Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$27,330,000
Garden apartment buildings
Tatnall Sq Vero Beach, FL 32966
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-8096841
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2017
Construction
CONCRETE
Total area
204,713 SF
Lot
10.56 ac (459,994 SF)
Zoning code
PDMXD
APN
33-39-05-00018-0000-00001.0
UPID
US18-8096841
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
by Request
CAP Approach
CAP
$33.57M
Comparable Approach
Comparable
$26.37M
Blend (final)
Blend
$27.33M
Owner & transaction history
SR 60 VERO LLC
SR 60 VERO LLC
Zoning & alternative use
PDMXD · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$44.4M
+15.4%
Retail stores
$44.1M
+14.7%
Office building
$42.7M
+10.8%
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%
$36,365,000
6.5%
$33,570,000
7%
$31,170,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$38,490,000
Current use
AUTO REPAIR, GARAGE
$44,410,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$44,140,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$42,650,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$27.33M
Range $24.60M – $30.06M · ±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
$134 / 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
$201,652
Tax year 2023
Assessed value
$12,919,385
Assessed 2023
Previous assessed
$12,960,436
-0.3% YoY
Effective rate
1.56%
On assessed value
Assessed land
$359,040
Assessed improvement
$12,560,345
Land market value
$359,040
Improvement market value
$12,560,345
Total market value
$12,919,385
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Buildings
7
Units
159
Total area
204,713 SF
Lot
10.56 ac (459,994 SF)
Zoning code
PDMXD
APN
33-39-05-00018-0000-00001.0
UPID
US18-8096841
Jurisdiction
INDIAN RIVER
Zoning & alternative use
PDMXD · Vero Beach, FL
Zoning PDMXD · permitted uses
PDMXD · 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
$38.5M
AUTO REPAIR, GARAGE
Est. value
$44.4M
RETAIL STORES
Est. value
$44.1M
OFFICE BUILDING
Est. value
$42.7M
APARTMENT HOUSE (5+ UNITS) 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
2017
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Buildings
7
Units
159
Lot
10.56 ac
Current owner
From public records · entity-resolved
SR 60 VERO LLC
Entity
Free & Clear · 0 yrs held
Mailing address
105 FOULK RD, WILMINGTON, DE 19803-3740
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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?”
You own Tatnall Sq?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
