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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Manufacturing properties
2460 41st St, Vero Beach, FL 32967-4522
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-4580458
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2019
Construction
STEEL FRAME
Total area
9,940 SF
Lot
1.48 ac (64,469 SF)
Zoning code
IL
APN
32-39-26-00000-3000-00046.0
UPID
US18-4580458
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
-
Premier Millwork & Cabinets General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$840k
Owner & transaction history
Indian River County · 8 yrs held
Indian River County
since 2018
5 recorded transactions
Zoning & alternative use
IL · 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%
$990,000
6.5%
$915,000
7%
$850,000
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$85 / 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
$11,068
Tax year 2023
Assessed value
$585,903
Assessed 2023
Previous assessed
$578,290
+1.3% YoY
Effective rate
1.89%
On assessed value
Assessed land
$60,279
Assessed improvement
$525,624
Land market value
$60,279
Improvement market value
$525,624
Total market value
$585,903
Applied tax rate
7.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
14
Bathrooms
1
Total area
9,940 SF
Lot
1.48 ac (64,469 SF)
Zoning code
IL
APN
32-39-26-00000-3000-00046.0
UPID
US18-4580458
Jurisdiction
INDIAN RIVER
Zoning & alternative use
IL · Vero Beach, FL
Zoning IL · permitted uses
IL · 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.
Building & site characteristics
From public records
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
14
Bathrooms
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Indian River County
Entity
Free & Clear · 8 yrs held
Mailing address
2460 41ST ST, VERO BEACH, FL 32967-4522
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Harrington Group II LLC
—
Deed
related
$1,080,000 · Ithink Financial Cu
May 29, 2018
—
Indian River County
Harrington Group II LLC
Grant Deed
—
Oct 10, 2017
$55,000
Harrington Group II LLC
Bh-18 Properties LLC
Warranty Deed
—
Jun 8, 2015
$2,778
Bh-18 Properties LLC
Beor Fund 1 LLC
Quit Claim Deed
related
—
Mar 20, 2014
$20,941
Beor Fund 1 LLC
Deputy Clerk Of Indian River Cnty
Tax Deed
related
—
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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