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

    4440 43rd Ave Vero Beach, FL 32967-1001

    • Garden apartment buildings
    • 95,858 SF
    • 12.41 lot acres
    OFF-MARKET
    Value Estimations
    $13,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0319792
    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

    • Garden apartment buildings

    Property Details for 4440 43rd Ave

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    12.41 lot acres
    Property size
    95,858 SF
    Zone code
    RM-10
    Property type
    Garden apartment buildings
    APN
    32-39-27-00009-0040-00001.2
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $17,030,000
      6.5%
      $15,720,000
      7%
      $14,595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,349,000
      Market price range: $12.3M - $25.9M
      AI Estimate
      $12,175,000
      Market price range: $12.2M - $21.2M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $18,025,000
      Current use
      AUTO REPAIR, GARAGE
      $20,795,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $20,670,000
      Change: +15% Conversion: Difficult
      OFFICE BUILDING
      $19,970,000
      Change: +11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4275
    Latitude
    27.6739
    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
    $13,862
    $284,810
    $2,687,194
    $2,972,004
    -
    $284,810
    $2,687,194
    $2,972,004

    Comparable in this City

    • Value Estimation
      $12,045,000
      82,994 SF

      4825 38th Cir, Unit 6

      GARDEN APT, COURT APT (5+ UNITS) • 82,994 SF
      4825 38th Cir, Vero Beach, FL 32967-0960
      View Details
    • Value Estimation
      $3,720,000
      25,570 SF

      4100 45th Pl

      GARDEN APT, COURT APT (5+ UNITS) • 25,570 SF
      4100 45th Pl, Vero Beach, FL 32967
      View Details
    • Value Estimation
      $35,895,000
      214,784 SF

      1810 Woodland Cir

      GARDEN APT, COURT APT (5+ UNITS) • 214,784 SF
      1810 Woodland Cir, Vero Beach, FL 32967-2000
      View Details
    • Value Estimation
      $16,715,000
      110,137 SF

      4885 38th Cir

      GARDEN APT, COURT APT (5+ UNITS) • 110,137 SF
      4885 38th Cir, Vero Beach, FL 32967-0942
      View Details
    • Value Estimation by Request
      1,120 SF

      2605 44th Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,120 SF
      2605 44th Pl, Vero Beach, FL 32967-1302
      View Details
    • Value Estimation by Request
      1,200 SF

      4410 26th Ave, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,200 SF
      4410 26th Ave, Vero Beach, FL 32967-4547
      View Details

    Similar Nearby for Sale

    • $490,000
      1,657 SF

      Vero Beach Mixed-Use Investment

      Restaurant and 7-unit rooming house in Vero Beach, Florida.
      4410 38Th Ave, Vero Beach, FL 32967
      View Details
    • $439,000
      1,800 SF

      Vero Beach Multifamily Investment

      Brand new, 8% CAP rate, turnkey property.
      5730 59Th Ave, Vero Beach, FL 32967
      View Details
    • $539,000
      2.26 Acres

      Vero Beach Development Opportunity

      2.26-acre parcel zoned RM-6 for multi-family development.
      Us Highway 1, Vero Beach, FL 32967
      View Details
    • $65,000

      Vero Beach Commercial Land Investment

      Prime .30-Acre Corner Lot, $65,000
      8415 97Th Ave, Vero Beach, FL 32967
      View Details
    • $55,000

      Vero Beach Single Family Home

      Single family home in Vero Beach, Florida.
      7945 98Th Ct, Vero Beach, FL 32967
      View Details
    • $37,500

      Vero Beach Commercial Land Investment

      9,148 SF Lot, Prime Location
      8546 106Th Ave, Vero Beach, FL 32967
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Renovated Apartment Near Vero Beach

      Renovated 1/1 apartment in Vero Beach, near the beach.
      4410 26Th Ave, Vero Beach, FL 32967
      View Details
    • $2,000 /Mo
      712 SF

      Vero Beach Office Suite

      Two-room office suite with private bath and separate entrance.
      4560 Us Highway 1, Vero Beach, FL 32967
      View Details
    • $23 SF/Yr

      US Hwy 1 Corner Location

      Retail, medical, or office space available on US Hwy 1.
      2190 45Th St, Vero Beach, FL 32967
      View Details
    • $16 SF/Yr
      8,110 SF

      Vero Beach Retail/Office Space

      Prime Vero Beach location, 1,345-5,508 SF available.
      2190 45Th St, Vero Beach, FL 32967
      View Details
    • $3 SF/Yr
      36,000 SF

      Vero Beach Industrial Warehouse Space

      13 Suites, 6,000 SF Available, Vero Beach
      3807 65Th St, Vero Beach, FL 32967
      View Details
    • $23 SF/Yr

      US Hwy 1 Corner Location

      Retail, medical, or office space with highway frontage.
      2190 45Th St, Vero Beach, FL 32967
      View Details
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    Vero Beach, FL 32967-1001
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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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