Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$31,370,000
Garden apartment buildings
2610 71st Cir Vero Beach, FL 32966-8916
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US19-0509342
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2003
Construction
WOOD
Total area
234,972 SF
Lot
29.18 ac (1,271,081 SF)
Zoning code
RM-8
APN
32-39-31-00001-0140-00001.0
UPID
US19-0509342
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
-
Walker Woods Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$38.53M
Comparable Approach
Comparable
$30.27M
Blend (final)
Blend
$31.37M
Owner & transaction history
Benchmark Huntington Of Sundance · 19 yrs held
Benchmark Huntington Of Sundance
since 2007
7 recorded transactions
Zoning & alternative use
RM-8 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$51.0M
+15.4%
Retail stores
$50.7M
+14.7%
Office building
$49.0M
+10.8%
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%
$41,745,000
6.5%
$38,530,000
7%
$35,780,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$44,180,000
Current use
AUTO REPAIR, GARAGE
$50,975,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$50,660,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$48,955,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$31.37M
Range $28.23M – $34.51M · ±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
$134 / 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
$205,306
Tax year 2023
Assessed value
$12,424,575
Assessed 2023
Previous assessed
$12,442,539
-0.1% YoY
Effective rate
1.65%
On assessed value
Assessed land
$910,123
Assessed improvement
$11,514,452
Land market value
$910,123
Improvement market value
$11,514,452
Total market value
$12,424,575
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
7
Stories
2
Units
208
Total area
234,972 SF
Lot
29.18 ac (1,271,081 SF)
Zoning code
RM-8
APN
32-39-31-00001-0140-00001.0
UPID
US19-0509342
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RM-8 · Vero Beach, FL
Zoning RM-8 · permitted uses
RM-8 · 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
$44.2M
AUTO REPAIR, GARAGE
Est. value
$51.0M
RETAIL STORES
Est. value
$50.7M
OFFICE BUILDING
Est. value
$49.0M
APARTMENT HOUSE (5+ UNITS) Current
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
2003
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
7
Units
208
Lot
29.18 ac
Current owner
From public records · entity-resolved
Benchmark Huntington Of Sundance
Individual
Mailing address
4053 MAPLE RD, AMHERST, NY 14226-1058
Ownership since
2007
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
Apr 2, 2007
$17,049,200
Benchmark Huntington Of Sundance
Benchmark Davie-walker Woods L
Grant Deed
—
Mar 20, 2006
$19,725,000
Davie-walker Woods L Benchmark
Walker Woods Club Ltd
Grant Deed
—
Nov 8, 2002
—
Walker Woods Club Ltd
—
Trustees Deed
related
$14,461,300 · Reilly Mortgage Group INC
Aug 22, 2001
$367,500
Walker Terrace Club Ltd
Hammond,thomas S
Grant Deed
$710,000 · Thomas S
—
—
Benchmark Huntington Of Sundance
—
Loan Modification
related
$7,350,800 · Greystone Funding Corp
—
—
Benchmark Huntington Of Sundance
—
Deed Of Trust
related
$14,461,200 · Greystone Fndg
—
—
Benchmark Huntington Of Sundance
—
Deed Of Trust
related
$6,789,225 · Hud
—
—
Benchmark Huntington Of Sundance
—
Deed Of Trust
related
$14,378,400 · Greystone Servicing Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2610 71st Cir?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
