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Property profile & analytics
OFF-MARKET
Estimated value
$5,825,000
Retail space
703 17th St Vero Beach, FL 32960-6219
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-9188929
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,975 SF
Lot
2.5 ac (108,900 SF)
Zoning code
C-1
APN
33-39-01-00027-0020-00005.1
UPID
US18-9188929
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
-
The Cloudwalker Place Training Center Sports School
-
OsteoStrong Vero East Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.69M
CAP Approach
CAP
$3.55M
Comparable Approach
Comparable
$5.20M
Blend (final)
Blend
$5.83M
Owner & transaction history
Shops Of Vero Beach LLC · 3 yrs held
Shops Of Vero Beach LLC
since 2022
Last sale
$5.5M
4 recorded transactions
Zoning & alternative use
C-1 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.6M
+28.8%
Auto repair, garage
$5.2M
+19.2%
Office building
$4.4M
+0.5%
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
$6,250,000
ML approach
$6,685,000
CAP Approach
CAP Return
Estimation
6%
$3,840,000
6.5%
$3,545,000
7%
$3,290,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,365,000
Current use
MEDICAL BUILDING
$5,620,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,200,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$4,390,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,145,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,520,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.83M
Range $5.24M – $6.41M · ±10% · vs last sale $5.50M (Oct 31 2022)
Last sale anchor
$5.50M
Oct 31 2022
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
$243 / 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
$41,546
Tax year 2023
Assessed value
$2,221,814
Assessed 2023
Previous assessed
$2,226,419
-0.2% YoY
Effective rate
1.87%
On assessed value
Assessed land
$740,520
Assessed improvement
$1,481,294
Land market value
$740,520
Improvement market value
$1,481,294
Total market value
$2,221,814
Applied tax rate
8.0000
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
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
8
Total area
23,975 SF
Lot
2.5 ac (108,900 SF)
Zoning code
C-1
APN
33-39-01-00027-0020-00005.1
UPID
US18-9188929
Jurisdiction
INDIAN RIVER
Zoning & alternative use
C-1 · Vero Beach, FL
Zoning C-1 · permitted uses
C-1 · 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
$4.4M
MEDICAL BUILDING
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.5M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
8
Lot
2.5 ac
Current owner
From public records · entity-resolved
Shops Of Vero Beach LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2069 E 2ND ST, BROOKLYN, NY 11223-4028
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$5,500,000
Shops Of Vero Beach LLC
703 725 17th Street LLC
Special Warranty Deed
—
Mar 25, 2008
$4,000,000
703-725 17th Street LLC
Diamond Tropic Realty INC
Warranty Deed
—
Oct 30, 2002
$1,850,000
Diamond Tropic Realty INC
Tweedy,jeffrey C Tr
Grant Deed
$4,600,000 · Public Bank
—
—
703-725 17th Street LLC
—
Loan Modification
related
$3,641,000 · Intervest National Bank
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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