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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Office buildings
2145 14th Ave, Vero Beach, FL 32960-4411
Entity Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3659823
Property summary
AI-generated overview
This exceptional 566-square-foot office suite is located in the Courthouse Executive Center, a beautifully maintained, two-story building in Vero Beach, Florida's vibrant downtown district. Built in 1937 and continually updated, this Class B property offers a single-tenant occupancy in a prime location. The suite is situated on the ground floor, providing convenient access and high visibility. The building's zoning is DTW - Downtown District, allowing for a variety of professional uses. Enjoy the benefits of a locally managed and maintained building, with utilities (FPL, city water, and sewer) included in the monthly rent of $1,226 plus sales tax. The suite is part of a historic building, offering a unique and prestigious address. Its central downtown location provides easy walking access to numerous restaurants and shops. A negotiable tenant allowance is available, making this an attractive opportunity for businesses seeking a well-maintained, conveniently located office space in Vero Beach's historic core. The property features traditional office space ideal for a variety of professional services. This is a single-tenant space, ensuring privacy and control. The address is 2145 14th Ave, Vero Beach, FL 32960.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1937
Construction
STEEL FRAME
Total area
24,114 SF
Lot
0.7 ac (30,492 SF)
Zoning code
DTW
APN
33-39-02-00001-0350-00001.0
UPID
US18-3659823
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 Land Corporation of Florida Real Estate Agency
-
Patrick MacRae Attorney At Law Law Firm
-
Zero Beach Deck Solutions Construction Company General Contractor
-
Sanford Rose Associates Employment Agency
-
Clear Quality Pools Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.20M
Owner & transaction history
BRACKETT FAMILY
BRACKETT FAMILY
Zoning & alternative use
DTW · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,540,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±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
$91 / 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
$22,534
Tax year 2023
Assessed value
$1,050,604
Assessed 2023
Previous assessed
$1,077,543
-2.5% YoY
Effective rate
2.14%
On assessed value
Assessed land
$206,550
Assessed improvement
$844,054
Land market value
$206,550
Improvement market value
$844,054
Total market value
$1,050,604
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1937
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
47
Total area
24,114 SF
Lot
0.7 ac (30,492 SF)
Zoning code
DTW
APN
33-39-02-00001-0350-00001.0
UPID
US18-3659823
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
WAREHOUSE, STORAGE
Est. value
$3.5M
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
1937
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
47
Lot
0.7 ac
Current owner
From public records · entity-resolved
BRACKETT FAMILY
Individual
Free & Clear · 0 yrs held
Mailing address
2182 PONCE DE LEON CIR, VERO BEACH, FL 32960-5338
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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