Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1859 Us Hwy 1st 1 Vero Beach, FL 32960-0935

    • Specialty properties
    • 15,450 SF
    • 2.67 lot acres
    OFF-MARKET
    Last Sale
    Oct 28, 2020
    $2,600,000
    Value Estimations
    $2,505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2783810
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Specialty properties

    Property Details for 1859 Us Hwy 1st 1

    Year built
    2022
    Construction
    CONCRETE
    Lot size
    2.67 lot acres
    Property size
    15,450 SF
    Zone code
    C-1
    Property type
    Specialty properties
    APN
    33-39-01-00015-0000-00001.0
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,020,000
      ML approach
      $2,315,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,800,000
      INDUSTRIAL (GENERAL)
      $3,020,000
      APARTMENT HOUSE (5+ UNITS)
      $2,260,000
      MEDICAL BUILDING
      $1,995,000
      OFFICE BUILDING
      $1,755,000
      RESTAURANT
      $1,730,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3899
    Latitude
    27.6357
    CBSA code
    42680
    CBSA name
    SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $59,288
    $982,415
    $2,672,578
    $3,654,993
    -
    $982,415
    $2,672,578
    $3,654,993

    Comparable in this City

    • Value Estimation by Request
      5,651 SF

      3500 Us Hwy 1st 1

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,651 SF
      3500 Us Hwy 1st 1, Vero Beach, FL 32960-4511
      View Details
    • Value Estimation
      $20,225,000
      5,275 SF

      1500 Indian Riv Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,275 SF
      1500 Indian Riv Blvd, Vero Beach, FL 32960-5640
      View Details
    • Value Estimation by Request
      7,998 SF

      1959 14th Ave

      CHARITABLE ORGANIZATION • 7,998 SF
      1959 14th Ave, Vero Beach, FL 32960-0670
      View Details
    • Value Estimation by Request
      5,151 SF

      3950 Old Dixie Hwy

      FUNERAL HOME • 5,151 SF
      3950 Old Dixie Hwy, Vero Beach, FL 32960-4541
      View Details
    • Value Estimation by Request
      6,062 SF

      1535 Old Dixie Hwy

      CHARITABLE ORGANIZATION • 6,062 SF
      1535 Old Dixie Hwy, Vero Beach, FL 32960-3654
      View Details
    • Value Estimation by Request
      3,828 SF

      750 12th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,828 SF
      750 12th St, Vero Beach, FL 32960-5755
      View Details

    Similar Nearby for Sale

    • $3,000,000
      7,783 SF

      World Class Academy

      Preschool for sale
      Vero Beach, FL 32960
      View Details
    • $399,000

      Vero Beach Mixed-Use Corner Property

      Prime Vero Beach location, high-traffic, flexible zoning.
      1985 31St Ave, Vero Beach, FL 32960
      View Details
    • $420,000

      Vero Beach Duplex For Sale

      Refreshed duplex in downtown Vero Beach with new leases.
      1246-1248 17Th Pl, Vero Beach, FL 32960
      View Details
    • $79,000

      Established Vintage Decor Business For Sale

      Turnkey vintage decor business with consignors and craftsman space.
      1642 Old Dixie Hwy, Vero Beach, FL 32960
      View Details
    • $699,000

      Updated Commercial Property in Downtown

      Updated commercial property in downtown Vero Beach with flexible layout.
      1801 24Th St, Vero Beach, FL 32960
      View Details
    • $360,000
      1.10 Acres

      Commercial Land for Medical Use

      1.1 acres of commercial land zoned for medical use.
      17Th Ave, Vero Beach, FL 32960
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      10,668 SF

      Vero Beach Medical Office Space

      5,712 SF Medical Office for Sale
      1260 37Th St, Vero Beach, FL 32960
      View Details
    • $22 SF/Yr
      10,134 SF

      Vero Beach Executive Office Suites

      Prime Vero Beach office space, flexible options.
      601 21St St, Vero Beach, FL 32960
      View Details
    • $53 SF/Yr

      Turn-key Auto Garage For Rent

      Auto garage with high visibility and ample parking available for rent.
      1006 21St St, Vero Beach, FL 32960
      View Details
    • $19 SF/Yr

      Vero Beach Office Space Available

      Office space for rent in a convenient central location.
      1965 42Nd Ave, Vero Beach, FL 32960
      View Details
    • $32 SF/Yr

      Medical/Office Space Near Hospital

      Ground floor and third floor office space available for rent.
      2750 Fl. North Bldg., Vero Beach, FL 32960
      View Details
    • $23 SF/Yr

      Retail/Office Space For Rent

      Affordable retail or office space in high-traffic Vero Beach location.
      1070 12Th St, Vero Beach, FL 32960
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1859 Us Hwy 1st 1
    Vero Beach, FL 32960-0935
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.