Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$33,215,000
Motels
3901 26th St Vero Beach, FL 32960-1928
Entity Owned
23-yr Hold
Free & Clear
Property ID
US19-0492933
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
191,735 SF
Lot
60.64 ac (2,641,478 SF)
Zoning code
ALI-MC
APN
32-39-26-00011-0230-00001.0
UPID
US19-0492933
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
-
Historic Dodgertown Hotel Registration and Front Desk Hotel & Motel
-
Vero Beach Sports Village Gym & Fitness Center Sports Field & Court
-
Baseball Field Sports Field & Court Sports School
-
Minor League Baseball Umpire Training Academy Training Center Vocational School
-
Jackie Robinson Training Complex Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.69M
Blend (final)
Blend
$33.22M
Owner & transaction history
Dodgertown Venture Lllp · 23 yrs held
Dodgertown Venture Lllp
since 2003
4 recorded transactions
Zoning & alternative use
ALI-MC · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These districts are designed to provide for a distribution of uses at the Vero Beach Municipal Airport which are compatible and complementary of one another and the airport at large
Zone name
Airport Light Industrial Multi Activity Complex
General category
INDUSTRIAL
Zone area
128.04 ac
Source
Realmo
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$33.22M
Range $29.89M – $36.54M · ±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
$173 / 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
$25,663
Tax year 2023
Assessed value
$10,315,671
Assessed 2023
Previous assessed
$10,372,721
-0.6% YoY
Effective rate
0.25%
On assessed value
Assessed land
$1,546,320
Assessed improvement
$8,769,351
Land market value
$1,546,320
Improvement market value
$8,769,351
Total market value
$10,315,671
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
13
Stories
1
Units
1
Rooms
12
Bathrooms
2
Total area
191,735 SF
Lot
60.64 ac (2,641,478 SF)
Zoning code
ALI-MC
APN
32-39-26-00011-0230-00001.0
UPID
US19-0492933
Jurisdiction
INDIAN RIVER
Zoning & alternative use
ALI-MC · Vero Beach, FLZoning ALI-MC · permitted uses
ALI-MC · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These districts are designed to provide for a distribution of uses at the Vero Beach Municipal Airport which are compatible and complementary of one another and the airport at large
Zone name
Airport Light Industrial Multi Activity Complex
General category
INDUSTRIAL
Zone area
128.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
13
Units
1
Rooms
12
Bathrooms
2
Lot
60.64 ac
Current owner
From public records · entity-resolved
Dodgertown Venture Lllp
Entity
Free & Clear · 23 yrs held
Mailing address
1801 27TH ST, VERO BEACH, FL 32960-3388
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
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
Jul 2, 2003
$2,674,500
Dodgertown Venture Lllp
Los Angeles Dodgers INC
Grant Deed
related
—
Feb 1, 2002
$2,839,800
Los Angeles Dodgers INC
Vero Acquisition
Grant Deed
—
Aug 29, 2001
$10,000,000
Indian River County (fl)
Los Angeles Dodgers INC
Grant Deed
—
Aug 29, 2001
$2,839,800
Vero Acquistion Lllp
Los Angeles Dodgers INC
Grant Deed
—
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 3901 26th St?
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.
