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Property profile & analytics
FOR SALE
Warehouses
750 154th Ave, Vero Beach, FL 32968
Entity Owned
Free & Clear
Property ID
US18-7359391
For Sale
1 / 3
$10,000,000
750 154th Ave, Vero Beach, FL 32968
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
37,004 SF
Lot
312.21 ac (13,599,868 SF)
Zoning code
A-2
APN
33-37-15-00000-3000-00001.0
UPID
US18-7359391
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
$4.62M
CAP Approach
CAP
$5.92M
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$4.51M
Owner & transaction history
Epic Estates 12 Vero Beach LLC
Epic Estates 12 Vero Beach LLC
since 2025
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
A-2 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.0M
+28.2%
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
$5,040,000
ML approach
$4,620,000
CAP Approach
CAP Return
Estimation
6%
$6,410,000
6.5%
$5,915,000
7%
$5,490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,430,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,960,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$4.51M
Range $4.06M – $4.96M · ±10% · vs last sale $4.52M (Aug 1 2025)
Last sale anchor
$4.52M
Aug 1 2025
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
$122 / 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
$93,541
Tax year 2023
Assessed value
$3,011,057
Assessed 2023
Previous assessed
$1,268,413
+137.4% YoY
Effective rate
3.11%
On assessed value
Assessed land
$2,123,028
Assessed improvement
$888,029
Land market value
$2,123,028
Improvement market value
$888,029
Total market value
$3,011,057
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
2019
Heating
NONE
Buildings
2
Units
4
Total area
37,004 SF
Lot
312.21 ac (13,599,868 SF)
Zoning code
A-2
APN
33-37-15-00000-3000-00001.0
UPID
US18-7359391
Jurisdiction
INDIAN RIVER
Zoning & alternative use
A-2 · Vero Beach, FL
Zoning A-2 · permitted uses
A-2 · 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
WAREHOUSE, STORAGE Current
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.0M
WAREHOUSE, STORAGE Current
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
2019
Heating
NONE
Buildings
2
Units
4
Lot
312.21 ac
Current owner
From public records · entity-resolved
Epic Estates 12 Vero Beach LLC
Entity
Free & Clear · 0 yrs held
Mailing address
700 UNIVERSE BLVD, JUNO BEACH, FL 33408-2657
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2025
$4,522,000
Epic Estates 12 Vero Beach LLC
Florida Power & Light Company
Special Warranty Deed
—
Dec 14, 2022
$4,199,000
Florida Power & Light Company
Southeast Groves LLC
Special Warranty Deed
—
Oct 31, 2016
$2,745,500
Southeast Groves LLC
Me & Yu Too LLC
Grant Deed
—
Apr 4, 2007
—
Belcher Margaret Trust
Belcher,e N
Quit Claim Deed
related
—
Jun 24, 2005
$9,500,000
Me & Yu Too LLC
Conoley,e B II
Warranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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