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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Super regional malls
6200 20th St, Vero Beach, FL 32966-1012
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1737754
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
408,898 SF
Lot
78.81 ac (3,432,964 SF)
Zoning code
CG
APN
33-39-05-00007-0000-00010.0
UPID
US18-1737754
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
-
Spencer's (Bike/Boat/Book/etc) Store
-
Flavaz Clothing Store
-
Dillard's Cosmetic Store
-
Scentsations Wax Pottery, Soaps & Candles Home Decor Store Department Store
-
Oceans Books Christian Gifts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$2.17M
Owner & transaction history
Dts Properties II LLC · 1 yrs held
Dts Properties II LLC
since 2024
7 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
by Request
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±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
$5 / 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
$231,077
Tax year 2023
Assessed value
$8,057,304
Assessed 2023
Previous assessed
$8,057,304
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$4,601,096
Assessed improvement
$3,456,208
Land market value
$4,601,096
Improvement market value
$3,456,208
Total market value
$8,057,304
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Total area
408,898 SF
Lot
78.81 ac (3,432,964 SF)
Zoning code
CG
APN
33-39-05-00007-0000-00010.0
UPID
US18-1737754
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.
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
78.81 ac
Current owner
From public records · entity-resolved
Dts Properties II LLC
Entity
Mailing address
1111 N PLZ DR STE #200, SCHAUMBURG, IL 60173-4996
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
$6,000,000
Dts Properties II LLC
Tf Vero Beach Fl LLC
Quitclaim Deed
related
$3,000,000 · Parkway Bank & Trust Co
Jun 6, 2024
—
Dts Properties II LLC
Indian River Mall Realty Holding Ll
Warranty Deed
—
May 16, 2024
$14,800,000
Dts Properties II LLC
Indian River Mall Realty Holding Ll
Special Warranty Deed
$9,450,000 · Parkway Bank & Trust Co
Sep 13, 2023
$4,750,000
Dts Properties LLC
Mrh Vero Beach LLC
Special Warranty Deed
—
Aug 3, 2022
—
Mrh Vero Beach LLC
—
Deed
related
$4,000,000 · Southeast Bank
Jan 15, 2021
—
Mrh Vero Beach LLC
Macys Retail Holdings LLC
Grant Deed
$8,750,000 · Aff III Box LLC
Dec 14, 2020
—
Penney Property Sub Holdings L
Jc Penney Corp INC
Quitclaim Deed
—
Apr 22, 2019
—
Tf Vero Beach Fl LLC
—
Deed
related
$800,000,000 · Hps Inv Ptrs LLC
Feb 27, 2019
$9,400,000
Tf Vero Beach Fl LLC
Sears Roebuck & Co
Quitclaim Deed
related
$325,000,000 · Jpp LLC
Feb 25, 2019
—
Indian Riv Mall Realty Holding
—
Deed
related
$7,500,000 · Kcp Indian River LLC
Oct 5, 2018
—
Sears Roebuck
—
Deed
related
$10,200 · Jpp LLC
Jun 7, 2018
—
Sears Roebuck & Co
—
Deed
related
$10,200,000 · Jpp LLC
Oct 11, 2017
—
Indian Riv Mall Realty Holding
Wells Fargo Bk NA 2005-1
Grant Deed
related
—
Jun 21, 2017
$12,100,000
Indian Riv Mall Realty Holdin
Wells Fargo Bk NA 2005-1
Grant Deed
—
May 5, 2017
—
Ber Real Est Investments I LLC
—
Deed
related
$200,000,000 · Wells Fargo Bk
Apr 7, 2017
—
Sears Roebuck
—
Deed
related
$3,225,000 · Citibank
Jan 18, 2017
—
Sears Roebuck & Co
—
Deed
related
$4,466,667 · Jpp LLC
May 27, 2015
—
Wells Fargo Bank NA 2005-1 Tr
Ir Mall Associates Ltd Coc
Trustees Deed
related
—
Oct 17, 2005
—
Irm Milan Investments INC
Milesic Erika Trust
Warranty Deed
related
—
Dec 21, 2004
$755,200
Ssi Properties INC
Ir Mall Associates Ltd
Grant Deed
—
Nov 2, 2004
—
Ir Mall Associates Ltd
—
Deed Of Trust
related
$75,000,000 · Bank Of America
—
—
Indian Riv Mall Realty Holding
—
Deed Of Trust
related
$7,500,000 · Kcp Indian River LLC
—
—
Indian River Mall LLC
—
Deed Of Trust
related
$22,244,112 · Bank Of America
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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