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Property profile & analytics
OFF-MARKET
Turn key restaurants
8010 43rd Ave Vero Beach, FL 32967-5632
Individually Owned
5-yr Hold
Free & Clear
Property ID
US18-0438718
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2020
Construction
WOOD
Total area
2,448 SF
Lot
10.17 ac (443,005 SF)
Zoning code
RM-6
APN
31-39-34-00000-0030-00001.0
UPID
US18-0438718
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
-
Tree House Vero Beach Wedding Service
-
Riverside Docks LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sommers Family Land & Farm Ll · 5 yrs held
Sommers Family Land & Farm Ll
since 2020
Last sale
$200,000
3 recorded transactions
Zoning & alternative use
RM-6 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,917
Tax year 2023
Assessed value
$619,541
Assessed 2023
Previous assessed
$504,047
+22.9% YoY
Effective rate
0.96%
On assessed value
Land market value
$302,538
Improvement market value
$662,803
Total market value
$965,341
Applied tax rate
1.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
2,448 SF
Lot
10.17 ac (443,005 SF)
Zoning code
RM-6
APN
31-39-34-00000-0030-00001.0
UPID
US18-0438718
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RM-6 · Vero Beach, FLZoning RM-6 · permitted uses
RM-6 · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
6
Bathrooms
1
Lot
10.17 ac
Current owner
From public records · entity-resolved
Sommers Family Land & Farm Ll
Individual
Free & Clear · 5 yrs held
Mailing address
956 BEACHCOMBER LN, VERO BEACH, FL 32963-3401
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2020
—
Sommers Family Land & Farm Ll
Wayne C Summers
Quit Claim Deed
related
—
Jun 5, 2006
—
Wayne C Sommers
Sommers,wayne C & Clare B
Quit Claim Deed
related
—
Aug 19, 1999
$200,000
Wayne C Sommers
Dodson,william E & Sarah A
Grant Deed
$65,000 · Seller
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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