Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Hotels
3500 Ocean Dr 325 Vero Beach, FL 32963-1621
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-5109147
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Total area
1,000 SF
APN
32-40-32-00046-0000-00325.0
UPID
US18-5109147
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
-
Sea Glass Boutique (Bike/Boat/Book/etc) Store
-
Tesla Destination Charger Electric Vehicle Charging Station
-
White Orchid Spa Spa & Massage Center Alternative Medicine Practice
-
Heaton's Restaurant
-
Cobalt Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$498k
Blend (final)
Blend
$645k
Owner & transaction history
Michael Terry Matlack · 4 yrs held
Michael Terry Matlack
since 2022
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
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
$730,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $610k (Apr 20 2022)
Last sale anchor
$610k
Apr 20 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
$645 / 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
$4,407
Tax year 2023
Assessed value
$274,125
Assessed 2023
Previous assessed
$274,125
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed improvement
$274,125
Improvement market value
$274,125
Total market value
$274,125
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
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Total area
1,000 SF
APN
32-40-32-00046-0000-00325.0
UPID
US18-5109147
Jurisdiction
INDIAN RIVER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Current owner
From public records · entity-resolved
Michael Terry Matlack
Individual
Free & Clear · 4 yrs held
Mailing address
4270 4TH PL, VERO BEACH, FL 32968-1965
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
$610,000
Michael Terry Matlack
3500 Ocean Drive 325 LLC
Warranty Deed
—
Dec 5, 2019
—
3500 Ocean Drive 325 LLC
Robinson Family Trust
Warranty Deed
related
—
Sep 11, 2019
$540,000
Robinson Family Trust
Tres Js LLC
Warranty Deed
—
Nov 2, 2015
$322,000
Tres Js LLC
Us Rof IV Legal Trust 2015-1
Grant Deed
$410,000 · First Western Fsb
Nov 2, 2015
—
Us Rof IV Legal Titl Trust 2015-1
Prof-2013-m4 Reo I LLC
Quit Claim Deed
related
—
Jun 25, 2015
$315,100
Prof-2013-m4 Reo I LLC
Sudeall Joyce Coc
Trustees Deed
related
—
Feb 15, 2008
$849,000
Joyce Sudeall
Vero Lodging LLC
Special Warranty Deed
$636,750 · Jpmorgan Chase 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3500 Ocean Dr, Unit 325?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
