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Property profile & analytics
FOR LEASE
Warehouses
925 74Th Ave SW Vero Beach, FL 32968
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3037056
For Lease
1 / 25
$12 SF/Yr
925 74Th Ave SW, Vero Beach, FL 32968
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
9,446 SF
Lot
60.55 ac (2,637,558 SF)
Zoning code
IG
APN
33-38-25-00001-0010-00001.0
UPID
US18-3037056
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
-
Indian River Eco District Corporate Office Business Park
-
Atlas Organics Agricultural Supply Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.50M
Owner & transaction history
State Of Florida Department Of Tran · 4 yrs held
State Of Florida Department Of Tran
since 2022
5 recorded transactions
Zoning & alternative use
IG · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+63.4%
Auto repair, garage
$2.1M
+47.9%
Retail stores
$2.0M
+46.9%
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%
$1,635,000
6.5%
$1,510,000
7%
$1,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,385,000
Current use
MEDICAL BUILDING
$2,265,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,050,000
Change: +48% · Conversion: Easy
RETAIL STORES
$2,035,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$1,970,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,775,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±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
$158 / 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
$16,884
Tax year 2023
Assessed value
$1,018,075
Assessed 2023
Previous assessed
$1,007,042
+1.1% YoY
Effective rate
1.66%
On assessed value
Assessed land
$679,490
Assessed improvement
$338,585
Land market value
$679,490
Improvement market value
$338,585
Total market value
$1,018,075
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
8
Stories
1
Units
1
Total area
9,446 SF
Lot
60.55 ac (2,637,558 SF)
Zoning code
IG
APN
33-38-25-00001-0010-00001.0
UPID
US18-3037056
Jurisdiction
INDIAN RIVER
Zoning & alternative use
IG · Vero Beach, FLZoning IG · permitted uses
IG · Vero Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Units
1
Lot
60.55 ac
Current owner
From public records · entity-resolved
State Of Florida Department Of Tran
Entity
Free & Clear · 4 yrs held
Mailing address
925 74TH AVE SW, VERO BEACH, FL 32968-9755
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Feb 7, 2022
—
State Of Florida Department Of Tran
Indian River Eco District LLC
Warranty Deed
—
Jan 18, 2018
$3,000,000
Frankens Energy LLC
Ineos New Planet Bioenergy LLC
Grant Deed
—
Aug 12, 2011
—
Ineos New Planet Bioenergy LLC
—
Deed Of Trust
related
$15,000,000 · Arborone Aca
Sep 20, 2010
—
Ineos New Planet Bioenergy LLC
Ocean Spray Cranberries INC
Grant Deed
related
—
Jul 12, 2010
$9,750,000
Ineos New Planet Bioenergy LLC
Ocean Spray Cranberries INC
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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