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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Retail space
1929 14th Ave Vero Beach, FL 32960-0669
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-0519257
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,720 SF
Lot
0.35 ac (15,246 SF)
Zoning code
DTW
APN
33-39-02-00007-0090-00010.0
UPID
US18-0519257
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
-
The Honey Hair Loft Hair Salon
-
Boho House Salon Hair Salon
-
Michele Sanford owner and stylist at Boho House Salon Hair Salon
-
Krystle-ized Beauty Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$785k
Owner & transaction history
Rechter Properties LLC · 11 yrs held
Rechter Properties LLC
since 2014
5 recorded transactions
Zoning & alternative use
DTW · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+19.2%
Office building
$1.0M
+0.5%
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%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,040,000
Current use
AUTO REPAIR, GARAGE
$1,240,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,045,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$990,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$840,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$137 / 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
$10,953
Tax year 2023
Assessed value
$597,023
Assessed 2023
Previous assessed
$598,194
-0.2% YoY
Effective rate
1.83%
On assessed value
Assessed land
$102,000
Assessed improvement
$495,023
Land market value
$102,000
Improvement market value
$495,023
Total market value
$597,023
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
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,720 SF
Lot
0.35 ac (15,246 SF)
Zoning code
DTW
APN
33-39-02-00007-0090-00010.0
UPID
US18-0519257
Jurisdiction
INDIAN RIVER
Zoning & alternative use
DTW · Vero Beach, FL
Zoning DTW · permitted uses
DTW · 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
RETAIL STORES Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$840,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Rechter Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
241 NE 44TH ST, OAKLAND PARK, FL 33334-1441
Ownership since
2014
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
Oct 16, 2014
$480,000
Rechter Properties LLC
Compass Therapeutic INC
Warranty Deed
—
Sep 5, 2012
$139,900
Compass Therapeutic INC
Compass Medical INC
Warranty Deed
$360,000 · Roy S & Jean R Thompson
Dec 26, 2002
$412,000
Compass Medical INC
Thompson,roy S & Jean R
Grant Deed
$392,000 · Roy S & Jean R Thompson
—
—
Rechter Properties LLC
—
Deed Of Trust
related
$400,000 · Centerstate Bk/fl
—
—
Compass Medical INC
—
Deed Of Trust
related
$100,000 · Roy S & Jean R Thompson
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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