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

    5820 20Th St Vero Beach, FL 32966

    • Community centers
    • 145,812 SF
    • 17.40 lot acres
    For Lease
    View listing
    Value Estimations
    $1,275,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0499111
    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

    • Massage Envy / Massage Therapist / Reflexologist

    Property Details for 5820 20Th St

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    17.40 lot acres
    Property size
    145,812 SF
    Zone code
    CG
    Property type
    Community centers
    APN
    33-39-05-00001-0080-00001.3
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4496
    Latitude
    27.6409
    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
    $200,856
    $1,778,166
    $9,619,658
    $11,397,824
    -
    $1,778,166
    $9,619,658
    $11,397,824

    Comparable in this City

    • Value Estimation
      $1,095,000
      116,554 SF

      2006 58th Ave

      MINI-MALL • 116,554 SF
      2006 58th Ave, Vero Beach, FL 32966-4610
      View Details
    • Value Estimation
      $1,260,000
      358,194 SF

      1657 94th Dr

      REGIONAL SHOPPING CENTER, MALL • 358,194 SF
      1657 94th Dr, Vero Beach, FL 32966-3616
      View Details
    • Value Estimation
      $5,035,000
      30,086 SF

      6590 20th St

      WHOLESALE OUTLET, DISCOUNT STORE • 30,086 SF
      6590 20th St, Vero Beach, FL 32966-1031
      View Details
    • Value Estimation
      $755,000
      33,352 SF

      6560 20th St

      WHOLESALE OUTLET, DISCOUNT STORE • 33,352 SF
      6560 20th St, Vero Beach, FL 32966-1031
      View Details
    • Value Estimation
      $4,845,000
      105,055 SF

      6200 20th St

      REGIONAL SHOPPING CENTER, MALL • 105,055 SF
      6200 20th St, Vero Beach, FL 32966-1012
      View Details
    • Value Estimation
      $815,000
      130,822 SF

      6110 20th St

      WHOLESALE OUTLET, DISCOUNT STORE • 130,822 SF
      6110 20th St, Vero Beach, FL 32966-1023
      View Details

    Similar Nearby for Sale

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      Vero Beach Retail Opportunity

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      Prime QSR site, high traffic, vacant lot.
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      Retail Space in West Vero

      Retail property with kitchen, reception, offices, and bay doors.
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      Retail space with kitchen, offices, and rear access.
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      Vero Beach Retail Opportunity

      Retail property with value-add potential and strong demographics.
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    Similar Nearby for Lease

    • $20 SF/Yr
      20,012 SF

      Plantation Plaza: Vero Beach Retail

      Prime Vero Beach retail space available.
      6600 20Th St, Vero Beach, FL 32966
      View Details
    • $14 SF/Yr
      15,500 SF

      Retail Space on State Road

      Retail space available in renovated Vero Beach shopping center.
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    • $18 SF/Yr
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      Vero Beach Retail Space Available

      Prime Vero Beach retail, two units available.
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    • Contact for pricing
      114,876 SF

      Ryanwood Square: Vero Beach Retail

      Prime Vero Beach retail space available.
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      Retail Space in Vero Beach

      Second generation dental suite and small shop space available.
      2006-2180 58Th Ave, Vero Beach, FL 32966
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    • Contact for pricing
      3,251 SF

      Vero Beach Retail Space

      Retail space available for lease in Vero Beach, Florida.
      5820 20Th St, Vero Beach, FL 32966
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      2.0k
    • Avg Time on site
      57 min
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    5820 20Th St
    Vero Beach, FL 32966
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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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