fl
—
—
Appraisal Assoc Of Treasure Cst
—
Deed Of Trust
related
$135,000 · Oculina Bank
—
—
Appraisal Assocs Of Treasure Coas
—
Deed Of Trust
related
$595,000 · Zions First National Bank
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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