Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Industrial properties
290 Old Dixie Hwy Vero Beach, FL 32962-2947
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5310201
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Construction
STEEL FRAME
Total area
5,280 SF
Lot
0.56 ac (24,394 SF)
Zoning code
CH
APN
33-39-13-00015-0000-00001.0
UPID
US18-5310201
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
-
Nationwide Home Medical Supply Medical Supply Store
-
Cartunz Electronics & Wireless Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$760k
Owner & transaction history
Kennedy Old Dixie LLC · 3 yrs held
Kennedy Old Dixie LLC
since 2023
Last sale
$760,000
5 recorded transactions
Zoning & alternative use
CH · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+92.9%
Auto repair, garage
$1.1M
+74.6%
Retail stores
$1.1M
+73.5%
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
$775,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$655,000
Current use
MEDICAL BUILDING
$1,265,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,145,000
Change: +75% · Conversion: Easy
RETAIL STORES
$1,140,000
Change: +73% · Conversion: Moderate
OFFICE BUILDING
$1,100,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$995,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$775,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $760k (Apr 5 2023)
Last sale anchor
$760k
Apr 5 2023
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
$144 / 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
$6,702
Tax year 2023
Assessed value
$389,609
Assessed 2023
Previous assessed
$371,895
+4.8% YoY
Effective rate
1.72%
On assessed value
Assessed land
$124,409
Assessed improvement
$265,200
Land market value
$124,409
Improvement market value
$265,200
Total market value
$389,609
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
5
Total area
5,280 SF
Lot
0.56 ac (24,394 SF)
Zoning code
CH
APN
33-39-13-00015-0000-00001.0
UPID
US18-5310201
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$655,000
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$995,000
WAREHOUSE, STORAGE
Est. value
$775,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1984
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
5
Lot
0.56 ac
Current owner
From public records · entity-resolved
Kennedy Old Dixie LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 643850, VERO BEACH, FL 32964-3850
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
$760,000
Kennedy Old Dixie LLC
Carol Irby
Deed
—
Dec 3, 2021
—
Carol Irby
Carol Irby
Intrafamily Transfer
related
—
Dec 7, 2017
—
Carol A Irby
Irby,kevin M & Kevin M
Quit Claim Deed
related
—
Sep 8, 2006
—
Kevin M Irby
Irby,carol A
Quit Claim Deed
related
—
—
—
Kevin M Irby
—
Deed Of Trust
related
$112,527 · Citrus Bank
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 290 Old Dixie Hwy?
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.
