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Property profile & analytics
OFF-MARKET
Estimated value
$3,090,000
Manufacturing properties
1925 98th Ave, Vero Beach, FL 32966-3034
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5144765
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Construction
STEEL FRAME
Total area
40,408 SF
Lot
3.74 ac (162,914 SF)
Zoning code
IL
APN
33-38-04-00001-0090-00002.0
UPID
US18-5144765
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
-
Float On Corporation Industrial Manufacturer Production Facility
-
Island Boats (Bike/Boat/Book/etc) Store Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.72M
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$3.09M
Owner & transaction history
Lrp Of Vero LLC · 7 yrs held
Lrp Of Vero LLC
since 2018
7 recorded transactions
Zoning & alternative use
IL · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,020,000
6.5%
$3,715,000
7%
$3,450,000
Blend value · Realmo final
$3.09M
Range $2.78M – $3.40M · ±10%
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
$76 / 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
$15,588
Tax year 2023
Assessed value
$1,003,698
Assessed 2023
Previous assessed
$1,003,698
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$207,715
Assessed improvement
$795,983
Land market value
$207,715
Improvement market value
$795,983
Total market value
$1,003,698
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
12
Total area
40,408 SF
Lot
3.74 ac (162,914 SF)
Zoning code
IL
APN
33-38-04-00001-0090-00002.0
UPID
US18-5144765
Jurisdiction
INDIAN RIVER
Zoning & alternative use
IL · Vero Beach, FL
Zoning IL · permitted uses
IL · 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.
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
12
Lot
3.74 ac
Current owner
From public records · entity-resolved
Lrp Of Vero LLC
Entity
Mailing address
1925 98TH AVE, VERO BEACH, FL 32966-3034
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Dec 18, 2018
$331,500
Lrp Of Vero LLC
Float-on Corp
Grant Deed
—
Oct 24, 2018
—
Macmillan Real Estate LLC
Macmillan Holdings INC
Quit Claim Deed
related
—
Jan 3, 2018
—
Lrp Of Vero LLC
—
Deed
related
$383,382 · Pnc Bk
May 12, 2006
—
Float-on Corp
—
Trustees Deed
related
$1,250,000 · Grand Bank & Trust Of Florida
Oct 31, 2003
—
Float-on Corp
—
Deed Of Trust
related
$1,600,000 · Harbor Fsb
—
—
Float-on Corp
—
Deed Of Trust
related
$150,000 · Harbor Fsb
—
—
Lrp Of Vero LLC
—
Loan Modification
related
$383,382 · Pnc 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.
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