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Property profile & analytics
OFF-MARKET
Retail space
1868 Wilbur Ave Vero Beach, FL 32960-5570
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2591341
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,028 SF
Lot
0.15 ac (6,534 SF)
Zoning code
M
APN
33-39-01-00043-0000-00036.0
UPID
US18-2591341
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
1868 Wilbur LLC · 1 yrs held
1868 Wilbur LLC
since 2025
Last sale
$300,000
4 recorded transactions
Zoning & alternative use
M · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to accommodate a wide range of industrial and related uses which conform to a high level of performance standards. Industrial establishments of this type within completely enclosed buildings shall, wherever practical, provide a buffer between commercial districts and other higher intensive industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
275.14 ac
Source
Realmo
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
$2,702
Tax year 2023
Assessed value
$134,715
Assessed 2023
Previous assessed
$137,069
-1.7% YoY
Effective rate
2.01%
On assessed value
Assessed land
$32,436
Assessed improvement
$102,279
Land market value
$32,436
Improvement market value
$102,279
Total market value
$134,715
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
2,028 SF
Lot
0.15 ac (6,534 SF)
Zoning code
M
APN
33-39-01-00043-0000-00036.0
UPID
US18-2591341
Jurisdiction
INDIAN RIVER
Zoning & alternative use
M · Vero Beach, FLZoning 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
Zoning description
This district is designed to accommodate a wide range of industrial and related uses which conform to a high level of performance standards. Industrial establishments of this type within completely enclosed buildings shall, wherever practical, provide a buffer between commercial districts and other higher intensive industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
275.14 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
1868 Wilbur LLC
Entity
Mailing address
1872 WILBUR AVE, VERO BEACH, FL 32960-5570
Ownership since
2025
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 2, 2025
$300,000
1868 Wilbur LLC
Essence Of Wood Studio LLC
Warranty Deed
$270,000 · Essence Of Wood Studio LLC
Sep 10, 2013
$150,000
Essence Of Wood LLC
Lenz,william G & Madeline
Warranty Deed
—
—
—
William Lenz
—
Deed Of Trust
related
$9,400 · Indian River National Bank
—
—
Lenz Living Trust
—
Deed Of Trust
related
$103,750 · Rbc Bank (usa)
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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