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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Office buildings
7400 Us Hwy 1st 1 Vero Beach, FL 32967-6911
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0222359
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,600 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CL
APN
32-39-03-00000-3000-00022.0
UPID
US18-0222359
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
$1.44M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.25M
Owner & transaction history
Catalina Strategic Group LLC · 3 yrs held
Catalina Strategic Group LLC
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
CL · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+15.1%
Auto repair, garage
$1.4M
+4.1%
Retail stores
$1.4M
+3.5%
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
$1,440,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,375,000
Current use
MEDICAL BUILDING
$1,580,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,430,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$1,425,000
Change: +3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,240,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.20M (Nov 3 2022)
Last sale anchor
$1.20M
Nov 3 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
$189 / 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
$9,213
Tax year 2023
Assessed value
$601,371
Assessed 2023
Previous assessed
$533,612
+12.7% YoY
Effective rate
1.53%
On assessed value
Assessed land
$74,800
Assessed improvement
$526,571
Land market value
$74,800
Improvement market value
$526,571
Total market value
$601,371
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
4
Total area
6,600 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CL
APN
32-39-03-00000-3000-00022.0
UPID
US18-0222359
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CL · Vero Beach, FL
Zoning CL · permitted uses
CL · 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
OFFICE BUILDING Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
4
Lot
1.01 ac
Current owner
From public records · entity-resolved
Catalina Strategic Group LLC
Entity
Mailing address
130 E 29TH CT, RIVIERA BEACH, FL 33404-2310
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
Nov 3, 2022
$1,200,000
Catalina Strategic Group LLC
Matthew Gilbert
Warranty Deed
$2,673,000 · Colony Bank
Apr 23, 2020
$660,000
Matthew Gilbert
7400 Us 1 LLC
Warranty Deed
$528,000 · Centerstate Bank NA
Jan 8, 2010
$525,000
7400 Us Highway 1 LLC
Katie Properties LLC
Warranty Deed
—
May 1, 2003
$630,000
Katie Properties LLC
River One International Market
Grant Deed
—
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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