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Property profile & analytics
OFF-MARKET
Estimated value
$10,385,000
Motels
8797 20th St Vero Beach, FL 32966-6941
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-0519167
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,821 SF
Lot
6.17 ac (268,765 SF)
Zoning code
CG
APN
33-38-02-00001-0110-00002.0
UPID
US18-0519167
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
-
Vero Beach Inn & Suites Vero Beach I-95 Hotel & Motel
-
Pax Properties Real Estate Agency
-
Karimah Vacation Rental Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.64M
Blend (final)
Blend
$10.39M
Owner & transaction history
Vero Beach Inn LLC · 12 yrs held
Vero Beach Inn LLC
since 2013
7 recorded transactions
Zoning & alternative use
CG · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.39M
Range $9.35M – $11.42M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
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
$40,804
Tax year 2023
Assessed value
$2,963,463
Assessed 2023
Previous assessed
$2,834,473
+4.6% YoY
Effective rate
1.38%
On assessed value
Assessed land
$730,758
Assessed improvement
$2,232,705
Land market value
$730,758
Improvement market value
$2,232,705
Total market value
$2,963,463
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
117
Total area
58,821 SF
Lot
6.17 ac (268,765 SF)
Zoning code
CG
APN
33-38-02-00001-0110-00002.0
UPID
US18-0519167
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CG · Vero Beach, FLZoning CG · permitted uses
CG · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
117
Lot
6.17 ac
Current owner
From public records · entity-resolved
Vero Beach Inn LLC
Entity
Mailing address
8797 20TH ST, VERO BEACH, FL 32966-6941
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2018
—
Vero Beach Inn LLC
—
Deed
related
$2,800,000 · Legacy Bk/fl
Oct 12, 2016
—
Vero Beach Inn LLC
—
Deed
related
$2,800,000 · Legacy Bk/fl
Oct 2, 2014
—
Vero Beach Inn LLC
—
Grant Deed
related
$3,400,000 · Flagler Bk
Sep 23, 2013
$2,015,000
Vero Beach Inn LLC
Wage LLC
Grant Deed
$1,410,000 · Sw Partners LLC
Jan 16, 2012
$900,000
Wage LLC
5 Star Motel Investments INC
Warranty Deed
—
Nov 16, 2005
—
5 Star Motel Investments INC
—
Trustees Deed
related
$722,234 · Security Bank
Apr 23, 1999
$2,475,000
5 Star Motel Investments INC
Rsk Vero INC
Grant Deed
$1,850,000 · Citrus Bank
—
—
5 Star Motel Investments INC
—
Deed Of Trust
related
$3,435,000 · Security Bank
—
—
Rsk Vero INC
—
Deed Of Trust
related
$1,700,000 · Citrus Bank
—
—
5 Star Motel Investments INC
—
Deed Of Trust
related
$3,459,074 · Security Bank
—
—
5 Star Motel Investments INC
—
Deed Of Trust
related
$3,390,625 · Security Bank
—
—
5 Star Motel Investments INC
—
Deed Of Trust
related
$3,435,000 · Security Bank
—
—
5 Star Motel Investments INC
—
Deed Of Trust
related
$400,000 · Security Bank
—
—
Vero Beach Inn LLC
—
Deed Of Trust
related
$2,800,000 · Legacy Bk/fl
—
—
Vero Beach Inn LLC
—
Loan Modification
related
$2,800,000 · Legacy Bk/fl
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.
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