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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Medical Office Space
2175 20th St Vero Beach, FL 32960-6630
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4706821
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,185 SF
Lot
0.48 ac (20,909 SF)
Zoning code
POI
APN
33-39-02-00016-0020-00013.0
UPID
US18-4706821
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
-
Hannabri Roofing & Repairs Roofing Company General Contractor
-
Gordon Chiropractic Alternative Medicine Practice
-
Hannabri Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$768k
Blend (final)
Blend
$715k
Owner & transaction history
Hannabri Properties LLC · 3 yrs held
Hannabri Properties LLC
since 2023
Last sale
$737,500
1 recorded transaction
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
$610,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$945,000
6.5%
$870,000
7%
$810,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$980,000
Current use
AUTO REPAIR, GARAGE
$910,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $738k (Mar 9 2023)
Last sale anchor
$738k
Mar 9 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
$171 / 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
$7,287
Tax year 2023
Assessed value
$423,327
Assessed 2023
Previous assessed
$434,925
-2.7% YoY
Effective rate
1.72%
On assessed value
Assessed land
$142,208
Assessed improvement
$281,119
Land market value
$142,208
Improvement market value
$281,119
Total market value
$423,327
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
3
Total area
4,185 SF
Lot
0.48 ac (20,909 SF)
Zoning code
POI
APN
33-39-02-00016-0020-00013.0
UPID
US18-4706821
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$910,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
3
Lot
0.48 ac
Current owner
From public records · entity-resolved
Hannabri Properties LLC
Entity
Mailing address
2175 20TH ST, VERO BEACH, FL 32960-6630
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2023
$737,500
Hannabri Properties LLC
Lawrence A Barkett
Warranty Deed
$626,875 · South State Bank NA
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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