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

    5990 5th SW St Vero Beach, FL 32968-9659

    • Day care centers
    • 6,077 SF
    • 4.97 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2022
    $750,000
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6068552
    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

    • Maitland Farm Preschool / Preschool

    Property Details for 5990 5th SW St

    Year built
    1984
    Construction
    WOOD
    Lot size
    4.97 lot acres
    Property size
    6,077 SF
    Zone code
    A-1
    Property type
    Day care centers
    APN
    33-39-20-00001-0080-00003.0
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $900,000
      ML approach
      $865,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $681,000
      Market price range: $410k - $900k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $635,000
      Current use
      COMMERCIAL (GENERAL)
      $1,495,000
      Change: +135% Conversion: Difficult
      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

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4505
    Latitude
    27.5958
    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
    $10,217
    $190,103
    $341,436
    $531,539
    -
    $190,103
    $341,436
    $531,539

    Comparable in this City

    • Value Estimation
      $290,000
      2,448 SF

      935 36th SW Ct

      VETERINARY, ANIMAL HOSPITAL • 2,448 SF
      935 36th SW Ct, Vero Beach, FL 32968-4953
      View Details
    • Value Estimation
      $365,000
      12,090 SF

      226 43rd Ave

      CHARITABLE ORGANIZATION • 12,090 SF
      226 43rd Ave, Vero Beach, FL 32968-1801
      View Details
    • Value Estimation
      $850,000
      2,125 SF

      4291 5th SW Pl

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,125 SF
      4291 5th SW Pl, Vero Beach, FL 32968-3932
      View Details
    • Value Estimation by Request
      2,068 SF

      2375 29th SW Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,068 SF
      2375 29th SW Ave, Vero Beach, FL 32968-7826
      View Details
    • Value Estimation by Request
      4.78 Acres

      3855 9th SW St

      VACANT COMMERCIAL LAND • 4.78 Acres
      3855 9th SW St, Vero Beach, FL 32968-4902
      View Details
    • Value Estimation by Request
      89,003 SF

      7625 17th SW St

      OFFICE BUILDING • 89,003 SF
      7625 17th SW St, Vero Beach, FL 32968-9405
      View Details

    Similar Nearby for Sale

    • $3,400,000
      38.22 Acres

      Prime Agricultural Land Near I-95

      40+/- acres of agricultural land near new I-95 interchange.
      495 66Th Ave SW, Vero Beach, FL 32968
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    • New
      $450,000
      Pending

      Vero Beach Pastureland for Sale

      96+ acres of pastureland in Vero Beach, Florida.
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    • $5,000,000
      160.00 Acres

      Vero Beach Aqua Farm Opportunity

      160-acre aqua farm with warehouses in an opportunity zone.
      750 154Th Ave, Vero Beach, FL 32968
      View Details
    • $399,000

      Vero Beach Commercial Land - $399K

      18.39 Acres, Spring-Fed Lake, Buildable Land
      7735 21St St, Vero Beach, FL 32968
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    • Contact for pricing

      Vero Beach Warehouse with Docks

      14,000 SF warehouse with loading docks and ample parking.
      925 SW 74Th Ave SW, Vero Beach, FL 32968
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    • $449,000

      Vero Beach 5-Acre Lot

      5-acre lot in Vero Beach's gated community, ready for building.
      8130 White Fences Ln, Vero Beach, FL 32968
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    Similar Nearby for Lease

    • Contact for pricing
      71,790 SF

      Vero Beach Retail Space Available

      High-traffic retail center, two suites available.
      4125 9Th St, Vero Beach, FL 32968
      View Details
    • $15 SF/Yr

      Vero Beach Flex Space Available

      Flex space with office, bay doors, and high ceilings.
      856 33Rd Ct SW, Vero Beach, FL 32968
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Vero Beach

      Retail space available in a Publix and CVS anchored center.
      4125-4165 9Th St SW, Vero Beach, FL 32968
      View Details
    • $14 SF/Yr

      Vero Beach Flex Space Available

      Flex space with office, warehouse, and heavy commercial zoning.
      815 33Rd Ct SW, Vero Beach, FL 32968
      View Details
    • $3,461 /Mo
      1,750 SF

      Retail Space in Dixie Plaza

      Retail space for lease in a high-traffic plaza.
      2950 9Th St SW, Vero Beach, FL 32968
      View Details
    • $15 SF/Yr

      Vero Beach Flex Space Available

      Flex space with high ceilings and convenient highway access.
      863 33Rd Ct SW, Vero Beach, FL 32968
      View Details
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    Vero Beach, FL 32968-9659
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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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