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Property profile & analytics
FOR LEASE
Retail space
6480 20Th St 104-106 Vero Beach, FL 32966
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4841642
For Lease
1 / 5
$18 SF/Yr
6480 20Th St,Unit 104-106, Vero Beach, FL 32966
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Property summary
AI-generated overview
This exceptional retail opportunity in Vero Beach, Florida, presents two available spaces totaling 6,302 square feet within a thriving commercial center. Located at 6480 20th St, 32966, this property boasts a highly visible location on Route 60, enjoying approximately 32,000 vehicles per day. The site is zoned CG (General Commercial) and benefits from ample parking (approximately 70 spaces, or 5.5 per 1,000 square feet), including employee parking in the rear with direct customer access. Building and monument signage opportunities are available. Unit 103 offers 1,552 square feet with two restrooms, including a new ADA-compliant restroom. Unit 104-106 comprises 4,750 square feet and includes three restrooms. Both units feature impact windows and storefronts. Previously approved for assembly use, these spaces are ideally suited for a variety of retail businesses. Utilities include county water, sewer, and FPL electricity. The lease rate is $18.00 per square foot per year, NNN plus sales tax. This centrally located property is surrounded by a dense residential area, ensuring a strong customer base.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,960 SF
Lot
1.33 ac (57,935 SF)
Zoning code
CG
APN
33-39-05-00009-0000-00010.0
UPID
US18-4841642
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
-
Vocational Rehabilitation State Government Office
-
Followers Of The Way Church
-
New Season Treatment Center - Vero Beach Medical Clinic
-
123 Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Double Diamond - Hot Spot Social club Arcade & Gaming Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$2.19M
Owner & transaction history
Cancala Associates LLC · 9 yrs held
Cancala Associates LLC
since 2017
7 recorded transactions
Zoning & alternative use
CG · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.1M
+11.2%
Auto repair, garage
$2.8M
+0.6%
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%
$2,075,000
6.5%
$1,915,000
7%
$1,780,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,795,000
Current use
MEDICAL BUILDING
$3,105,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,810,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$2,700,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,435,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±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
$169 / 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
$31,076
Tax year 2023
Assessed value
$1,962,349
Assessed 2023
Previous assessed
$1,959,730
+0.1% YoY
Effective rate
1.58%
On assessed value
Assessed land
$393,958
Assessed improvement
$1,568,391
Land market value
$393,958
Improvement market value
$1,568,391
Total market value
$1,962,349
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
6
Total area
12,960 SF
Lot
1.33 ac (57,935 SF)
Zoning code
CG
APN
33-39-05-00009-0000-00010.0
UPID
US18-4841642
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CG · Vero Beach, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
6
Lot
1.33 ac
Current owner
From public records · entity-resolved
Cancala Associates LLC
Entity
Mailing address
2642 FAWNLAKE TRL, ORLANDO, FL 32828-7842
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2017
$2,920,000
Cancala Associates LLC
Greeley Retail Partners LLC
Grant Deed
$2,044,000 · Center St Bk/fl NA
Mar 13, 2017
—
Ezra Ripple
Cancala Associates LLC
Affidavit Of Death
related
—
May 18, 2016
—
Greeley Retail Partners LLC
—
Deed
related
$1,200,000 · Centerstate Bk/fl
Oct 8, 2013
$2,425,000
Greeley Retail Partners LLC
Irm Milan Investments INC
Grant Deed
$775,000 · Irm Milan Investments INC
Jan 25, 2008
—
Irm Milan Investments INC
Milesic,erika
Quit Claim Deed
related
$600,000 · Riverside National Bank
Oct 17, 2005
—
Irm Milan Investments INC
Milesic,erika Trust
Warranty Deed
related
—
May 3, 2005
—
Milesic Erika Trust
Ssi Properties INC
Grant Deed
related
—
—
—
Irm Milan Investments INC
—
Deed Of Trust
related
$534,433 · Northern Trust Co
—
—
Greeley Retail Partners LLC
—
Deed Of Trust
related
$1,200,000 · Centerstate Bk/fl
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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