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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3906 9Th St Vero Beach, FL 32968

    • Office buildings
    • 2,526 SF
    • 0.87 lot acres
    For Sale
    View listing
    $895,000
    Value Estimations
    Cap Rate Potential
    10%
    Office buildings
    Location Intelligence
    Property ID
    US18-2705402
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 3906 9Th St

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.87 lot acres
    Property size
    2,526 SF
    Zone code
    CH
    Property type
    Office buildings
    APN
    33-39-22-00001-0130-00004.0
    APU
    9223372036854775807

    Description

    This exceptional 0.81-acre commercial land parcel in Vero Beach, Florida, presents a unique investment opportunity. Located at 3906 9th St SW, Vero Beach, FL 32968, this property boasts 125 feet of road frontage and 318 feet of depth, offering significant visibility and accessibility. Zoned (CH) Heavy Commercial, it allows for a wide range of retail developments. The property's strategic location benefits from its proximity to the I-95/Oslo interchange, scheduled for completion by 2027, promising increased traffic and accessibility. Currently featuring an older home, this structure could be repurposed as office space or removed to accommodate new construction. County water and sewer are available, and FPL provides electricity. The 2023 property taxes were $3,221.96. This prime retail land is priced at $895,000 and represents a compelling investment in a rapidly developing area. Don't miss this chance to secure a prominent location in Vero Beach's thriving commercial sector. The property is situated in Indian River County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $480,000
      6.5%
      $445,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $258,000
      Market price range: $87.8k - $303k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4267
    Latitude
    27.5878
    CBSA code
    42680
    CBSA name
    SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,288
    $128,850
    $53,744
    $182,594
    -
    $128,850
    $53,744
    $182,594

    Comparable in this City

    • Value Estimation by Request
      89,003 SF

      7625 17th SW St

      OFFICE BUILDING • 89,003 SF
      7625 17th SW St, Vero Beach, FL 32968-9405
      View Details
    • Value Estimation
      $680,000
      25,625 SF

      505 66th SW Ave

      OFFICE BUILDING • 25,625 SF
      505 66th SW Ave, Vero Beach, FL 32968-9371
      View Details
    • Value Estimation
      $315,000
      11,962 SF

      605 90th Ave

      OFFICE BUILDING • 11,962 SF
      605 90th Ave, Vero Beach, FL 32968-9751
      View Details
    • Value Estimation
      $230,000
      600 SF

      553 27th SW Ave

      OFFICE BUILDING • 600 SF
      553 27th SW Ave, Vero Beach, FL 32968-4202
      View Details
    • Value Estimation
      $245,000
      2,858 SF

      593 27th SW Ave

      OFFICE BUILDING • 2,858 SF
      593 27th SW Ave, Vero Beach, FL 32968-4202
      View Details
    • Value Estimation
      $270,000
      4,579 SF

      5820 1st SW St

      OFFICE BUILDING • 4,579 SF
      5820 1st SW St, Vero Beach, FL 32968-9529
      View Details

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      Vero Beach Commercial Land - $399K

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      Vero Beach Warehouse with Docks

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    Similar Nearby for Lease

    • $14 SF/Yr

      Vero Beach Flex Space Available

      Flex space with office, warehouse, and heavy commercial zoning.
      815 33Rd Ct SW, Vero Beach, FL 32968
      View Details
    • $15 SF/Yr

      Vero Beach Flex Space Available

      Flex space with office, bay doors, and high ceilings.
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      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Vero Beach

      Retail space available in a Publix and CVS anchored center.
      4125-4165 9Th St SW, Vero Beach, FL 32968
      View Details
    • Contact for pricing
      71,790 SF

      Vero Beach Retail Space Available

      High-traffic retail center, two suites available.
      4125 9Th St, Vero Beach, FL 32968
      View Details
    • $3,461 /Mo
      1,750 SF

      Retail Space in Dixie Plaza

      Retail space for lease in a high-traffic plaza.
      2950 9Th St SW, Vero Beach, FL 32968
      View Details
    • $15 SF/Yr

      Vero Beach Flex Space Available

      Flex space with high ceilings and convenient highway access.
      863 33Rd Ct SW, Vero Beach, FL 32968
      View Details
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    3906 9Th St
    Vero Beach, FL 32968
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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