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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Office buildings
3096 Cardinal Dr Vero Beach, FL 32963-1917
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0642260
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,373 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C-1A
APN
32-40-32-00006-0020-00024.1
UPID
US19-0642260
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
-
Barry G. Segal, P.A. Law Firm
-
The Lafferty Group Real Estate Agency
-
Guild Mortgage - Cole Ripple Loan Service Bank
-
Raquel Rivera Mortgage Lender Consultant
-
HautePicnics Employment Agency Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$2.69M
Owner & transaction history
Kennedy Cardinal LLC · 4 yrs held
Kennedy Cardinal LLC
since 2022
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
C-1A · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+108.9%
Industrial (general)
$1.7M
+55.0%
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
$3,180,000
ML approach
$3,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,340,000
Change: +109% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,735,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $2.65M (Jul 18 2022)
Last sale anchor
$2.65M
Jul 18 2022
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
$501 / 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
$28,814
Tax year 2023
Assessed value
$1,765,507
Assessed 2023
Previous assessed
$1,494,530
+18.1% YoY
Effective rate
1.63%
On assessed value
Assessed land
$481,653
Assessed improvement
$1,283,854
Land market value
$481,653
Improvement market value
$1,283,854
Total market value
$1,765,507
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
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
5,373 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C-1A
APN
32-40-32-00006-0020-00024.1
UPID
US19-0642260
Jurisdiction
INDIAN RIVER
Zoning & alternative use
C-1A · Vero Beach, FL
Zoning C-1A · permitted uses
C-1A · 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
RESTAURANT
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
INDUSTRIAL (GENERAL)
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Kennedy Cardinal LLC
Entity
Mailing address
3096 CARDINAL DR, VERO BEACH, FL 32963-1917
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Aug 22, 2022
—
Kennedy Cardinal LLC
—
Deed
related
$1,325,000 · South State Bank NA
Jul 18, 2022
$2,650,000
Kennedy Cardinal LLC
Kraaz & Kraaz Finance LLC
Warranty Deed
—
Dec 2, 2021
$1,825,000
Kraaz & Kraaz Finance LLC
Coin Operated Investments LLC
Warranty Deed
$1,368,750 · M & T Bank
Dec 13, 2006
$1,100,000
Coin Operated Investments LLC
Curinga Mary
Grant Deed
—
—
—
Coin Operated Investments LLC
—
Deed Of Trust
related
$775,000 · Becker Trading 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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