Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    923 37th Pl Vero Beach, FL 32960-6563

    • Medical offices
    • 1,159 SF
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US18-5933418
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Erwin F. Ramos, MD / TMSPSA Vero Beach and Fort Lauderdale / Psychiatrist

    Property Details for 923 37th Pl

    Year built
    1992
    Property size
    1,159 SF
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    32-39-25-00010-0003-00004.0
    APU
    9223372036854775807

    Description

    This exceptional 1,159-square-foot medical office condo is ideally situated in Vero Beach, Florida, at 923 37th Place, zip code 32960. Built in 1992 and zoned for medical use ((Med) Medical District), this single-tenant suite offers a prime location immediately adjacent to the Indian River Medical Center, ensuring high visibility and accessibility. The unit boasts ample parking and features three exam rooms, one office, and a reception area. Its end-unit position provides abundant natural light from numerous windows. The property is part of a well-maintained professional medical facility, offering a polished and reputable environment. The suite is available for lease starting February 1st, 2025, at a monthly rate of $3,000 plus sales tax, translating to $31.06 per square foot. Utilities include county water, sewer, and FPL electricity. The high-traffic area sees 11,384 vehicles per day (2023 data), providing excellent exposure for your practice. This turnkey medical office space presents a fantastic opportunity for healthcare professionals seeking a well-established and convenient location. The property's central location and proximity to the Indian River Medical Center make it an ideal choice for a thriving medical practice.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $400,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $325,000
      Mixed-Use
      $335,000
      Hospitality
      $375,000
      Educational
      $350,000
      Residential Income
      $430,000
      Energy
      $345,000
      Income-Based Land
      $400,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3916
    Latitude
    27.6608
    CBSA code
    42680
    CBSA name
    SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,379
    $0.00
    $157,600
    $157,600
    -
    $0.00
    $157,600
    $157,600

    Comparable in this City

    • Value Estimation by Request
      67,334 SF

      3955 Indian Riv Blvd

      DENTAL BUILDING • 67,334 SF
      3955 Indian Riv Blvd, Vero Beach, FL 32960-4814
      View Details
    • Value Estimation
      $350,000
      2,034 SF

      370 17th Stb

      DENTAL BUILDING • 2,034 SF
      370 17th Stb, Vero Beach, FL 32960-5690
      View Details
    • Value Estimation by Request
      7,466 SF

      920 37th Pl

      DENTAL BUILDING • 7,466 SF
      920 37th Pl, Vero Beach, FL 32960-6573
      View Details
    • Value Estimation by Request
      9,217 SF

      2750 Indian Riv Blvd

      DENTAL BUILDING • 9,217 SF
      2750 Indian Riv Blvd, Vero Beach, FL 32960-5225
      View Details
    • Value Estimation by Request
      4,917 SF

      1255 37th St, Unit 5

      DENTAL BUILDING • 4,917 SF
      1255 37th St, Vero Beach, FL 32960-6550
      View Details
    • Value Estimation by Request
      1,419 SF

      1956 41st Ave Ste A

      DENTAL BUILDING • 1,419 SF
      1956 41st Ave Ste A, Vero Beach, FL 32960-2561
      View Details

    Similar Nearby for Sale

    • $3,250,000

      Vero Beach Freestanding Medical Office

      Turnkey medical office in high-demand Vero Beach medical corridor.
      3333 20Th St, Vero Beach, FL 32960
      View Details
    • $775,000

      Vero Beach Professional Office Building

      2400 SF professional building near downtown, courthouse, and beaches.
      1140 Royal Palm Blvd, Vero Beach, FL 32960
      View Details
    • $1,600,000
      5,676 SF

      Medical Office Building For Sale

      Free-standing medical office building near Cleveland Indian River Hospital.
      1460 36Th St, Vero Beach, FL 32960
      View Details
    • $11,500,000
      41,634 SF

      Vero Beach Financial Center

      Fully renovated office building with strong tenant mix and high occupancy.
      1201 19Th Pl, Vero Beach, FL 32960
      View Details
    • $699,000

      Updated Commercial Property in Downtown

      Updated commercial property in downtown Vero Beach with flexible layout.
      1801 24Th St, Vero Beach, FL 32960
      View Details
    • $3,875,000
      7,744 SF

      Vero Beach Executive Office Building

      Class A Office, 7,744 SF, Prime Location
      1745 20Th St, Vero Beach, FL 32960
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr

      Move-in Ready Medical Suite

      Premier Vero Beach location, ideal for medical or specialty use.
      3755 B, Vero Beach, FL 32960
      View Details
    • $45 SF/Yr

      Premier Medical Space for Lease

      Modern medical suites designed for efficiency and patient care.
      1360 36Th St, Vero Beach, FL 32960
      View Details
    • $21 SF/Yr
      1,432 SF

      Move-in Ready Medical Office Suite

      Class A medical office suite near Cleveland Clinic Indian River.
      3730 7Th Ter, Vero Beach, FL 32960
      View Details
    • Contact for pricing
      102,104 SF

      Medical Office Suites for Lease

      Modern medical suites, prime location
      777 37Th St, Vero Beach, FL 32960
      View Details
    • $29 SF/Yr
      2,622 SF

      Vero Beach Medical Office Suite

      Move-in ready, 2,622 sq ft, prime location.
      1285 36Th St, Vero Beach, FL 32960
      View Details
    • $28 SF/Yr
      10,668 SF

      Vero Beach Medical Office Space

      5,712 SF Medical Office for Sale
      1260 37Th St, Vero Beach, FL 32960
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    923 37th Pl
    Vero Beach, FL 32960-6563
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.