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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Medical Office Space
1955 22nd Ave Vero Beach, FL 32960-3083
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0698128
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1940
Construction
WOOD
Total area
1,802 SF
Lot
0.48 ac (20,909 SF)
Zoning code
POI
APN
33-39-02-00016-0030-00001.0
UPID
US18-0698128
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
-
Evdakiya Deiner Association Or Organization
-
One Overvue Corporate Office
-
Lorie Thompson Masters, Physician
-
Patrick Ottuso, MD, FAAD Physician Medical Clinic
-
Dunya Deiner, APRN, MSN, NP-C Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$563k
Blend (final)
Blend
$755k
Owner & transaction history
Vb Derm LLC · 14 yrs held
Vb Derm LLC
since 2011
Last sale
$875,000
4 recorded transactions
Zoning & alternative use
POI · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
you may contact the Planning and Development Department: Phone: 772-978-4550 Email: [email protected] Below are summary zoning information that may be helpful: Allowed uses Office and Institutional Districts: Use Types POI I Use Specific Standards Residential Uses - Dwellings Dwellings, single family detached P Residential Uses - Group Living Assisted living…
Zone name
Professional Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
106.38 ac
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
$725,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $875k (Jan 26 2023)
Last sale anchor
$875k
Jan 26 2023
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
$419 / 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
$5,140
Tax year 2023
Assessed value
$310,295
Assessed 2023
Previous assessed
$310,295
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$176,753
Assessed improvement
$133,542
Land market value
$176,753
Improvement market value
$133,542
Total market value
$310,295
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,802 SF
Lot
0.48 ac (20,909 SF)
Zoning code
POI
APN
33-39-02-00016-0030-00001.0
UPID
US18-0698128
Jurisdiction
INDIAN RIVER
Zoning & alternative use
POI · Vero Beach, FLZoning POI · permitted uses
POI · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
you may contact the Planning and Development Department: Phone: 772-978-4550 Email: [email protected] Below are summary zoning information that may be helpful: Allowed uses Office and Institutional Districts: Use Types POI I Use Specific Standards Residential Uses - Dwellings Dwellings, single family detached P Residential Uses - Group Living Assisted living facilities P Standards in Sec. 67.03(a) apply Group homes P Standards in Sec. 67.
Zone name
Professional Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
106.38 ac
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Vb Derm LLC
Entity
Mailing address
9432 N US HWY 1ST 1, SEBASTIAN, FL 32958-6395
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2011
$114,000
Vb Derm LLC
Ottuso Trust
Grant Deed
—
Mar 13, 2001
—
Ottuso Trust
Helseth,corinne T
Quit Claim Deed
related
$142,000 · Harbor Fsb
Mar 13, 2001
$177,500
Ottuso Trust
Helseth Trust
Grant Deed
—
—
—
Vb Derm LLC
—
Deed Of Trust
related
$200,000 · Pnc Bank
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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