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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Residential income homes
960 6th St Vero Beach, FL 32962-1571
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0358625
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,344 SF
Lot
0.54 ac (23,522 SF)
Zoning code
RM-6
APN
33-39-13-00013-0000-00024.0
UPID
US19-0358625
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$615k
Owner & transaction history
Srs Property Partners LLC · 3 yrs held
Srs Property Partners LLC
since 2022
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
RM-6 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$800,000
+27.5%
Auto repair, garage
$725,000
+15.4%
Retail stores
$720,000
+14.7%
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
$660,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$630,000
Current use
MEDICAL BUILDING
$800,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$725,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$720,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $550k (Sep 13 2022)
Last sale anchor
$550k
Sep 13 2022
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
$184 / 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
$6,861
Tax year 2023
Assessed value
$460,415
Assessed 2023
Previous assessed
$460,415
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$59,981
Assessed improvement
$400,434
Land market value
$59,981
Improvement market value
$400,434
Total market value
$460,415
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
4
Bathrooms
2
Total area
3,344 SF
Lot
0.54 ac (23,522 SF)
Zoning code
RM-6
APN
33-39-13-00013-0000-00024.0
UPID
US19-0358625
Jurisdiction
INDIAN RIVER
Zoning & alternative use
RM-6 · Vero Beach, FL
Zoning RM-6 · permitted uses
RM-6 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$630,000
MEDICAL BUILDING
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$725,000
RETAIL STORES
Est. value
$720,000
OFFICE BUILDING
Est. value
$695,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Bathrooms
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Srs Property Partners LLC
Entity
Mailing address
12567 NW MILESTONE PL, PORT SAINT LUCIE, FL 34987-3057
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2022
$550,000
Srs Property Partners LLC
Tkr Vero LLC
Warranty Deed
$412,500 · Crosscountry Mortgage LLC
Sep 20, 2012
—
Tkr Vero LLC
Msdg LLC
Grant Deed
related
—
Jul 6, 2012
$925,000
Tkr Vero LLC
Msdg LLC
Warranty Deed
$693,750 · The Northern Trust Co
Dec 23, 2010
—
Msdg LLC
Sybil Investment Ptshp Ltd
Quit Claim Deed
related
—
May 22, 2006
$880,000
Sybil Investment Ptshp Ltd
Bilken Group INC
Warranty Deed
—
—
—
Tkr Vero LLC
—
Deed Of Trust
related
—
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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