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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Warehouses
3235 58th Ave, Vero Beach, FL 32966-2080
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-3009620
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1973
Construction
WOOD
Total area
31,981 SF
Lot
5.77 ac (251,341 SF)
Zoning code
RS-3
APN
32-39-32-00001-0090-00002.0
UPID
US18-3009620
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
-
King's Baptist Church Church
-
Annsley West Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.11M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$3.75M
Owner & transaction history
Kings Baptist Church INC · 6 yrs held
Kings Baptist Church INC
since 2019
3 recorded transactions
Zoning & alternative use
RS-3 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.0M
+28.2%
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%
$5,540,000
6.5%
$5,110,000
7%
$4,745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,695,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,015,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±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
$117 / 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
$3,050
Tax year 2023
Assessed value
$2,462,712
Assessed 2023
Previous assessed
$2,498,855
-1.4% YoY
Effective rate
0.12%
On assessed value
Assessed land
$220,703
Assessed improvement
$2,242,009
Land market value
$220,703
Improvement market value
$2,242,009
Total market value
$2,462,712
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Total area
31,981 SF
Lot
5.77 ac (251,341 SF)
Zoning code
RS-3
APN
32-39-32-00001-0090-00002.0
UPID
US18-3009620
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RS-3 · Vero Beach, FL
Zoning RS-3 · permitted uses
RS-3 · 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
WAREHOUSE, STORAGE Current
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
5.77 ac
Current owner
From public records · entity-resolved
Kings Baptist Church INC
Entity
Free & Clear · 6 yrs held
Mailing address
3235 58TH AVE, VERO BEACH, FL 32966-2080
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Dec 13, 2019
—
Kings Baptist Church INC
Pioneer Baptist Ch Of Vero Bch In
Quit Claim Deed
related
—
Jun 17, 2011
—
Kings Baptist Church INC
—
Deed Of Trust
related
$1,024,143 · King's Baptist Church Tr (ct)
Jul 18, 2002
—
Indian River County (fl)
Kings Baptist Church INC
Grant Deed
related
—
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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