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

    5855 20th St Vero Beach, FL 32966-1020

    • Medical offices
    • 4,960 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    $990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9336681
    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

    • Jared Schmitt / Dentist
    • Laura Trombly / Dentist
    • Motto Clear Aligners / Dentist
    • Alex Planes / Dentist
    • Dr. Michael Abraham / Dentist / Oral Surgeon

    Property Details for 5855 20th St

    Year built
    2012
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.90 lot acres
    Property size
    4,960 SF
    Zone code
    CG
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    33-39-05-00010-0000-00002.0
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,120,000
      6.5%
      $1,035,000
      7%
      $960,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $934,000
      Market price range: $321k - $934k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,190,000
      Current use
      AUTO REPAIR, GARAGE
      $1,075,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $1,070,000
      Change: -10% Conversion: Difficult
      OFFICE BUILDING
      $1,035,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4479
    Latitude
    27.6382
    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
    $13,992
    $398,708
    $572,775
    $971,483
    -
    $398,708
    $572,775
    $971,483

    Comparable in this City

    • Value Estimation
      $2,375,000
      20,145 SF

      1960 Pointe W Dr

      DENTAL BUILDING • 20,145 SF
      1960 Pointe W Dr, Vero Beach, FL 32966-1308
      View Details
    • Value Estimation by Request
      21,000 SF

      1960 Pointe Dr

      Medical offices • 21,000 SF
      1960 Pointe Dr, Vero Beach, FL 32966
      View Details
    • Value Estimation
      $3,185,000
      298,914 SF

      1700 Waterford Dr

      HOMES (RETIRED, NURSING) • 298,914 SF
      1700 Waterford Dr, Vero Beach, FL 32966-8043
      View Details
    • Value Estimation
      $3,435,000
      204,463 SF

      2250 Indian Crk W Blvd

      HOMES (RETIRED, NURSING) • 204,463 SF
      2250 Indian Crk W Blvd, Vero Beach, FL 32966-1331
      View Details
    • Value Estimation
      $4,820,000
      429,136 SF

      2250 Indian Crk W Blvd

      HOMES (RETIRED, NURSING) • 429,136 SF
      2250 Indian Crk W Blvd, Vero Beach, FL 32966-1331
      View Details
    • Value Estimation
      $1,510,000
      95,845 SF

      2440 Citrus Blossom Cir

      HOMES (RETIRED, NURSING) • 95,845 SF
      2440 Citrus Blossom Cir, Vero Beach, FL 32966-5148
      View Details

    Similar Nearby for Sale

    • $1,550,000
      4.99 Acres

      Vero Beach Office & Land Investment

      Prime SR 60 location, income producing!
      8525 20Th St, Vero Beach, FL 32966
      View Details
    • $800,000
      0.98 Acres

      Vero Beach Retail Pad - Ready to Build

      Prime QSR site, high traffic, vacant lot.
      7420 20Th St, Vero Beach, FL 32966
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    • $775,000
      2.63 Acres

      Vero Beach Multifamily Land

      Prime 2.63-acre site, 15 units possible.
      7775 20Th St, Vero Beach, FL 32966
      View Details
    • $625,000
      5.00 Acres

      Vero Beach Land with Stables

      5 acres near Indian River Mall with horse stables.
      6821 33Rd St, Vero Beach, FL 32966
      View Details
    • $35,000
      0.18 Acres

      Vero Beach Homesite Opportunity

      Prime homesite in up-and-coming Vero Beach area, no HOA.
      9430 24Th St, Vero Beach, FL 32966
      View Details
    • Contact for pricing
      0.16 Acres

      Vero Beach Single Family Home

      Single family home near shopping and dining in Vero Beach.
      9650 24Th St, Vero Beach, FL 32966
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr

      Class A Medical/Office Building

      Well-maintained building suitable for medical or office tenants.
      1960 Pointe West Dr, Vero Beach, FL 32966
      View Details
    • $18 SF/Yr
      14,326 SF

      Vero Beach Office Space For Lease

      4,990 SF Office, Prime Vero Beach Location
      1991 74Th Ave, Vero Beach, FL 32966
      View Details
    • $18 SF/Yr
      1,160 SF

      West Vero Executive Office Condo

      1,160 SF Office Condo for Lease
      9015 Americana Rd, Vero Beach, FL 32966
      View Details
    • $14 SF/Yr

      Retail Space Near Walmart

      Retail space available on State Road 60, renovated in 2017.
      4435 20Th St, Vero Beach, FL 32966
      View Details
    • 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
    • $18 SF/Yr
      6,302 SF

      Vero Beach Retail Space Available

      Prime Vero Beach retail, two units available.
      6480 20Th St, Vero Beach, FL 32966
      View Details
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    5855 20th St
    Vero Beach, FL 32966-1020
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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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