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Property profile & analytics
OFF-MARKET
Medical Office Space
1880 37th St Ste 1 Vero Beach, FL 32960-6594
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-3663401
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2004
Total area
1,983 SF
Zoning code
MED
APN
32-39-26-00015-0000-00001.0
UPID
US18-3663401
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
-
Dr. Rachael Callaway DC Alternative Medicine Practice
-
Dental Implant Center of Vero Beach Dental Office
-
Indian River Health Center Medical Clinic
-
BACK ON TRACK SPINAL DISC DECOMPRESSION Alternative Medicine Practice
-
Hometown Smiles Dental Office
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
Heron Point I LLC · 5 yrs held
Heron Point I LLC
since 2021
5 recorded transactions
Zoning & alternative use
MED · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,397
Tax year 2023
Assessed value
$295,000
Assessed 2023
Previous assessed
$295,000
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed improvement
$295,000
Improvement market value
$295,000
Total market value
$295,000
Applied tax rate
7.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Units
1
Total area
1,983 SF
Zoning code
MED
APN
32-39-26-00015-0000-00001.0
UPID
US18-3663401
Jurisdiction
INDIAN RIVER
Zoning & alternative use
MED · Vero Beach, FLZoning MED · permitted uses
MED · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
1
Units
1
Current owner
From public records · entity-resolved
Heron Point I LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1880 37TH ST STE #1, VERO BEACH, FL 32960-6594
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
—
Heron Point I LLC
Ryan Hess
Special Warranty Deed
—
Nov 6, 2019
$350,000
Ryan D Hess
Merohant Trust LLC
Warranty Deed
$297,500 · Centerstate Bank Of Florida NA
Dec 5, 2018
—
Merchant Trust LLC
Merchant Childrens Trust
Quit Claim Deed
related
—
Dec 5, 2018
$100
Merchant Trust LLC
Merchant,kaneez F & Mohammed H
Warranty Deed
related
—
Jan 24, 2005
$366,900
Merchant Childrens Trust
Xiujuan Ents LLC
Warranty Deed
—
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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