Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
840 19th St Vero Beach, FL 32960-5438
Entity Owned
2-yr Hold
Free & Clear
Property ID
US19-0689232
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,714 SF
Lot
0.24 ac (10,454 SF)
Zoning code
MXD
APN
33-39-01-00014-0000-00002.0
UPID
US19-0689232
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
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
840 19th Place LLC · 2 yrs held
840 19th Place LLC
since 2023
Last sale
$330,000
7 recorded transactions
Zoning & alternative use
MXD · 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
$2,397
Tax year 2023
Assessed value
$139,936
Assessed 2023
Previous assessed
$140,447
-0.4% YoY
Effective rate
1.71%
On assessed value
Assessed land
$33,816
Assessed improvement
$106,120
Land market value
$33,816
Improvement market value
$106,120
Total market value
$139,936
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,714 SF
Lot
0.24 ac (10,454 SF)
Zoning code
MXD
APN
33-39-01-00014-0000-00002.0
UPID
US19-0689232
Jurisdiction
INDIAN RIVER
Zoning & alternative use
MXD · Vero Beach, FL
Zoning MXD · permitted uses
MXD · 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
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
840 19th Place LLC
Entity
Free & Clear · 2 yrs held
Mailing address
835 22ND ST, VERO BEACH, FL 32960-5104
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2023
$330,000
840 19th Place LLC
Thomas J Michaels
Warranty Deed
—
Jan 11, 2023
—
Thomas J Michaels
Tjm Home Healthcare INC
Quit Claim Deed
related
—
Mar 14, 2017
$400,000
Tjm Health Care INC
Michaels,joseph T
Warranty Deed
related
—
Oct 21, 2010
$125,000
Joseph T Michaels
Celentano,arnold J & Jo A B
Warranty Deed
—
Jan 30, 2003
$155,000
Arnold J Celentano
Tschappat,joy A
Grant Deed
$110,000 · Harbor Fsb
Aug 14, 1998
$52,500
Joy A Tschappat
Fetzer,carl
Grant Deed
$42,000 · Home Savings Of America
—
—
Joy A Tschappat
—
Deed Of Trust
related
$13,000 · First Union 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 840 19th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
