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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Office buildings
3377 Ocean Dr, Vero Beach, FL 32963-1614
Entity Owned
19-yr Hold
Free & Clear
Property ID
US18-4567662
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,882 SF
Lot
0.66 ac (28,750 SF)
Zoning code
C-1A
APN
32-40-32-00006-0060-00034.0
UPID
US18-4567662
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
-
Norris & Company Real Estate Real Estate Agency
-
Berkshire Hathaway HomeServices Florida Realty Real Estate Agency
-
Berkshire Hathaway HomeServices Florida Realty: Debbie Bell Real Estate Agency
-
Sand & Land Team - Berkshire Hathaway HomeServices - Florida Realty Real Estate Agency
-
Real Estate in Vero Beach | Brown, Brugnoli + Garey Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$2.09M
Owner & transaction history
Bam Building Associates LLP · 19 yrs held
Bam Building Associates LLP
since 2007
1 recorded transaction
Zoning & alternative use
C-1A · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+15.1%
Auto repair, garage
$2.6M
+4.1%
Retail stores
$2.6M
+3.5%
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%
$2,260,000
6.5%
$2,085,000
7%
$1,940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,475,000
Current use
MEDICAL BUILDING
$2,850,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,580,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$2,560,000
Change: +3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,235,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±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
$175 / 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
$39,193
Tax year 2023
Assessed value
$2,421,946
Assessed 2023
Previous assessed
$2,456,058
-1.4% YoY
Effective rate
1.62%
On assessed value
Assessed land
$978,690
Assessed improvement
$1,443,256
Land market value
$978,690
Improvement market value
$1,443,256
Total market value
$2,421,946
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
11,882 SF
Lot
0.66 ac (28,750 SF)
Zoning code
C-1A
APN
32-40-32-00006-0060-00034.0
UPID
US18-4567662
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
OFFICE BUILDING Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
Bam Building Associates LLP
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 643730, VERO BEACH, FL 32964-3730
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2007
—
Bam Building Associates LLP
Arden,hamilton G JR
Quit Claim 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.
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