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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1876 41st Ave Vero Beach, FL 32960-0582
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0819775
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,460 SF
Lot
0.41 ac (17,860 SF)
Zoning code
RCLO
APN
33-39-03-00026-0070-00018.0
UPID
US19-0819775
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
Vero Bk Retail Propertiesllc · 8 yrs held
Vero Bk Retail Propertiesllc
since 2017
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
RCLO · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this District is to establish development standards which can be implemented in areas of the city that are stagnant or in a state of decline and areas where residential redevelopment activity is needed and desirable, these development standards are designed to preserve and enhance the safety and residential character of neighborhoods while per…
Zone name
Residential Congregate Living And Limited Office
General category
RESIDENTIAL
Zone area
16.20 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
$7,374
Tax year 2023
Assessed value
$399,209
Assessed 2023
Previous assessed
$400,806
-0.4% YoY
Effective rate
1.85%
On assessed value
Assessed land
$33,652
Assessed improvement
$365,557
Land market value
$33,652
Improvement market value
$365,557
Total market value
$399,209
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
10
Bathrooms
1
Total area
7,460 SF
Lot
0.41 ac (17,860 SF)
Zoning code
RCLO
APN
33-39-03-00026-0070-00018.0
UPID
US19-0819775
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RCLO · Vero Beach, FLZoning RCLO · permitted uses
RCLO · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this District is to establish development standards which can be implemented in areas of the city that are stagnant or in a state of decline and areas where residential redevelopment activity is needed and desirable, these development standards are designed to preserve and enhance the safety and residential character of neighborhoods while permitting adult congregate living facilities (ACLF), community residential homes, nursing homes
Zone name
Residential Congregate Living And Limited Office
General category
RESIDENTIAL
Zone area
16.20 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
10
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Vero Bk Retail Propertiesllc
Individual
Mailing address
1309 SW 4TH ST, FORT LAUDERDALE, FL 33312-7522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2017
$845,000
Vero Bk Retail Propertiesllc
Arc Hr5stp1002
Grant Deed
related
$805,000 · Trustco Bk
Aug 9, 2016
$410,000
PC Investment Properties LLC
L A L Entrepreneurs LLC
Warranty Deed
$307,500 · Space Coast Cu
Apr 29, 2009
$215,714
Lal Entrepreneurs LLC
Ravid,avraham
Quit Claim Deed
related
—
Sep 5, 2003
$500,000
Avraham Ravid
Leifer,bruce
Grant Deed
$570,000 · Harbor Fsb
Jul 18, 2003
$160,000
Natalia Crujeiras
Leifer,bruce A
Grant Deed
$110,000 · Bruce A Leifer
Apr 12, 2002
$21,500
Bruce Leifer
Robb,robert & Elizabeth
Quit Claim Deed
related
$204,908 · Suntrust Bank NA
Sep 20, 2001
$255,000
Robert Robb
Barkett Trust
Grant Deed
$200,000 · Sound Mortgage 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.
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