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Property profile & analytics
OFF-MARKET
Estimated value
$10,930,000
Motels
611 20th Pl Vero Beach, FL 32960-5443
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-7244952
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2015
Construction
CONCRETE
Total area
61,731 SF
Lot
2.46 ac (107,158 SF)
Zoning code
C-1
APN
33-39-01-00006-0010-00001.0
UPID
US18-7244952
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
-
611 20th Pl Parking Parking Lot & Garage
-
Hampton Inn & Suites Vero Beach Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.17M
Blend (final)
Blend
$10.93M
Owner & transaction history
Veromar Properties LLC · 12 yrs held
Veromar Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
C-1 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nation of interpretation of this table. 2. Abbreviations: P = Permitted by Right C = Allowed with a Conditional Use Permit Blank = Use not allowed Allowed uses Commercial Districts: Use s Types B-1 B-2 B-3 B-4 C-1A C-1B C-1 Use Specific Standards Residential Uses - Dwellings Dwellings, live/work unit P Standards in Sec. 67.02(c) apply Dwellings, multiple-fam…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
121.34 ac
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.93M
Range $9.84M – $12.02M · ±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
$177 / 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
$57,185
Tax year 2023
Assessed value
$3,505,651
Assessed 2023
Previous assessed
$3,492,856
+0.4% YoY
Effective rate
1.63%
On assessed value
Assessed land
$646,444
Assessed improvement
$2,859,207
Land market value
$646,444
Improvement market value
$2,859,207
Total market value
$3,505,651
Applied tax rate
8.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2015
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Units
90
Total area
61,731 SF
Lot
2.46 ac (107,158 SF)
Zoning code
C-1
APN
33-39-01-00006-0010-00001.0
UPID
US18-7244952
Jurisdiction
INDIAN RIVER
Zoning & alternative use
C-1 · Vero Beach, FLZoning C-1 · permitted uses
C-1 · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
nation of interpretation of this table. 2. Abbreviations: P = Permitted by Right C = Allowed with a Conditional Use Permit Blank = Use not allowed Allowed uses Commercial Districts: Use s Types B-1 B-2 B-3 B-4 C-1A C-1B C-1 Use Specific Standards Residential Uses - Dwellings Dwellings, live/work unit P Standards in Sec. 67.02(c) apply Dwellings, multiple-family P P P P P Standards in Sec. 67.02(d) apply Dwellings, single-family attached P
Zone name
General Commercial
General category
COMMERCIAL
Zone area
121.34 ac
Building & site characteristics
From public records
Year built
2015
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Units
90
Lot
2.46 ac
Current owner
From public records · entity-resolved
Veromar Properties LLC
Entity
Mailing address
1575 INDIAN RIV BLVD STE C240, VERO BEACH, FL 32960-7132
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2019
—
Vbh Miracle Mile LLC
—
Loan Modification
related
$7,760,041 · Wesbanco Bk
Jun 16, 2014
—
Vbh Miracle Mile LLC
—
Loan Modification
related
$8,500,000 · Wesbanco Bk
Nov 12, 2013
—
Veromar Properties LLC
Kite Miracle Mile LLC
Quit Claim Deed
related
—
Nov 12, 2013
$1,425,200
His Miracle Mile LLC
Kite Miracle Mile LLC
Special Warranty Deed
$8,000,000 · Wesbanco Bank INC
Dec 31, 2008
$1,638,000
Veromar Properties LLC
Kite Miracle Mile LLC
Grant Deed
—
Jul 27, 2006
—
Kite Miracle Mile LLC
Kite Properties LLC
Quit Claim Deed
—
Jul 27, 2006
$575,000
Lichtenberg LLC
Kite Miracle Mile LLC
Grant Deed
—
Dec 31, 2004
$237,500
Kite Properties LLC
Beans,warren R
Warranty Deed
$140,000 · Northern Tr Bk/fl
Aug 28, 2003
$3,400,000
Kite Properties LLC
Kimley Horn & Associates INC
Grant Deed
$2,380,000 · Northern Trust Bank Of Florida
Oct 6, 1999
$1,533,000
Kimley-horn & Associates INC
Jacksonville Tower Assoc LLC
Grant Deed
$1,533,000 · First Union National Bank
—
—
Kite Miracle Mile LLC
—
Deed Of Trust
related
$900,000 · Marine Bank & Trust Co
—
—
Kite Miracle Mile LLC
—
Loan Modification, Consolidation And Extension
related
$820,239 · Marine Bk
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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