2950 43rd Ave Vero Beach, FL 32960-1914
Entity Owned
2-yr Hold
Free & Clear
Estimated value (blended)
$325k
Range $293k – $358k (±10%)
Implied cap rate
8.10%
In-place · NOI ÷ last sale
Property ID
US18-4018915
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,400 SF
Lot
1.09 ac (47,480 SF)
Zoning code
ALI-1
APN
32-39-34-00003-0000-00001.0
UPID
US18-4018915
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$405k
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$325k
Owner & transaction history
since 2023
1 recorded transaction
Zoning & alternative use
ALI-1 · Vero Beach, FL
Zoning description
These districts are designed to provide for a distribution of uses at the Vero Beach Municipal Airport which are compatible and complementary of one another and the airport at large
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$325k
Value range
$293k – $358k
±10% around blend
Estimated value / SF
$74 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
40
$293k
blend $325k
$358k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,400 SF
Lot area
1.09 ac
Year built
1993
Stories
1
APN
32-39-34-00003-0000-00001.0
Assessed value
$240,081
Annual tax
$4,796
3
Income approach: direct capitalization
Partial preview
Income approach indication
$405k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$440k
@ 6.5% CAP return
$405k
@ 7% CAP return
$375k
4
Sales comparison
Partial preview
Sales approach indication
$1.38M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.0 mi away · 5,000 SF
15.4 mi away · 3,408 SF
25.0 mi away · 3,840 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$325k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 37 sales
$612
-88%
Submarket 68 sales
$323
-77%
County 70 sales
$317
-77%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $74/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
8.10%
Implied, in-place cap rate for this industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.10%
9.0%
NOI (est.)
$17k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$207k
Move the market yield to see immediate price impact.
Value / SF
$47
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.60%8.10%8.60%
$15k
$199k
$187k
$176k
$17k
$221k
$207k
$195k
$18k
$243k
$228k
$215k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$1.60M
11.2 mi · Oct 2025 · $315/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,796
Tax year 2023
Assessed value
$240,081
Assessed 2023
Previous assessed
$240,299
-0.1% YoY
Effective rate
2.00%
On assessed value
Assessed land
$50,646
Assessed improvement
$189,435
Land market value
$50,646
Improvement market value
$189,435
Total market value
$240,081
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,400 SF
Lot
1.09 ac (47,480 SF)
Zoning code
ALI-1
APN
32-39-34-00003-0000-00001.0
UPID
US18-4018915
Jurisdiction
INDIAN RIVER
Zoning & alternative use
ALI-1 · Vero Beach, FLZoning ALI-1 · permitted uses
ALI-1 · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
These districts are designed to provide for a distribution of uses at the Vero Beach Municipal Airport which are compatible and complementary of one another and the airport at large
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
1.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
ALI-1
INDUSTRIAL
Jurisdiction
Vero Beach, FL
Recorded code
ALI-1
Official district
ALI-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ALI-1 in Vero Beach, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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