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Property profile & analytics
OFF-MARKET
Estimated value
$17,025,000
Outlet malls
6140 20th St, Vero Beach, FL 32966-1023
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4115928
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
137,271 SF
Lot
11.09 ac (483,080 SF)
Zoning code
CG
APN
33-39-05-00008-0000-00001.0
UPID
US18-4115928
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
-
Michaels (Bike/Boat/Book/etc) Store
-
UPS Access Point location Courier Service Postal Service
-
Aaron Brothers (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.33M
CAP Approach
CAP
$20.29M
Comparable Approach
Comparable
$23.73M
Blend (final)
Blend
$17.03M
Owner & transaction history
Dts Properties III LLC · 4 yrs held
Dts Properties III LLC
since 2022
Last sale
$16.5M
3 recorded transactions
Zoning & alternative use
CG · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$19,795,000
ML approach
$11,330,000
CAP Approach
CAP Return
Estimation
6%
$21,980,000
6.5%
$20,290,000
7%
$18,840,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$25,810,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$17.03M
Range $15.32M – $18.73M · ±10% · vs last sale $16.50M (Feb 18 2022)
Last sale anchor
$16.50M
Feb 18 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
$124 / 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
$189,413
Tax year 2023
Assessed value
$10,760,934
Assessed 2023
Previous assessed
$10,726,487
+0.3% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,642,472
Assessed improvement
$9,118,462
Land market value
$1,642,472
Improvement market value
$9,118,462
Total market value
$10,760,934
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
3
Total area
137,271 SF
Lot
11.09 ac (483,080 SF)
Zoning code
CG
APN
33-39-05-00008-0000-00001.0
UPID
US18-4115928
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.8M
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
11.09 ac
Current owner
From public records · entity-resolved
Dts Properties III LLC
Entity
Mailing address
1111 N PLZ DR STE #200, SCHAUMBURG, IL 60173-4996
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
Feb 18, 2022
—
Dts Properties III LLC
Dts Properties LLC
Intrafamily Transfer
related
$13,400,000 · Vast Bank NA
Apr 26, 2016
$16,500,000
Dts Properties LLC
Wells Fargo Bank NA
Special Warranty Deed
$12,375,000 · Parkway Bank & Trust Co
May 27, 2015
—
Wells Fargo Bank NA 2005-1 Tr
Ir Mall Associates Ltd Coc
Trustees 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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