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Property profile & analytics
OFF-MARKET
Estimated value
$6,275,000
Office buildings
2770 Indian Riv Blvd, Vero Beach, FL 32960-4299
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US19-0660448
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
STEEL FRAME
Total area
36,112 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C-1B
APN
32-39-36-00010-0000-00001.1
UPID
US19-0660448
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
-
Innovative IT Technologies, LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Petrilla Linda Physician Medical Clinic
-
Millman Daryl PHD Physician Medical Clinic
-
Vero Speech Pathology Medical Clinic
-
TechOps Partners (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.34M
Comparable Approach
Comparable
$7.70M
Blend (final)
Blend
$6.28M
Owner & transaction history
2770 Indian River Blvd LLC · 21 yrs held
2770 Indian River Blvd LLC
since 2005
3 recorded transactions
Zoning & alternative use
C-1B · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.5M
+28.1%
Auto repair, garage
$7.8M
+18.6%
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%
$6,870,000
6.5%
$6,340,000
7%
$5,890,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,610,000
Current use
MEDICAL BUILDING
$8,465,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,835,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$6,575,000
Change: -1% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,245,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$5,300,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$6.28M
Range $5.65M – $6.90M · ±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
$174 / 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
$64,729
Tax year 2023
Assessed value
$3,861,963
Assessed 2023
Previous assessed
$3,949,119
-2.2% YoY
Effective rate
1.68%
On assessed value
Assessed land
$704,795
Assessed improvement
$3,157,168
Land market value
$704,795
Improvement market value
$3,157,168
Total market value
$3,861,963
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
ZONE
Stories
1
Units
4
Total area
36,112 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C-1B
APN
32-39-36-00010-0000-00001.1
UPID
US19-0660448
Jurisdiction
INDIAN RIVER
Zoning & alternative use
C-1B · Vero Beach, FL
Zoning C-1B · permitted uses
C-1B · 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
OFFICE BUILDING Current
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.8M
RETAIL STORES
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
WAREHOUSE, STORAGE
Est. value
$5.3M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1983
Construction
STEEL FRAME
Heating
ZONE
Stories
1
Units
4
Lot
1.27 ac
Current owner
From public records · entity-resolved
2770 Indian River Blvd LLC
Entity
Mailing address
2770 INDIAN RIV BLVD #300, VERO BEACH, FL 32960-4299
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Oct 13, 2017
—
2770 Indian River Blvd LLC
—
Deed
related
$3,794,881 · Seagull Associates LLC
Feb 1, 2005
$4,300,000
2770 Indian River Blvd LLC
Umr Associates
Warranty Deed
$2,795,000 · Indian River National Bank
—
—
2770 Indian River Blvd LLC
—
Loan Modification
related
$3,794,881 · Seagull Associates LLC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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