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Property profile & analytics
OFF-MARKET
Estimated value
$2,780,000
Office buildings
3775 20th St Vero Beach, FL 32960-2401
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4559991
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,424 SF
Lot
1.04 ac (45,302 SF)
Zoning code
POI
APN
33-39-03-00024-0010-00001.0
UPID
US18-4559991
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
-
Movement Mortgage, LLC NMLS # 1583230 Loan Service Bank
-
Kurt Gradel, Realtor Real Estate Agency
-
Karen Mathers - REALTOR® Real Estate Agency
-
Renee Keene / Real Estate Agent Real Estate Agency
-
Kevin Howard P. A. | Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
$3.55M
Blend (final)
Blend
$2.78M
Owner & transaction history
Charter Realty & Investment Company · 10 yrs held
Charter Realty & Investment Company
since 2015
6 recorded transactions
Zoning & alternative use
POI · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
you may contact the Planning and Development Department: Phone: 772-978-4550 Email: [email protected] Below are summary zoning information that may be helpful: Allowed uses Office and Institutional Districts: Use Types POI I Use Specific Standards Residential Uses - Dwellings Dwellings, single family detached P Residential Uses - Group Living Assisted living…
Zone name
Professional Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
106.38 ac
Top alternative use upside
Medical building
$3.4M
+28.1%
Auto repair, garage
$3.1M
+18.6%
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%
$2,745,000
6.5%
$2,535,000
7%
$2,350,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,640,000
Current use
MEDICAL BUILDING
$3,380,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,130,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$2,625,000
Change: -1% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,495,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$2,115,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.78M
Range $2.50M – $3.06M · ±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
$193 / 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
$30,174
Tax year 2023
Assessed value
$1,825,588
Assessed 2023
Previous assessed
$1,830,686
-0.3% YoY
Effective rate
1.65%
On assessed value
Assessed land
$282,232
Assessed improvement
$1,543,356
Land market value
$282,232
Improvement market value
$1,543,356
Total market value
$1,825,588
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
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
14,424 SF
Lot
1.04 ac (45,302 SF)
Zoning code
POI
APN
33-39-03-00024-0010-00001.0
UPID
US18-4559991
Jurisdiction
INDIAN RIVER
Zoning & alternative use
POI · Vero Beach, FLZoning 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
Zoning description
you may contact the Planning and Development Department: Phone: 772-978-4550 Email: [email protected] Below are summary zoning information that may be helpful: Allowed uses Office and Institutional Districts: Use Types POI I Use Specific Standards Residential Uses - Dwellings Dwellings, single family detached P Residential Uses - Group Living Assisted living facilities P Standards in Sec. 67.03(a) apply Group homes P Standards in Sec. 67.
Zone name
Professional Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
106.38 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.1M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
2
Lot
1.04 ac
Current owner
From public records · entity-resolved
Charter Realty & Investment Company
Entity
Mailing address
4455 MILITARY TRL STE #102, JUPITER, FL 33458-4828
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2015
$2,225,000
Charter Realty & Investment Company
Premier Office Building LLC
Warranty Deed
$1,625,000 · Harbor Community Bank
Dec 9, 2004
—
Kelbrac Building LLC
Zigrang,elizabeth M
Warranty Deed
related
—
Nov 18, 2004
—
Kelbrac Building LLC
Zigrang,walter R
Quit Claim Deed
related
$550,000 · Zigrang Elizabeth M Trust (tr)
Nov 18, 2004
$700,000
Kelbrac Building LLC
Bresnahan,betty J
Warranty Deed
—
—
—
Premier Office Building LLC
—
Deed Of Trust
related
$3,480,000 · Seacoast National Bank
—
—
Kelbrac Building LLC
—
Deed Of Trust
related
$560,000 · Harbor Fsb
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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