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Property profile & analytics
FOR LEASE
Office buildings
3675 20Th St Vero Beach, FL 32960
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5627004
For Lease
1 / 2
$12 SF/Yr
3675 20Th St, Vero Beach, FL 32960
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,352 SF
Lot
0.67 ac (29,185 SF)
Zoning code
POI
APN
33-39-03-00023-0010-00001.0
UPID
US18-5627004
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
-
Millennium Collections Corporation Accounting Firm Loan Service
-
Watson Realty Property Management Vero Beach Office Property Management Company
-
Watson Realty Corp Vero Beach Real Estate Agency
-
Amber Perna Realty Real Estate Agency
-
Vero Health Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$854k
Blend (final)
Blend
$690k
Owner & transaction history
Watson Properties 3 LLC · 2 yrs held
Watson Properties 3 LLC
since 2024
Last sale
$692,000
5 recorded transactions
Zoning & alternative use
POI · 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
$690,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $692k (Feb 28 2024)
Last sale anchor
$692k
Feb 28 2024
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
$83 / 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
$11,834
Tax year 2023
Assessed value
$689,733
Assessed 2023
Previous assessed
$693,414
-0.5% YoY
Effective rate
1.72%
On assessed value
Assessed land
$199,716
Assessed improvement
$490,017
Land market value
$199,716
Improvement market value
$490,017
Total market value
$689,733
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
8,352 SF
Lot
0.67 ac (29,185 SF)
Zoning code
POI
APN
33-39-03-00023-0010-00001.0
UPID
US18-5627004
Jurisdiction
INDIAN RIVER
Zoning & alternative use
POI · Vero Beach, FL
Zoning POI · permitted uses
POI · 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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
0.67 ac
Current owner
From public records · entity-resolved
Watson Properties 3 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7821 DEERCREEK CLB RD STE #200, JACKSONVILLE, FL 32256-3698
Ownership since
2024
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
Feb 28, 2024
$692,000
Watson Properties 3 LLC
Watson Realty Corp
Warranty Deed
—
Jun 13, 2018
—
Watson Realty Corp
—
Deed
related
$960,000 · Branch Bk&tr
Jan 22, 2018
$855,000
Watson Realty Corp
Alex Macwilliam INC
Warranty Deed
—
—
—
Alex Macwilliam INC
—
Deed Of Trust
related
$368,334 · Barnett Bank
—
—
Watson Realty Corp
—
Deed Of Trust
related
$960,000 · Branch Bk&tr
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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