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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Retail space
3309 Ocean Dr Vero Beach, FL 32963-1959
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2992825
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,685 SF
Lot
0.13 ac (5,663 SF)
Zoning code
C-1A
APN
32-40-32-00006-0050-00036.0
UPID
US18-2992825
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
-
Palm Beach Sandals - North Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Palm Beach Sandals Vero Beach Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Palm Beach Sandals Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
3309 Ocean Drive LLC · 4 yrs held
3309 Ocean Drive LLC
since 2021
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
C-1A · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,040,000
ML approach
$2,930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±10% · vs last sale $2.40M (Nov 9 2021)
Last sale anchor
$2.40M
Nov 9 2021
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
$1,004 / 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
$8,577
Tax year 2023
Assessed value
$501,837
Assessed 2023
Previous assessed
$505,201
-0.7% YoY
Effective rate
1.71%
On assessed value
Assessed land
$190,230
Assessed improvement
$311,607
Land market value
$190,230
Improvement market value
$311,607
Total market value
$501,837
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
2,685 SF
Lot
0.13 ac (5,663 SF)
Zoning code
C-1A
APN
32-40-32-00006-0050-00036.0
UPID
US18-2992825
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.
Building & site characteristics
From public records
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
3309 Ocean Drive LLC
Entity
Mailing address
277 ROYAL POINCIANA WAY #108, PALM BEACH, FL 33480-4007
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
$2,400,000
3309 Ocean Drive LLC
3315 Ocean Drive LLC
Warranty Deed
—
Jul 10, 2017
—
3315 Ocean Drive LLC
Ann L Mcevoy
Quit Claim Deed
related
$457,000 · Marine Bank & Trust Company
Sep 4, 2002
$590,000
Ann L Mcevoy
Lanzone,daniel
Grant Deed
$448,000 · Suntrust Bank NA
—
—
Ann L Mcevoy
—
Deed Of Trust
related
$705,000 · Pnc Bank
—
—
Ann L Mcevoy
—
Deed Of Trust
related
$545,000 · Suntrust Bank NA
—
—
Ann L Mcevoy
—
Deed Of Trust
related
$100,000 · Suntrust Bank NA
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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