Entity Owned Property summary
AI-generated overview
This Vero Beach industrial property offers 10,000 square feet of flexible warehouse space, currently with 5,000 square feet immediately available for lease. The single-story building, constructed in 1999, boasts an 18-foot ceiling height, perfect for various industrial uses. The space includes 12' x 12' bay doors and built-out, air-conditioned office space, enhancing its functionality. Located in South Vero Beach at 865 35th Ct SW, 32968, this property benefits from its convenient location and heavy commercial zoning (CH), allowing for diverse business operations. Building and monument signage opportunities are available, providing excellent visibility. The property is served by county water, sewer, and FPL utilities. The lease rate is $15.00 per square foot plus sales tax. The strategic location near the future Oslo/I-95 interchange offers improved commuting and distribution capabilities, making this an attractive option for businesses seeking efficient logistics. This is an exceptional opportunity for contractors or businesses requiring versatile space in a prime Vero Beach location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
STEEL FRAME
Total area
10,000 SF
Lot
0.78 ac (33,977 SF)
Zoning code
CH
APN
33-39-22-00022-0000-00001.0
UPID
US18-5028955
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.00M
Owner & transaction history
since 2024
Last sale
$6.0M
1 recorded transaction
Zoning & alternative use
CH · Vero Beach, FL
Top alternative use upside
Restaurant
$4.4M
+34.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.00M
Value range
$5.40M – $6.60M
±10% around blend
Estimated value / SF
$600 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
70
$5.40M
blend $6.00M
$6.60M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,000 SF
Lot area
0.78 ac
Year built
1999
Stories
1
APN
33-39-22-00022-0000-00001.0
Zoning
CH
Assessed value
$483,561
Annual tax
$9,174
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.55M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.9 mi away · 9,632 SF
9.7 mi away · 7,500 SF
10.3 mi away · 9,936 SF
10.9 mi away · 10,434 SF
12.2 mi away · 7,826 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 68 sales
$323
+86%
County 70 sales
$317
+90%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $600/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+35%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.00M
Move the market yield to see immediate price impact.
Value / SF
$600
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$378k
$7.56M
$5.40M
$4.20M
$420k
$8.40M
$6.00M
$4.67M
$462k
$9.24M
$6.60M
$5.13M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$1.56M
3.3 mi · Dec 2025 · $146/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,174
Tax year 2023
Assessed value
$483,561
Assessed 2023
Previous assessed
$483,561
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$143,816
Assessed improvement
$339,745
Land market value
$143,816
Improvement market value
$339,745
Total market value
$483,561
Applied tax rate
7.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
6
Total area
10,000 SF
Lot
0.78 ac (33,977 SF)
Zoning code
CH
APN
33-39-22-00022-0000-00001.0
UPID
US18-5028955
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CH · Vero Beach, FLZoning CH · permitted uses
CH · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
6
Lot
0.78 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CH
Jurisdiction
Vero Beach, FL
Recorded code
CH
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CH in Vero Beach, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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