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Property profile & analytics
FOR LEASE
Warehouses
1893 90Th Ave, Vero Beach, FL 32966
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8477391
For Lease
1 / 19
$20 SF/Yr
1893 90Th Ave, Vero Beach, FL 32966
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,700 SF
Lot
2.88 ac (125,453 SF)
Zoning code
CG
APN
33-38-03-00001-0090-00001.1
UPID
US18-8477391
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
-
St. Lucie Battery and Tire (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$992k
Blend (final)
Blend
$1.27M
Owner & transaction history
Slbt Land Holdings LLC · 1 yrs held
Slbt Land Holdings LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CG · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+63.4%
Auto repair, garage
$1.0M
+47.9%
Retail stores
$1.0M
+46.9%
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
$1,270,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,125,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,020,000
Change: +48% · Conversion: Easy
RETAIL STORES
$1,015,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$980,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.27M (Sep 3 2024)
Last sale anchor
$1.27M
Sep 3 2024
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
$270 / 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
$10,310
Tax year 2023
Assessed value
$606,951
Assessed 2023
Previous assessed
$606,951
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$426,921
Assessed improvement
$180,030
Land market value
$426,921
Improvement market value
$180,030
Total market value
$606,951
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
2
Total area
4,700 SF
Lot
2.88 ac (125,453 SF)
Zoning code
CG
APN
33-38-03-00001-0090-00001.1
UPID
US18-8477391
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CG · Vero Beach, FL
Zoning CG · permitted uses
CG · 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
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$980,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
2
Lot
2.88 ac
Current owner
From public records · entity-resolved
Slbt Land Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5500 ORANGE AVE, FORT PIERCE, FL 34947-1309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
$1,267,600
Slbt Land Holdings LLC
St Lucie Battery & Tire Company
Warranty Deed
—
Nov 7, 2016
$900,000
St Lucie Battery & Tire Co
Miller,joseph G
Warranty Deed
$540,000 · Bankunited Fsb
Oct 8, 2014
—
Miller,joseph G Living Trust
Miller,joseph G & S Annette
Quit Claim Deed
related
—
Jan 13, 2011
—
Joseph G Miller
Miller,joseph G
Quit Claim Deed
related
—
Dec 9, 2010
—
Joseph G Miller
Miller,joseph G & S Annette
Quit Claim Deed
related
—
Mar 15, 2007
$82,000
Spring Investments INC
Miller Joseph G Living Trust
Warranty Deed
—
Feb 26, 2007
$1,295,000
Miller Joseph G Living Trust
Spring Investments INC
Warranty Deed
—
—
—
St Lucle Battery & Tire Co
—
Deed Of Trust
related
$8,477 · Truist Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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