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Property profile & analytics
FOR SALE
Warehouses
806 SW 11Th Dr SW, Vero Beach, FL 32962
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2692379
For Sale
1 / 10
$650,000
806 SW 11Th Dr SW, Vero Beach, FL 32962
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,800 SF
Lot
0.23 ac (10,019 SF)
Zoning code
IL
APN
33-39-24-00011-0002-00010.0
UPID
US18-2692379
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
-
Indian River Roofing & Repairs Roofing 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
806 11th Drive LLC · 1 yrs held
806 11th Drive LLC
since 2024
Last sale
$465,000
6 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
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
$2,306
Tax year 2023
Assessed value
$146,159
Assessed 2023
Previous assessed
$146,159
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$51,000
Assessed improvement
$95,159
Land market value
$51,000
Improvement market value
$95,159
Total market value
$146,159
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
3
Total area
1,800 SF
Lot
0.23 ac (10,019 SF)
Zoning code
IL
APN
33-39-24-00011-0002-00010.0
UPID
US18-2692379
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.
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
806 11th Drive LLC
Entity
Mailing address
806 N 11TH DR SW #500, VERO BEACH, FL 32962-4434
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
$465,000
806 11th Drive LLC
Jj Enterprise Realty LLC
Warranty Deed
$232,500 · Jj Enterprise Realty LLC
Nov 15, 2022
$380,000
Jj Groundworks Corp
Robert James Dillon SR.
Special Warranty Deed
—
Jun 29, 2018
$210,000
Robert J Dillon JR
Millet,walter J III & Beverly K
Warranty Deed
$200,000 · Walter J & Beverly K Millet
May 28, 2010
—
Walter J Millet III
Millet,walter J III & Beverly K
Quit Claim Deed
related
—
Jul 1, 1997
$110,000
Walter J Millet
Cosgrove,james
Grant Deed
$85,000 · Seller
—
—
Walter J Millet III
—
Deed Of Trust
related
$100,000 · Bank Of America
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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