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    Property profile & analytics

    8104 Us Hwy 1st 1 Vero Beach, FL 32967-5652

    • Office buildings
    • 13,170 SF
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    May 13, 2021
    $862,000
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0850719
    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

    • Office buildings

    Property Details for 8104 Us Hwy 1st 1

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.12 lot acres
    Property size
    13,170 SF
    Zone code
    CL
    Property type
    Office buildings
    APN
    31-39-33-00000-1000-00008.0
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,090,000
      ML approach
      $1,130,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $695,000
      Market price range: $406k - $2.65M

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4304
    Latitude
    27.7415
    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
    $12,897
    $103,673
    $576,495
    $680,168
    -
    $103,673
    $576,495
    $680,168

    Comparable in this City

    • Value Estimation
      $1,985,000
      10,752 SF

      79th St

      OFFICE BUILDING • 10,752 SF
      79th St, Vero Beach, FL 32967
      View Details
    • Value Estimation
      $1,960,000
      13,206 SF

      5655 41st St

      OFFICE BUILDING • 13,206 SF
      5655 41st St, Vero Beach, FL 32967-1905
      View Details
    • Value Estimation by Request
      3,018 SF

      4880 43rd St

      OFFICE BUILDING • 3,018 SF
      4880 43rd St, Vero Beach, FL 32967-1940
      View Details
    • Value Estimation by Request
      744 SF

      5100 29th Ct

      OFFICE BUILDING • 744 SF
      5100 29th Ct, Vero Beach, FL 32967-6235
      View Details
    • Value Estimation
      $650,000
      6,618 SF

      7540 Us Hwy 1st 1

      OFFICE BUILDING • 6,618 SF
      7540 Us Hwy 1st 1, Vero Beach, FL 32967-6914
      View Details
    • Value Estimation
      $1,015,000
      10,267 SF

      2047 47th St

      OFFICE BUILDING • 10,267 SF
      2047 47th St, Vero Beach, FL 32967-1522
      View Details

    Similar Nearby for Sale

    • $7,900,000
      90,000 SF

      Vero Beach Industrial Property

      16.56-acre industrial property with 90,000+/- sq ft warehouse.
      2600 45Th St, Vero Beach, FL 32967
      View Details
    • $55,000

      Vero Beach Single Family Home

      Single family home in Vero Beach, Florida.
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    • $1,200,000

      Prime Commercial Land For Sale

      Commercial land available in a developing area with seller financing.
      7250 Us Highway 1, Vero Beach, FL 32967
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    • $875,000

      Prime Commercial Land on US#1

      Commercial land with 220 feet frontage on US #1.
      5725 Us Highway 1, Vero Beach, FL 32967
      View Details
    • $40,000

      Vero Beach Vacant Land

      Vacant land in Vero Beach undergoing redevelopment.
      4246 25Th Ave, Vero Beach, FL 32967
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    • $53,900

      Desirable Lot in Vero Beach

      Land for sale in a desirable Vero Beach location.
      8566 99Th Ct, Vero Beach, FL 32967
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      712 SF

      Vero Beach Office Suite

      Two-room office suite with private bath and separate entrance.
      4560 Us Highway 1, Vero Beach, FL 32967
      View Details
    • $16 SF/Yr
      8,110 SF

      Vero Beach Retail/Office Space

      Prime Vero Beach location, 1,345-5,508 SF available.
      2190 45Th St, Vero Beach, FL 32967
      View Details
    • $13 SF/Yr

      Warehouse Space with Highway Access

      Well-maintained warehouse with easy highway access in Vero Beach.
      4417 77Th St, Vero Beach, FL 32967
      View Details
    • $3 SF/Yr
      36,000 SF

      Vero Beach Industrial Warehouse Space

      13 Suites, 6,000 SF Available, Vero Beach
      3807 65Th St, Vero Beach, FL 32967
      View Details
    • $1,500 /Mo

      Renovated Apartment Near Vero Beach

      Renovated 1/1 apartment in Vero Beach, near the beach.
      4410 26Th Ave, Vero Beach, FL 32967
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease in growing retail area.
      5330 Us Highway 1, Vero Beach, FL 32967
      View Details
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    Vero Beach, FL 32967-5652
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    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
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