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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Industrial properties
770 8th Ct 1, Vero Beach, FL 32962-1863
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-5521493
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Construction
STEEL FRAME
Total area
10,200 SF
Lot
0.89 ac (38,768 SF)
Zoning code
IL
APN
33-39-13-00026-0000-00002.0
UPID
US18-5521493
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
-
Carpet & Tile Warehouse Carpet & Flooring Store
-
J and J ERS Water Restoration Carpet Cleaning Service Water Damage Restoration Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$943k
Blend (final)
Blend
$850k
Owner & transaction history
Vd Vero LLC
Vd Vero LLC
since 2025
7 recorded transactions
Zoning & alternative use
IL · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,270,000
Current use
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
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
$83 / 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
$6,992
Tax year 2023
Assessed value
$324,914
Assessed 2023
Previous assessed
$329,502
-1.4% YoY
Effective rate
2.15%
On assessed value
Assessed land
$66,164
Assessed improvement
$258,750
Land market value
$66,164
Improvement market value
$258,750
Total market value
$324,914
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
6
Total area
10,200 SF
Lot
0.89 ac (38,768 SF)
Zoning code
IL
APN
33-39-13-00026-0000-00002.0
UPID
US18-5521493
Jurisdiction
INDIAN RIVER
Zoning & alternative use
IL · Vero Beach, FL
Zoning IL · permitted uses
IL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
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
1991
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
6
Lot
0.89 ac
Current owner
From public records · entity-resolved
Vd Vero LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1108 KANE CONCOURSE STE #108, BAY HARBOR ISLANDS, FL 33154-2068
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
Vd Vero LLC
Infinity Vero Industrial LLC
Deed
related
—
Jul 10, 2025
$23,300,000
Vd Vero LLC
Infinity Vero Industrial LLC
Special Warranty Deed
$69,600,000 · City National Bank Of Florida
Mar 19, 2020
—
Glendale Trade Center INC
—
Deed
related
$2,000,000 · Marine Bk
Aug 15, 2019
—
Glendale Trade Center INC
—
Loan Modification
related
$1,500,000 · Marine Bk
Aug 2, 2017
—
Glendale Trade Center INC
—
Deed
related
—
—
—
Glendale Trade Center INC
—
Loan Modification
related
$1,651,679 · Marine Bank & Trust Co
—
—
Glendale Trade Center INC
—
Deed Of Trust
related
$1,000,000 · Marine Bank & Trust Co
—
—
Glendale Trade Center INC
—
Loan Modification
related
$2,000,000 · Marine Bk
—
—
Glendale Trade Center INC
—
Loan Modification
related
—
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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