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    Property profile & analytics

    3206 45th St Vero Beach, FL 32967-1767

    • Grocery and convenience stores
    • 1,888 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US19-0453543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Visiting Nurse Association / Home Health Care Service
    • SMITH FOOD MARKET INC. / Convenience Store / Atm

    Property Details for 3206 45th St

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    1,888 SF
    Zone code
    CL
    Property type
    Grocery and convenience stores
    APN
    32-39-22-00008-0030-00001.0
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $245,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $275,000
      Mixed-Use
      $240,000
      Hospitality
      $220,000
      Educational
      $230,000
      Residential Income
      $225,000
      Energy
      $230,000
      Income-Based Land
      $245,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4183
    Latitude
    27.6753
    CBSA code
    42680
    CBSA name
    SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,368
    $11,713
    $38,668
    $50,381
    -
    $11,713
    $38,668
    $50,381

    Comparable in this City

    • Value Estimation by Request
      2,822 SF

      4306 26th Ave

      GROCERY, SUPERMARKET • 2,822 SF
      4306 26th Ave, Vero Beach, FL 32967-1312
      View Details
    • Value Estimation by Request
      1.73 Acres

      5715 Us-1

      Individual retail properties • 73,359 SF
      5715 Us-1, Vero Beach, FL 32967
      View Details
    • Value Estimation by Request
      67,000 SF

      5220 Us Hwy 1st 1

      GROCERY, SUPERMARKET • 67,000 SF
      5220 Us Hwy 1st 1, Vero Beach, FL 32967-7029
      View Details
    • Value Estimation
      $310,000
      3,096 SF

      4182 Old Dixie Hwy

      GROCERY, SUPERMARKET • 3,096 SF
      4182 Old Dixie Hwy, Vero Beach, FL 32967-4502
      View Details
    • Value Estimation
      $310,000
      1,568 SF

      2400 43rd St

      CONVENIENCE STORE • 1,568 SF
      2400 43rd St, Vero Beach, FL 32967-1336
      View Details
    • Value Estimation by Request
      4,770 SF

      5325 Us Hwy 1st 1

      CONVENIENCE STORE • 4,770 SF
      5325 Us Hwy 1st 1, Vero Beach, FL 32967-7603
      View Details

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    Similar Nearby for Lease

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    • $1,100 /Mo
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      Prime US-1 Commercial Space

      Second-floor office, high visibility.
      8104 Us Highway 1, Vero Beach, FL 32967
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    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease in growing retail area.
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    • $1,500 /Mo

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    Vero Beach, FL 32967-1767
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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