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Property profile & analytics
OFF-MARKET
Manufacturing properties
845 35th SW Ct, Vero Beach, FL 32968-5062
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2703075
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Construction
STEEL FRAME
Total area
3,320 SF
Lot
0.39 ac (16,988 SF)
Zoning code
CH
APN
33-39-22-00022-0000-00003.0
UPID
US18-2703075
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
-
Schoellman Restoration Co Hardware & Home Improvement Construction Company
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
Safjon LLC · 4 yrs held
Safjon LLC
since 2022
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
CH · 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
$3,224
Tax year 2023
Assessed value
$161,654
Assessed 2023
Previous assessed
$161,210
+0.3% YoY
Effective rate
1.99%
On assessed value
Assessed land
$71,825
Assessed improvement
$89,829
Land market value
$71,825
Improvement market value
$89,829
Total market value
$161,654
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
4
Total area
3,320 SF
Lot
0.39 ac (16,988 SF)
Zoning code
CH
APN
33-39-22-00022-0000-00003.0
UPID
US18-2703075
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CH · Vero Beach, FL
Zoning CH · permitted uses
CH · 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
1974
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
4
Lot
0.39 ac
Current owner
From public records · entity-resolved
Safjon LLC
Entity
Mailing address
2046 TREASURE COAST PLZA346, VERO BEACH, FL 32960-0927
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Feb 1, 2022
$350,000
Safjon LLC
Jpp Trust LLC
Warranty Deed
$300,000 · Jpp Trust LLC
Aug 7, 2018
$200,000
Jpp Trust LLC
Russo,albert
Warranty Deed
$125,000 · John M & Diane Rimkus
Oct 17, 2017
—
Albert Russo
Blucher,thomas R Coc
Trustees Deed
—
Aug 28, 2001
$70,000
Thomas R Blucher
Brown,jeffrey N
Grant Deed
$82,000 · Albert & Abby
—
—
Thomas R Blucher
—
Loan Modification
related
$115,000
—
—
Blucher,thomas R
—
Deed Of Trust
related
$115,000 · Albert & Abby Russo
—
—
Jeffrey N Brown
—
Deed Of Trust
related
$28,500 · Individual
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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