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Property profile & analytics
OFF-MARKET
Estimated value
$6,420,000
Retail space
2005 Indian Riv Blvd Vero Beach, FL 32960-7212
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-3823177
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,667 SF
Lot
6.34 ac (276,170 SF)
Zoning code
C-1B
APN
33-39-01-00001-0000-00012.0
UPID
US18-3823177
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.60M
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$6.42M
Owner & transaction history
Abg5 LLC · 21 yrs held
Abg5 LLC
since 2004
3 recorded transactions
Zoning & alternative use
C-1B · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.5M
+28.8%
Auto repair, garage
$9.7M
+19.2%
Office building
$8.2M
+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%
$7,150,000
6.5%
$6,600,000
7%
$6,130,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,135,000
Current use
MEDICAL BUILDING
$10,470,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,690,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$8,175,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,725,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,555,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$6.42M
Range $5.78M – $7.06M · ±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
$144 / 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
$111,794
Tax year 2023
Assessed value
$6,151,895
Assessed 2023
Previous assessed
$6,127,904
+0.4% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,257,227
Assessed improvement
$4,894,668
Land market value
$1,257,227
Improvement market value
$4,894,668
Total market value
$6,151,895
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
7
Stories
2
Units
5
Total area
44,667 SF
Lot
6.34 ac (276,170 SF)
Zoning code
C-1B
APN
33-39-01-00001-0000-00012.0
UPID
US18-3823177
Jurisdiction
INDIAN RIVER
Zoning & alternative use
C-1B · Vero Beach, FL
Zoning C-1B · permitted uses
C-1B · 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
$8.1M
MEDICAL BUILDING
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$9.7M
OFFICE BUILDING
Est. value
$8.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
WAREHOUSE, STORAGE
Est. value
$6.6M
RETAIL STORES Current
MEDICAL BUILDING
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
7
Units
5
Lot
6.34 ac
Current owner
From public records · entity-resolved
Abg5 LLC
Entity
Mailing address
PO BOX 644397, VERO BEACH, FL 32964-4397
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2008
—
Abg5 LLC
—
Deed Of Trust
related
$1,425,500 · Us Small Business Admn
Aug 17, 2004
$5,000,000
Abg5 LLC
City National Bank Of Florida
Grant Deed
$1,500,000 · Fidelity Federal Bank & Trust
—
—
Abg5 LLC
—
Deed Of Trust
related
$1,425,500 · Us Small Business Admn
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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