Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    750 16th St Vero Beach, FL 32960-5549

    • Warehouses
    • 48,075 SF
    • 2.94 lot acres
    OFF-MARKET
    Last Sale
    Sep 27, 2024
    $850,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4039189
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mini U Storage / Self-Storage Facility / Storage Facility
    • Vero Beach / Store

    Property Details for 750 16th St

    Year built
    2007
    Construction
    METAL FRAME
    Lot size
    2.94 lot acres
    Property size
    48,075 SF
    Zone code
    CG
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    33-39-01-00027-0020-00005.3
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3878
    Latitude
    27.6312
    CBSA code
    42680
    CBSA name
    SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,415
    $544,281
    $1,602,365
    $2,146,646
    -
    $544,281
    $1,602,365
    $2,146,646

    Comparable in this City

    • Value Estimation
      $140,000
      5,580 SF

      925 13th Ln

      MINI-WAREHOUSE, STORAGE • 5,580 SF
      925 13th Ln, Vero Beach, FL 32960-5717
      View Details
    • Value Estimation
      $590,000
      2,828 SF

      1827 Lemon Ave

      MINI-WAREHOUSE, STORAGE • 2,828 SF
      1827 Lemon Ave, Vero Beach, FL 32960-5565
      View Details
    • Value Estimation
      $320,000
      10,982 SF

      3100 Aviation Blvd

      MINI-WAREHOUSE, STORAGE • 10,982 SF
      3100 Aviation Blvd, Vero Beach, FL 32960
      View Details
    • Value Estimation
      $320,000
      3,850 SF

      1784 Old Dixie Hwy

      MINI-WAREHOUSE, STORAGE • 3,850 SF
      1784 Old Dixie Hwy, Vero Beach, FL 32960-0411
      View Details
    • Value Estimation
      $305,000
      10,536 SF

      1160 Old Dixie Hwy

      MINI-WAREHOUSE, STORAGE • 10,536 SF
      1160 Old Dixie Hwy, Vero Beach, FL 32960-4369
      View Details
    • Value Estimation
      $2,330,000
      10,425 SF

      Old Dixie Hwy

      MINI-WAREHOUSE, STORAGE • 10,425 SF
      Old Dixie Hwy, Vero Beach, FL 32960
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Industrial Building on 2.2 Acres

      Industrial building on 2.2 acres, zoned for general industrial.
      926 Old Dixie Hwy, Vero Beach, FL 32960
      View Details
    • $360,000

      Warehouse/Industrial Condo For Sale

      Single-story warehouse/industrial condo with storage and office space.
      4005 43Rd Ave, Vero Beach, FL 32960
      View Details
    • $999,999

      Manufacturing Building in Downtown Vero

      Manufacturing building with air-conditioned shop space in downtown Vero Beach.
      1245 16Th St, Vero Beach, FL 32960
      View Details
    • $1,500,000

      Retail/Manufacturing Building with Loading Dock

      Two-story building with loading dock and parking.
      760 15Th Pl, Vero Beach, FL 32960
      View Details
    • $3,000,000

      US-1 Frontage Industrial Property

      Industrial property with retail area, workshop, and oversized bays.
      3638 Us Highway 1, Vero Beach, FL 32960
      View Details
    • $3,000,000
      7,783 SF

      World Class Academy

      Preschool for sale
      Vero Beach, FL 32960
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr

      Downtown Industrial Property For Rent

      Industrial property with excellent access and updated features available for rent.
      1100 17Th St, Vero Beach, FL 32960
      View Details
    • $12 SF/Yr

      Downtown Industrial Warehouse For Rent

      Industrial warehouse space with road access in downtown Vero Beach.
      1101 18Th Pl, Vero Beach, FL 32960
      View Details
    • $21 SF/Yr

      Vero Beach Climate Controlled Storage

      Newly renovated climate-controlled storage units in central Vero Beach.
      1872 Commerce Ave, Vero Beach, FL 32960
      View Details
    • $12 SF/Yr

      Vero Beach Flex Space

      Flex space centrally located in Vero Beach available for rent.
      1031 18Th St, Vero Beach, FL 32960
      View Details
    • Contact for pricing
      133,779 SF

      Vero Beach Retail Plaza Investment

      Prime Vero Beach Retail Space Available
      401-575 21St St, Vero Beach, FL 32960
      View Details
    • Contact for pricing
      23,522 SF

      Downtown Vero Beach Land Opportunity

      Prime Vero Beach land, 0.54 acres, high traffic.
      1865 Old Dixie Hwy, Vero Beach, FL 32960
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    750 16th St
    Vero Beach, FL 32960-5549
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.