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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Residential income homes
607 9th Ct Vero Beach, FL 32962-1500
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5265547
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2001
Construction
CONCRETE BLOCKS
Total area
3,748 SF
Lot
0.56 ac (24,394 SF)
Zoning code
RM-6
APN
33-39-13-00013-0000-00016.0
UPID
US18-5265547
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$350k
Blend (final)
Blend
$520k
Owner & transaction history
Heights Acquisition L Colonial · 13 yrs held
Heights Acquisition L Colonial
since 2013
4 recorded transactions
Zoning & alternative use
RM-6 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+15.4%
Retail stores
$810,000
+14.7%
Office building
$780,000
+10.8%
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
$330,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$620,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$705,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$810,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$780,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$139 / 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
$5,313
Tax year 2023
Assessed value
$487,343
Assessed 2023
Previous assessed
$487,343
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$55,982
Assessed improvement
$431,361
Land market value
$55,982
Improvement market value
$431,361
Total market value
$487,343
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2001
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
3
Bathrooms
2
Total area
3,748 SF
Lot
0.56 ac (24,394 SF)
Zoning code
RM-6
APN
33-39-13-00013-0000-00016.0
UPID
US18-5265547
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RM-6 · Vero Beach, FL
Zoning RM-6 · permitted uses
RM-6 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$815,000
RETAIL STORES
Est. value
$810,000
OFFICE BUILDING
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2001
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Bathrooms
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Heights Acquisition L Colonial
Individual
Free & Clear · 13 yrs held
Mailing address
151 RANDALL ST OAKVILLE ONTARIO CANADA 6TH XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2013
—
Heights Acquisition L Colonial
Sybils Colonial Heights Coc
Quit Claim Deed
related
—
Jul 13, 2011
—
Sybils Colonial Heights LLC
Sybil Investment Ptshp Ltd
Quit Claim Deed
related
—
Jul 5, 2006
—
Sybils Colonial Heights LLC
Sybil Investment Ptshp Ltd
Quit Claim Deed
—
—
—
Colonial Heights Acquisition L
—
Deed Of Trust
related
$3,000,000 · Cibc
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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