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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Specialty properties
700 3rd Cir Vero Beach, FL 32962-1819
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5347680
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
112,454 SF
Lot
10.02 ac (436,471 SF)
Zoning code
RM-10
APN
33-40-18-00006-0000-00001.0
UPID
US18-5347680
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
-
River Park Place Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
Sreit River Park Place LLC · 5 yrs held
Sreit River Park Place LLC
since 2020
2 recorded transactions
Zoning & alternative use
RM-10 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
These districts are designed to provide suitable areas for medium density residential development where sufficient urban services and facilities are provided or where the extension of such services and facilities will be physically and economically feasible. It is also the intent of this section to permit single family and two family structures as well as mu…
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
134.34 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$21 / 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
$16,842
Tax year 2023
Assessed value
$5,234,099
Assessed 2023
Previous assessed
$5,269,330
-0.7% YoY
Effective rate
0.32%
On assessed value
Assessed land
$425,850
Assessed improvement
$4,808,249
Land market value
$425,850
Improvement market value
$4,808,249
Total market value
$5,234,099
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
144
Total area
112,454 SF
Lot
10.02 ac (436,471 SF)
Zoning code
RM-10
APN
33-40-18-00006-0000-00001.0
UPID
US18-5347680
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RM-10 · Vero Beach, FLZoning RM-10 · permitted uses
RM-10 · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
These districts are designed to provide suitable areas for medium density residential development where sufficient urban services and facilities are provided or where the extension of such services and facilities will be physically and economically feasible. It is also the intent of this section to permit single family and two family structures as well as multiple family structures developed within a medium density range as defined in the text and provided a sufficient open space is preserved on the same lot
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
134.34 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
144
Lot
10.02 ac
Current owner
From public records · entity-resolved
Sreit River Park Place LLC
Entity
Mailing address
200 E BROWARD BLVD #1410, FT LAUDERDALE, FL 33301-1963
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2020
$79,384
Sreit River Park Place LLC
River Park Associates Limited
Grant Deed
related
$8,538,000 · Jll R/e Cap LLC
—
—
River Park Associates LP
—
Deed Of Trust
related
$5,255,300 · Private Individual
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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