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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Specialty properties
7900 12th St Vero Beach, FL 32966-8713
Entity Owned
3-yr Hold
Property ID
US19-0507106
Property profile
Verified
Property type
Specialty properties
Use group
KENNEL
Year built
1979
Construction
STEEL FRAME
Total area
11,837 SF
Lot
5.43 ac (236,531 SF)
Zoning code
A-1
APN
33-38-12-00001-0060-00001.2
UPID
US19-0507106
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
-
Pawprints of Vero Beach Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.02M
Owner & transaction history
Nanational Rretail Properties LP · 3 yrs held
Nanational Rretail Properties LP
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
A-1 · 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
$2,040,000
ML approach
$1,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,915,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,915,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,775,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,515,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,500,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,430,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±10% · vs last sale $2.00M (Feb 17 2023)
Last sale anchor
$2.00M
Feb 17 2023
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
$170 / 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
$13,539
Tax year 2023
Assessed value
$976,904
Assessed 2023
Previous assessed
$947,363
+3.1% YoY
Effective rate
1.39%
On assessed value
Assessed land
$230,775
Assessed improvement
$746,129
Land market value
$230,775
Improvement market value
$746,129
Total market value
$976,904
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
Specialty properties
Use group
KENNEL
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
1
Rooms
8
Bathrooms
2
Total area
11,837 SF
Lot
5.43 ac (236,531 SF)
Zoning code
A-1
APN
33-38-12-00001-0060-00001.2
UPID
US19-0507106
Jurisdiction
INDIAN RIVER
Zoning & alternative use
A-1 · Vero Beach, FL
Zoning A-1 · permitted uses
A-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
COMMERCIAL (GENERAL)
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
8
Bathrooms
2
Lot
5.43 ac
Current owner
From public records · entity-resolved
Nanational Rretail Properties LP
Entity
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
$2,000,000
Nanational Rretail Properties LP
Sean Verne
Special Warranty Deed
—
Nov 20, 2020
—
Sean Verne
—
Deed
related
$630,000 · Seacoast National Bank
Mar 18, 2005
$450,000
Sean Verne
Bruce A Cannon
Warranty Deed
$360,000 · First Natl Bk & Tr Co Of Treasure C
Feb 18, 2004
$265,000
Bruce A Cannon
Cudney,larry W
Grant Deed
$160,000 · Evergreen Mortgage Corp
—
—
Larry W Cudney
—
Deed Of Trust
related
$184,800 · Riverside National Bank Fl
—
—
Sean Verne
—
Deed Of Trust
related
$372,000 · Seacoast National Bank
—
—
Bruce A Cannon
—
Deed Of Trust
related
$238,500 · Union Planters National Bank
—
—
Larry W Cudney
—
Deed Of Trust
related
$52,000 · Riverside 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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