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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Day care centers
5990 5th SW St Vero Beach, FL 32968-9659
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-6068552
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1984
Construction
WOOD
Total area
6,077 SF
Lot
4.97 ac (216,493 SF)
Zoning code
A-1
APN
33-39-20-00001-0080-00003.0
UPID
US18-6068552
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
-
Maitland Farm Preschool High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$760k
Owner & transaction history
K&m Farm INC · 3 yrs held
K&m Farm INC
since 2022
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
A-1 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$985,000
+54.3%
Apartment house (5+ units)
$910,000
+43.2%
Restaurant
$775,000
+21.9%
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
$900,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$635,000
Current use
INDUSTRIAL (GENERAL)
$985,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$910,000
Change: +43% · Conversion: Difficult
RESTAURANT
$775,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$770,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$520,000
Change: -19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $750k (Oct 3 2022)
Last sale anchor
$750k
Oct 3 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
$125 / 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
$10,217
Tax year 2023
Assessed value
$531,539
Assessed 2023
Previous assessed
$493,084
+7.8% YoY
Effective rate
1.92%
On assessed value
Assessed land
$190,103
Assessed improvement
$341,436
Land market value
$190,103
Improvement market value
$341,436
Total market value
$531,539
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
6,077 SF
Lot
4.97 ac (216,493 SF)
Zoning code
A-1
APN
33-39-20-00001-0080-00003.0
UPID
US18-6068552
Jurisdiction
INDIAN RIVER
Zoning & alternative use
A-1 · Vero Beach, FLZoning A-1 · permitted uses
A-1 · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$635,000
INDUSTRIAL (GENERAL)
Est. value
$985,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$910,000
RESTAURANT
Est. value
$775,000
MEDICAL BUILDING
Est. value
$770,000
RETAIL STORES
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$520,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1984
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
4.97 ac
Current owner
From public records · entity-resolved
K&m Farm INC
Entity
Mailing address
5990 5TH ST SW, VERO BEACH, FL 32968-9659
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
—
K&m Farm INC
—
Deed
related
$25,000 · Ithink Financial Cu
Oct 3, 2022
$750,000
K&m Farm INC
George A Kahle JR
Special Warranty Deed
$313,600 · Ithink Financial Cu
May 25, 2001
$2,500
Indian River County (fl)
Kahle,george A & Sandra R
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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