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Property profile & analytics
FOR SALE
Auto shops
4505 Us Hwy 1 Hwy Vero Beach, FL
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-0649533
For Sale
1 / 41
$895,000
4505 Us Hwy 1 Hwy, Vero Beach, FL
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1940
Construction
WOOD
Total area
1,632 SF
Lot
0.29 ac (12,632 SF)
Zoning code
IL
APN
32-39-23-00000-5000-00028.1
UPID
US18-0649533
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$379k
Blend (final)
Blend
$555k
Owner & transaction history
Jody L Miller · 4 yrs held
Jody L Miller
since 2022
Last sale
$555,000
4 recorded transactions
Zoning & alternative use
IL · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$390,000
+10.5%
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
$665,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$355,000
Current use
MEDICAL BUILDING
$390,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$350,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$340,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $555k (Feb 1 2022)
Last sale anchor
$555k
Feb 1 2022
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
$340 / 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
$2,254
Tax year 2023
Assessed value
$137,961
Assessed 2023
Previous assessed
$137,659
+0.2% YoY
Effective rate
1.63%
On assessed value
Assessed land
$85,884
Assessed improvement
$52,077
Land market value
$85,884
Improvement market value
$52,077
Total market value
$137,961
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1940
Construction
WOOD
Heating
NONE
Stories
1
Units
4
Total area
1,632 SF
Lot
0.29 ac (12,632 SF)
Zoning code
IL
APN
32-39-23-00000-5000-00028.1
UPID
US18-0649533
Jurisdiction
INDIAN RIVER
Zoning & alternative use
IL · Vero Beach, FLZoning IL · permitted uses
IL · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$355,000
MEDICAL BUILDING
Est. value
$390,000
RETAIL STORES
Est. value
$350,000
OFFICE BUILDING
Est. value
$340,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1940
Construction
WOOD
Heating
NONE
Stories
1
Units
4
Lot
0.29 ac
Current owner
From public records · entity-resolved
Jody L Miller
Individual
Free & Clear · 4 yrs held
Mailing address
30 LOST BCH LN, VERO BEACH, FL 32963-5000
Ownership since
2022
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
Feb 1, 2022
$555,000
Jody L Miller
Donn Waltrip
Warranty Deed
—
Jun 9, 2021
—
Donn Waltrip
Daniel Waltrip
Intrafamily Transfer
related
—
May 19, 2021
—
Daniel Waltrip
Donn V Waltrip
Intrafamily Transfer
related
—
Dec 26, 2001
$115,000
Indian River County (fl)
Galbraith,leonard E & Carolyn J
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?”
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