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Property profile & analytics
OFF-MARKET
Estimated value
$5,035,000
Outlet malls
6590 20th St, Vero Beach, FL 32966-1031
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US19-0465553
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,086 SF
Lot
3.78 ac (164,657 SF)
Zoning code
CG
APN
33-39-05-00009-0000-00001.0
UPID
US19-0465553
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
-
PetSmart (Bike/Boat/Book/etc) Store Pet Store & Service
-
Banfield Pet Hospital Veterinary Clinic
-
TagWorks (Bike/Boat/Book/etc) Store Pet Store & Service
-
PetSmart Grooming Pet Grooming Service
-
PetSmart Dog Training Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.91M
CAP Approach
CAP
$4.45M
Comparable Approach
Comparable
$4.84M
Blend (final)
Blend
$5.04M
Owner & transaction history
6590 Vero Beach LLC · 5 yrs held
6590 Vero Beach LLC
since 2020
Last sale
$5.3M
6 recorded transactions
Zoning & alternative use
CG · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.2M
+11.2%
Auto repair, garage
$6.5M
+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
$5,365,000
ML approach
$4,910,000
CAP Approach
CAP Return
Estimation
6%
$4,820,000
6.5%
$4,445,000
7%
$4,130,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,485,000
Current use
MEDICAL BUILDING
$7,215,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,525,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$6,270,000
Change: -3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,655,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$5.04M
Range $4.53M – $5.54M · ±10% · vs last sale $5.32M (Oct 15 2020)
Last sale anchor
$5.32M
Oct 15 2020
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
$167 / 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
$38,562
Tax year 2023
Assessed value
$2,195,549
Assessed 2023
Previous assessed
$2,187,096
+0.4% YoY
Effective rate
1.76%
On assessed value
Assessed land
$1,119,668
Assessed improvement
$1,075,881
Land market value
$1,119,668
Improvement market value
$1,075,881
Total market value
$2,195,549
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
Stories
1
Units
1
Total area
30,086 SF
Lot
3.78 ac (164,657 SF)
Zoning code
CG
APN
33-39-05-00009-0000-00001.0
UPID
US19-0465553
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
RETAIL STORES Current
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
3.78 ac
Current owner
From public records · entity-resolved
6590 Vero Beach LLC
Entity
Mailing address
421 7TH AVE FL, NEW YORK, NY 10001-2002
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2021
—
6590 Vero Beach LLC
—
Deed
related
$2,300,000 · Miscellaneous Ins Co
Oct 15, 2020
$37,226
6590 Vero Beach LLC
Petm Vero Beach LP
Grant Deed
$3,550,000 · Arnold Gumowitz
Jul 27, 2009
$4,335,000
Bac The Falls LP
Vno Tru 20th Street LLC
Special Warranty Deed
—
Oct 27, 2006
$4,277,000
Vno Tru 20th Street LLC
Toys R Us-delaware INC
Grant Deed
—
—
—
6590 Vero Beach LLC
—
Loan Modification
related
$2,300,000 · Miscellaneous Ins Co
—
—
Petm Vero Beach LP
—
Deed Of Trust
related
$2,795,000 · Symetra Life Insurance Co
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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