Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Medical Office Space
660 Us Hwy 1st 1 Vero Beach, FL 32962-4507
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-4883304
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2019
Construction
CONCRETE
Total area
10,944 SF
Lot
1.29 ac (56,192 SF)
Zoning code
CG
APN
33-40-19-00000-5000-00010.0
UPID
US18-4883304
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$2.12M
Owner & transaction history
Lawnwood Medical Center INC · 7 yrs held
Lawnwood Medical Center INC
since 2018
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,470,000
6.5%
$2,280,000
7%
$2,115,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,625,000
Current use
AUTO REPAIR, GARAGE
$2,375,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$2,360,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$2,280,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±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
$193 / 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
$35,362
Tax year 2023
Assessed value
$2,414,971
Assessed 2023
Previous assessed
$2,402,700
+0.5% YoY
Effective rate
1.46%
On assessed value
Assessed land
$382,108
Assessed improvement
$2,032,863
Land market value
$382,108
Improvement market value
$2,032,863
Total market value
$2,414,971
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
10,944 SF
Lot
1.29 ac (56,192 SF)
Zoning code
CG
APN
33-40-19-00000-5000-00010.0
UPID
US18-4883304
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
MEDICAL BUILDING Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2019
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Lawnwood Medical Center INC
Entity
Free & Clear · 7 yrs held
Mailing address
1 PARK PLZ, NASHVILLE, TN 37203-6527
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2018
$1,290,000
Lawnwood Medical Center INC
Quilted Giraffe INC
Grant Deed
—
Aug 15, 2018
$700,000
Lawnwood Medical Center INC
Sexton Prop Of Vero Bch INC
Grant Deed
—
Aug 15, 2018
—
Lawnwood Medical Center INC
Sexton Prop Of Vero Bch INC
Quit Claim Deed
related
—
May 15, 2017
$450,000
Quilted Giraffe INC
Three Dogs & A Horse LLC
Warranty Deed
—
Mar 12, 2007
—
Three Dogs & A Horse LLC
Sexton,audrey G
Quit Claim Deed
related
—
—
—
Sexton Props Of Vero Bch INC
—
Deed Of Trust
related
$25,000 · Wachovia Bk
—
—
Sexton Properties Of Vero Bch INC
—
Deed Of Trust
related
$135,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 660 Us Hwy 1st 1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
