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Property profile & analytics
OFF-MARKET
Estimated value
$5,385,000
Office buildings
4725 Hwy A1a Vero Beach, FL 32963-5401
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-5288872
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,242 SF
Lot
2.46 ac (107,158 SF)
Zoning code
C-1A
APN
32-40-29-00004-0020-00001.0
UPID
US18-5288872
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
by Request
CAP Approach
CAP
$5.49M
Comparable Approach
Comparable
$6.39M
Blend (final)
Blend
$5.39M
Owner & transaction history
Backus Land Management LLC · 10 yrs held
Backus Land Management LLC
since 2016
4 recorded transactions
Zoning & alternative use
C-1A · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.5M
+15.1%
Auto repair, garage
$6.8M
+4.1%
Retail stores
$6.7M
+3.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,945,000
6.5%
$5,485,000
7%
$5,095,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,510,000
Current use
MEDICAL BUILDING
$7,490,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,780,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$6,735,000
Change: +3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,875,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$5.39M
Range $4.85M – $5.92M · ±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
$172 / 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
$104,551
Tax year 2023
Assessed value
$6,207,269
Assessed 2023
Previous assessed
$6,115,381
+1.5% YoY
Effective rate
1.68%
On assessed value
Assessed land
$2,048,075
Assessed improvement
$4,159,194
Land market value
$2,048,075
Improvement market value
$4,159,194
Total market value
$6,207,269
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
3
Units
3
Total area
31,242 SF
Lot
2.46 ac (107,158 SF)
Zoning code
C-1A
APN
32-40-29-00004-0020-00001.0
UPID
US18-5288872
Jurisdiction
INDIAN RIVER
Zoning & alternative use
C-1A · Vero Beach, FL
Zoning C-1A · permitted uses
C-1A · 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
OFFICE BUILDING Current
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.8M
RETAIL STORES
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
4
Units
3
Lot
2.46 ac
Current owner
From public records · entity-resolved
Backus Land Management LLC
Entity
Mailing address
4731 HWY A1A, VERO BEACH, FL 32963-5401
Ownership since
2016
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
Jan 22, 2025
—
Backus Land Management LLC
—
Deed
related
$600,000 · Southstate Bank NA
Aug 7, 2017
—
Backus Land Management LLC
—
Deed
related
$100,000 · Harbor Community Bank
Jun 30, 2016
$6,250,000
Backus Land Management LLC
Wabasso Ptshp
Warranty Deed
—
—
—
Wabasso Ptshp
—
Deed Of Trust
related
$350,000 · Wachovia Bank NA
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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