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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Medical Office Space
908 Cswy Blvd Vero Beach, FL 32963-2234
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4486619
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,124 SF
Lot
0.55 ac (23,958 SF)
Zoning code
RM-13
APN
33-40-05-00012-0010-00004.0
UPID
US18-4486619
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
-
Denise Tonner MD Physician
-
Dr. Nancy M. Baker, MD Pediatrician Physician
-
Coastal Complete Direct Primary Care Medical Clinic
-
Ocean Blue Medical Physician
-
Vero Beach Nutrition Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$990k
Blend (final)
Blend
$870k
Owner & transaction history
Leonardo Mandina · 9 yrs held
Leonardo Mandina
since 2016
Last sale
$862,500
5 recorded transactions
Zoning & alternative use
RM-13 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to provide adequate space in appropriate locations suitable for accommodating high density residential development and congregate housing exclusively for the elderly and designed to meet the unique needs of elderly persons
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
19.32 ac
Source
Realmo
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
$870,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$750,000
Current use
AUTO REPAIR, GARAGE
$680,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$675,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$650,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $863k (Nov 4 2020)
Last sale anchor
$863k
Nov 4 2020
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
$278 / 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
$13,094
Tax year 2023
Assessed value
$809,218
Assessed 2023
Previous assessed
$809,806
-0.1% YoY
Effective rate
1.62%
On assessed value
Assessed land
$459,000
Assessed improvement
$350,218
Land market value
$459,000
Improvement market value
$350,218
Total market value
$809,218
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
3,124 SF
Lot
0.55 ac (23,958 SF)
Zoning code
RM-13
APN
33-40-05-00012-0010-00004.0
UPID
US18-4486619
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RM-13 · Vero Beach, FLZoning RM-13 · permitted uses
RM-13 · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to provide adequate space in appropriate locations suitable for accommodating high density residential development and congregate housing exclusively for the elderly and designed to meet the unique needs of elderly persons
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
19.32 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$680,000
RETAIL STORES
Est. value
$675,000
OFFICE BUILDING
Est. value
$650,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Leonardo Mandina
Individual
Mailing address
1370 INDIAN MOUND TRL, VERO BEACH, FL 32963-2365
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2016
—
Leonardo Mandina
—
Deed
related
—
—
—
Leonardo Mandina
—
Deed Of Trust
related
$397,914 · Marine Bank & Trust Co
—
—
Leonardo Mandina
—
Deed Of Trust
related
$4,740 · Nationsbank
—
—
Leonardo Mandina
—
Loan Modification
related
—
—
—
Leonardo Mandina
—
Deed Of Trust
related
$384,519 · Bank Of America
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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