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Property profile & analytics
OFF-MARKET
Warehouses
26 6th Ave Vero Beach, FL 32962
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4358245
Property summary
AI-generated overview
This exceptional .49-acre commercial lot, located at 26 6th Ave in Vero Beach, Florida (zip code 32962), presents a prime investment opportunity. The property boasts a substantial 21,344 square feet of land zoned (CH) Heavy Commercial, offering significant potential for various commercial ventures. Its strategic location within a rapidly growing commercial area makes it particularly attractive for developers and builders. The lot is fully fenced, providing enhanced security and privacy. Existing utilities include county water and sewer services, as well as Florida Power & Light (FPL). The property's corner location offers excellent visibility and accessibility. The 2021 real estate taxes were $1,095.30. This is an exceptional opportunity to acquire a well-situated, sizeable commercial lot in a thriving area of Vero Beach, within Indian River County. The asking price for this remarkable property is $695,000. Don't miss this chance to secure a piece of Vero Beach's burgeoning commercial landscape.
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD (JUNK, SALVAGE)
Year built
1985
Lot
0.49 ac (21,344 SF)
Zoning code
CH
APN
33-39-13-00009-0001-00008.0
UPID
US18-4358245
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Billie Lou Mclaughlin · 2 yrs held
Billie Lou Mclaughlin
since 2023
Last sale
$65,000
3 recorded transactions
Zoning & alternative use
CH · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,233
Tax year 2023
Assessed value
$94,780
Assessed 2023
Previous assessed
$76,314
+24.2% YoY
Effective rate
1.30%
On assessed value
Assessed land
$91,248
Assessed improvement
$3,532
Land market value
$91,248
Improvement market value
$3,532
Total market value
$94,780
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
Warehouses
Use group
STORAGE YARD (JUNK, SALVAGE)
Status
Off-Market
Year built
1985
Heating
NONE
Lot
0.49 ac (21,344 SF)
Zoning code
CH
APN
33-39-13-00009-0001-00008.0
UPID
US18-4358245
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CH · Vero Beach, FL
Zoning CH · permitted uses
CH · 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
1985
Heating
NONE
Lot
0.49 ac
Current owner
From public records · entity-resolved
Billie Lou Mclaughlin
Individual
Free & Clear · 2 yrs held
Mailing address
243 GOVERNORS WAY, BRENTWOOD, TN 37027-8931
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
—
Billie Lou Mclaughlin
Billie Lou Mclaughlin
Intrafamily Transfer
related
—
Apr 29, 2021
—
Billie Lou Mclaughlin
Billie Lou Mclaughlin
Intrafamily Transfer
related
—
Aug 29, 2001
$65,000
Jim Casciari Maintenance Co
Nason,thomas R & Diane W
Grant Deed
$52,000 · Marine Bank & 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.
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