Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,075,000
Grocery and convenience stores
4125 9th SW St Vero Beach, FL 32968-4880
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-2595456
Property summary
AI-generated overview
This exceptional retail opportunity is located in a vibrant Vero Beach, Florida, strip center at 4125 9th Street, SW, zip code 32968. The property, known as South Point, boasts a total of 71,790 square feet and offers two available suites within a multi-tenant building. Each suite provides ample space, with a minimum divisible size of 1,050 square feet and a maximum contiguous size of 1,400 square feet. Currently, 2,450 square feet are vacant and ready for immediate occupancy. This prime location benefits from its strategic position in Indian River County, enjoying high visibility and foot traffic due to its dual-anchored status with Publix and CVS. The property's address is at the corner of 43rd Avenue SW and Oslo Road, ensuring excellent accessibility and exposure to a large customer base. This presents a unique chance to establish or expand a retail business in a thriving commercial area. The property is classified as a retail strip center, offering a blend of convenience and visibility for potential tenants. This is an ideal location for businesses seeking a strong presence in a well-established and busy commercial area of Vero Beach.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
66,113 SF
Lot
21.45 ac (934,362 SF)
Zoning code
CL
APN
33-39-27-00001-0040-00005.0
UPID
US18-2595456
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
-
ONIKU HIBACHI Restaurant
-
Elite Vero Beach Garage Doors Building Supply General Contractor
-
Grand Slam Beverage (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Edward Jones - Financial Advisor: Sam Mingear, CRPC™|AWMA™ Financial Advisor
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.77M
Comparable Approach
Comparable
$6.07M
Blend (final)
Blend
$8.08M
Owner & transaction history
Equity One Southpoint INC · 19 yrs held
Equity One Southpoint INC
since 2006
1 recorded transaction
Zoning & alternative use
CL · 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)
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%
$10,585,000
6.5%
$9,770,000
7%
$9,075,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,430,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$8.08M
Range $7.27M – $8.88M · ±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
$122 / 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
$127,486
Tax year 2023
Assessed value
$6,727,315
Assessed 2023
Previous assessed
$6,675,174
+0.8% YoY
Effective rate
1.90%
On assessed value
Assessed land
$1,553,996
Assessed improvement
$5,173,319
Land market value
$1,553,996
Improvement market value
$5,173,319
Total market value
$6,727,315
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Total area
66,113 SF
Lot
21.45 ac (934,362 SF)
Zoning code
CL
APN
33-39-27-00001-0040-00005.0
UPID
US18-2595456
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CL · Vero Beach, FL
Zoning CL · permitted uses
CL · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vero Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.4M
APARTMENT HOUSE (5+ UNITS)
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
21.45 ac
Current owner
From public records · entity-resolved
Equity One Southpoint INC
Entity
Mailing address
PO BOX 2539, SAN ANTONIO, TX 78299-2539
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2006
$13,990,000
Equity One Southpoint INC
Nap Oslo 43 LLC
Grant Deed
$8,198,154 · Gmac Commercial Mortgage Corp
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 4125 9th SW 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.
