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Property profile & analytics
OFF-MARKET
Estimated value
$15,455,000
Outlet malls
5915 20th St, Vero Beach, FL 32966-4677
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4887136
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
104,703 SF
Lot
12.51 ac (544,936 SF)
Zoning code
CG
APN
33-39-05-00014-0000-00001.0
UPID
US18-4887136
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
Current use
Occupant on record · Public records
-
Marshalls & HomeGoods Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.48M
Comparable Approach
Comparable
$21.08M
Blend (final)
Blend
$15.46M
Owner & transaction history
417 Callowhill Of De LLC · 7 yrs held
417 Callowhill Of De LLC
since 2018
3 recorded transactions
Zoning & alternative use
CG · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.1M
+11.2%
Auto repair, garage
$22.7M
+0.6%
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%
$16,765,000
6.5%
$15,475,000
7%
$14,370,000
Alternative Use
Use
Estimation
RETAIL STORES
$22,575,000
Current use
MEDICAL BUILDING
$25,105,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,715,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$21,815,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$19,685,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$15.46M
Range $13.91M – $17.00M · ±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
$148 / 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
$163,382
Tax year 2023
Assessed value
$9,560,141
Assessed 2023
Previous assessed
$9,501,466
+0.6% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,852,781
Assessed improvement
$7,707,360
Land market value
$1,852,781
Improvement market value
$7,707,360
Total market value
$9,560,141
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
2
Total area
104,703 SF
Lot
12.51 ac (544,936 SF)
Zoning code
CG
APN
33-39-05-00014-0000-00001.0
UPID
US18-4887136
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CG · Vero Beach, FL
Zoning CG · permitted uses
CG · 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
RETAIL STORES Current
Est. value
$22.6M
MEDICAL BUILDING
Est. value
$25.1M
AUTO REPAIR, GARAGE
Est. value
$22.7M
OFFICE BUILDING
Est. value
$21.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.7M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Units
2
Lot
12.51 ac
Current owner
From public records · entity-resolved
417 Callowhill Of De LLC
Entity
Mailing address
PO BOX 5369, WAYLAND, MA 01778-6369
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2018
$16,970,000
417 Callowhill Of De LLC
Bre Ddr Br Century I Fl LLC
Grant Deed
—
Nov 7, 2014
$13,970,000
Bre Ddr Br Century 1 Fl LLC
Cole Mt Vero Beach Fl LLC
Grant Deed
$23,400,000 · Deutsche Bk NA #2012-gcj7 (ce)
Jun 15, 2011
—
Cole Mt Vero Beach Fl LLC
Crf-panther Ix LLC
Grant Deed
related
—
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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