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Property profile & analytics
FOR LEASE
Medical Office Space
3755 7Th Ter Vero Beach, FL 32960
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0519258
For Lease
1 / 25
$21 SF/Yr
3755 7Th Ter, Vero Beach, FL 32960
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Property summary
AI-generated overview
This exceptional Class A medical office building, located at 3755 7th Terrace in Vero Beach, Florida (zip code 32960), offers 19,700 square feet of prime space. The building, constructed in 1999, features six suites, with a minimum divisible space of 1,316 square feet and a maximum contiguous space of 8,195 square feet. Currently, 18,858 square feet is available for lease. The property boasts ample parking and a single passenger elevator, ensuring convenient access for patients and staff. Its strategic location in the Medical District of Indian River County, near Indian River Blvd & 37th Street, provides excellent visibility and accessibility. The building is zoned MED, reflecting its suitability for medical and professional uses. The property benefits from its proximity to major medical facilities, including the Cleveland Clinic, further enhancing its appeal and potential for success. This is a rare opportunity to secure high-quality medical office space in a thriving Vero Beach medical hub. The building's existing tenants include Advanced Dermatology and Cosmetic Surgery, Dental Buddies of Vero Beach, and Florida Cancer Specialist.
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,812 SF
Lot
2.11 ac (91,912 SF)
Zoning code
OCR
APN
32-39-25-00002-0000-00006.0
UPID
US18-0519258
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
-
Dental Buddies Dental Office
-
Stone Jeanne Dental Office
-
Larry Landsman, MD Physician Medical Clinic
-
Advanced Dermatology Physician Medical Clinic
-
Dr. Hal W. Brown, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.68M
Owner & transaction history
3755 7th Terrace Owner LLC · 3 yrs held
3755 7th Terrace Owner LLC
since 2022
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
OCR · 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)
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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
$2,820,000
ML approach
$2,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±10% · vs last sale $2.48M (Nov 8 2022)
Last sale anchor
$2.48M
Nov 8 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
$112 / 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
$42,118
Tax year 2023
Assessed value
$2,753,040
Assessed 2023
Previous assessed
$2,759,547
-0.2% YoY
Effective rate
1.53%
On assessed value
Assessed land
$625,212
Assessed improvement
$2,127,828
Land market value
$625,212
Improvement market value
$2,127,828
Total market value
$2,753,040
Applied tax rate
7.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
For Lease
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
12
Total area
23,812 SF
Lot
2.11 ac (91,912 SF)
Zoning code
OCR
APN
32-39-25-00002-0000-00006.0
UPID
US18-0519258
Jurisdiction
INDIAN RIVER
Zoning & alternative use
OCR · Vero Beach, FLZoning OCR · permitted uses
OCR · Vero Beach, FL
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
12
Lot
2.11 ac
Current owner
From public records · entity-resolved
3755 7th Terrace Owner LLC
Entity
Mailing address
661 UNIVERSITY BLVD STE #200, JUPITER, FL 33458-2795
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2022
$2,480,000
3755 7th Terrace Owner LLC
Womob 3350 And 3355 7th Terrace LLC
Special Warranty Deed
—
Aug 8, 2014
$3,240,000
Oak Point Vero Properties LP
Molen,thomas A & Gail P
Grant Deed
$4,050,000 · American Family Life Ins Corp
Jun 20, 2002
$3,595,000
Thomas A Molesta
Oak Point Corp
Grant Deed
$655,945 · First Nat'l Bk & Tr Treasure C
—
—
Thomas A Molen
—
Deed Of Trust
related
$171,500 · Seacoast National Bank
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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