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Property profile

41 Royal Palm Pt Vero Beach, FL 32960

OFF-MARKET
Turn key restaurants
Property ID
US19-0863764
View Sample
3,620 SF 0.57 ac lot Built 1973
Entity Owned 10-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,620 SF
Lot 0.57 ac (24,829 SF)
Zoning code C-1B
APN 32-40-31-00001-0010-00015.0
UPID US19-0863764

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2016
6 recorded transactions
2021
Price N/A
2016
$1.8M
2007
$1.8M
2001
$1.1M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-1B · Vero Beach, FL
Zoning description

explanation of interpretation of this table. 2. Abbreviations: P = Permitted by Right C = Allowed with a Conditional Use Permit Blank = Use not allowed Allowed uses Commercial Districts: Use s Types B-1 B-2 B-3 B-4 C-1A…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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