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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
8801 20th St Vero Beach, FL 32966-1709
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4787578
Property summary
AI-generated overview
This exceptional 2,640-square-foot retail building, situated at 8801 20th St in Vero Beach, Florida (zip code 32966), presents a unique opportunity for a variety of businesses. Built in 1975, this single-story structure boasts 150 feet of frontage on SR 60, ensuring high visibility and accessibility. The property is zoned (CG) Commercial General, allowing for flexible use as medical, retail, or office space. A significant build-out allowance is available for a qualified tenant. The building features 400 amp, 3-phase electric service and previously operated as a convenience store, but has since been gutted, providing a blank canvas for a new concept. Note that deed restrictions prohibit future use as a convenience/grocery store, food/beverage distributor, auto parts store, or any vape or tobacco sales. The property includes one parking space. Utilities are provided by County Water & Septic and FPL. The lease price is $30.00 per square foot, NNN, plus sales tax. This high-traffic location offers tremendous potential for a discerning business owner.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,640 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CG
APN
33-38-02-00001-0120-00003.0
UPID
US18-4787578
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
-
West End Grooming Pet Grooming Service
-
ATM (7-Eleven) Atm
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
Nd One LLC · 2 yrs held
Nd One LLC
since 2023
Last sale
$475,000
3 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
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
$5,418
Tax year 2023
Assessed value
$293,493
Assessed 2023
Previous assessed
$295,459
-0.7% YoY
Effective rate
1.85%
On assessed value
Assessed land
$85,160
Assessed improvement
$208,333
Land market value
$85,160
Improvement market value
$208,333
Total market value
$293,493
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
2,640 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CG
APN
33-38-02-00001-0120-00003.0
UPID
US18-4787578
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CG · Vero Beach, FL
Zoning 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
Vero Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Nd One LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2022 US HWY 1ST 1, VERO BEACH, FL 32960-5420
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
—
Nd One LLC
7-eleven INC
Correction Deed
related
—
May 18, 2023
—
Nd One LLC
7 Eleven INC
Correction Deed
related
—
Mar 17, 2023
$475,000
Nd One LLC
7 Eleven INC
Special Warranty Deed
—
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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