Entity Owned Property summary
AI-generated overview
This single-story, 5,150-square-foot warehouse building in Vero Beach, Florida, presents a compelling owner-user or investment opportunity. Located at 663 2nd Ln, this property sits on a 0.51-acre lot zoned CH (Heavy Commercial) in Indian River County. Built in 1986, the metal building features a metal truss and roof system, recently resealed with a 15-year warranty. The interior boasts 14-foot clear ceiling heights and is fully air-conditioned. The warehouse space, approximately 3,550 square feet, includes four 10x12 roll-up doors, offering flexibility for single or multi-tenant use. An additional approximately 1600 square feet is dedicated to office space. The warehouse also benefits from compressed air connections throughout and includes an air compressor. Three-phase power is available. Exterior amenities include concrete surface parking and a 40-foot on-site storage container. The property is currently vacant with an occupancy date of July 2, 2024, and is offered at $800,000 ($155.34/sq ft). The APN is 33391300015000000012.0. This versatile property offers significant potential for various commercial uses.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Construction
STEEL FRAME
Total area
5,150 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CH
APN
33-39-13-00015-0000-00012.0
UPID
US18-9433743
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Factory Industrial Manufacturer
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$280k
Owner & transaction history
since 2008
Last sale
$550,000
2 recorded transactions
Zoning & alternative use
CH · Vero Beach, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$280k
Value range
$252k – $308k
±10% around blend
Estimated value / SF
$54 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$252k
blend $280k
$308k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,150 SF
Lot area
0.51 ac
Year built
1986
Stories
1
APN
33-39-13-00015-0000-00012.0
Zoning
CH
Assessed value
$302,916
Annual tax
$4,873
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$814k
Range $432k – $1.09M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$280k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 57 sales
$147
-63%
County 64 sales
$127
-57%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $54/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$550k
Move the market yield to see immediate price impact.
Value / SF
$107
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$35k
$693k
$495k
$385k
$39k
$770k
$550k
$428k
$42k
$847k
$605k
$471k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,873
Tax year 2023
Assessed value
$302,916
Assessed 2023
Previous assessed
$285,759
+6.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$94,418
Assessed improvement
$208,498
Land market value
$94,418
Improvement market value
$208,498
Total market value
$302,916
Applied tax rate
7.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
4
Total area
5,150 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CH
APN
33-39-13-00015-0000-00012.0
UPID
US18-9433743
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CH · Vero Beach, FLZoning CH · permitted uses
CH · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
4
Lot
0.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CH
Jurisdiction
Vero Beach, FL
Recorded code
CH
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CH in Vero Beach, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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