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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Hotels
3500 Ocean Dr 406 Vero Beach, FL 32963-1621
Entity Owned
4-yr Hold
Property ID
US18-0134381
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Total area
1,150 SF
APN
32-40-32-00046-0000-00406.0
UPID
US18-0134381
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
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$730k
Owner & transaction history
Schoodic Investments LLC · 4 yrs held
Schoodic Investments LLC
since 2021
Last sale
$655,000
5 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
$830,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $655k (Dec 22 2021)
Last sale anchor
$655k
Dec 22 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
$635 / 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
$7,797
Tax year 2023
Assessed value
$490,875
Assessed 2023
Previous assessed
$490,875
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed improvement
$490,875
Improvement market value
$490,875
Total market value
$490,875
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
2006
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Total area
1,150 SF
APN
32-40-32-00046-0000-00406.0
UPID
US18-0134381
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
2006
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Current owner
From public records · entity-resolved
Schoodic Investments LLC
Entity
Mailing address
3400 SW 27TH AVE APT #1003, MIAMI, FL 33133-5319
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$655,000
Schoodic Investments LLC
Peter S Broberg
Warranty Deed
—
Mar 5, 2007
$1,300,000
Orchid Island Trust
Vero Beach Hotel & Club LLC
Grant Deed
$1,080,000 · Shelby Cnty St Bk
—
—
Orchid Island Trust
—
Loan Modification
related
—
—
—
Orchid Island Trust
—
Loan Modification
related
—
—
—
Orchid Island Trust
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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