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Property profile & analytics
OFF-MARKET
Estimated value
$5,440,000
Retail space
2101 Indian Riv Blvd Vero Beach, FL 32960-5409
Individually Owned
6-yr Hold
Free & Clear
Property ID
US19-0327320
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,249 SF
Lot
1.41 ac (61,420 SF)
Zoning code
C-1B
APN
33-39-01-00019-0000-00007.0
UPID
US19-0327320
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
-
Vero Estate Jewelry (Bike/Boat/Book/etc) Store
-
Rossway Swan | Attorney Bradley W. Rossway | Divorce Lawyer Law Firm
-
Rossway Swan Tierney Barry & Oliver, P.L. Law Firm
-
Rossway Swan | Attorney Michael J. Swan | Guardianship Lawyer Law Firm
-
Signature Estate Diamond Buyers of Florida Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.51M
Comparable Approach
Comparable
$4.75M
Blend (final)
Blend
$5.44M
Owner & transaction history
Sandy Lane Homeowners Assoc In · 6 yrs held
Sandy Lane Homeowners Assoc In
since 2020
6 recorded transactions
Zoning & alternative use
C-1B · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.7M
+28.8%
Auto repair, garage
$8.1M
+19.2%
Office building
$6.8M
+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%
$5,965,000
6.5%
$5,505,000
7%
$5,110,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,780,000
Current use
MEDICAL BUILDING
$8,735,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,080,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$6,815,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,440,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,465,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.44M
Range $4.90M – $5.98M · ±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
$146 / 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
$100,965
Tax year 2023
Assessed value
$5,880,562
Assessed 2023
Previous assessed
$5,880,887
0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$523,753
Assessed improvement
$5,356,809
Land market value
$523,753
Improvement market value
$5,356,809
Total market value
$5,880,562
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
2
Total area
37,249 SF
Lot
1.41 ac (61,420 SF)
Zoning code
C-1B
APN
33-39-01-00019-0000-00007.0
UPID
US19-0327320
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
$6.8M
MEDICAL BUILDING
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$8.1M
OFFICE BUILDING
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$5.5M
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
Sandy Lane Homeowners Assoc In
Individual
Free & Clear · 6 yrs held
Mailing address
2101 INDIAN RIV BLVD STE #200, VERO BEACH, FL 32960-7701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2020
—
Sandy Lane Homeowners Assoc In
790 Ala LLC
Warranty Deed
related
—
Oct 10, 2019
$6,612,000
Vero 2101 LLC
Modern One LLC
Warranty Deed
$4,500,000 · Morgan Stanley Bank NA
Feb 25, 2010
—
Modern One LLC
—
Trustees Deed
related
$3,000,000 · Northern Trust Co
Oct 25, 2007
$4,000,000
Modern One LLC
Regina W Spence
Warranty Deed
$3,296,000 · Northern Trust NA
—
—
Modern One LLC
—
Deed Of Trust
related
$3,296,000 · Northern Trust Co
—
—
Modern One LLC
—
Deed Of Trust
related
$3,296,000 · Northern Trust Co
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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