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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Residential income homes
2570 42nd St A Vero Beach, FL 32967-4517
Entity Owned
1-yr Hold
Property ID
US18-8477387
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,924 SF
Lot
0.13 ac (5,663 SF)
Zoning code
RM-10
APN
32-39-26-00000-3000-00029.0
UPID
US18-8477387
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
-
Priscilla McKay's Cleaning Service Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$340k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Barrbach Apartments 42nd Street LLC · 1 yrs held
Barrbach Apartments 42nd Street LLC
since 2024
Last sale
$520,000
7 recorded transactions
Zoning & alternative use
RM-10 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$460,000
+27.5%
Auto repair, garage
$415,000
+15.4%
Retail stores
$415,000
+14.7%
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
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$370,000
6.5%
$340,000
7%
$315,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$360,000
Current use
MEDICAL BUILDING
$460,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$415,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$415,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$400,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Aug 12 2024)
Last sale anchor
$520k
Aug 12 2024
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
$270 / 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
$974
Tax year 2023
Assessed value
$42,629
Assessed 2023
Previous assessed
$42,629
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$8,982
Assessed improvement
$33,647
Land market value
$8,982
Improvement market value
$33,647
Total market value
$42,629
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
3
Bathrooms
3
Total area
1,924 SF
Lot
0.13 ac (5,663 SF)
Zoning code
RM-10
APN
32-39-26-00000-3000-00029.0
UPID
US18-8477387
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RM-10 · Vero Beach, FL
Zoning RM-10 · permitted uses
RM-10 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$360,000
MEDICAL BUILDING
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$415,000
RETAIL STORES
Est. value
$415,000
OFFICE BUILDING
Est. value
$400,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
3
Bathrooms
3
Lot
0.13 ac
Current owner
From public records · entity-resolved
Barrbach Apartments 42nd Street LLC
Entity
Mailing address
620 WHITNEY AVE NE, LANTANA, FL 33462-1642
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
—
Barrbach Apartments 42nd Street LLC
Christopher L Barrington
Correction Deed
related
—
Aug 12, 2024
$520,000
1865 40th Ave LLC
Barrbach Apartments 42nd Street LLC
Warranty Deed
—
May 24, 2021
—
Barrbach Apartments 42nd Street LLC
Christopher L Barrington
Quit Claim Deed
related
—
Sep 13, 2019
$100
Christopher Barrington
Jennings,stanley
Correction Deed
related
—
Aug 22, 2019
$175,000
Christopher Barrington
Jennings,stanley & Lessie
Warranty Deed
$75,000 · Acopia
Aug 22, 2019
$155,000
Christopher Barrington
Jennings,stanley & Lessie
Warranty Deed
$75,000 · Acopia
Apr 23, 2018
—
Sharon Jennings
Rolle,maurice
Quit Claim Deed
related
—
Aug 12, 2013
—
Cynthia Jennings-ausby
Rolle,maurice
Quit Claim 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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