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    1103 21St St Vero Beach, FL 32960

    Picture of Investment properties at 21St St 1103, Vero Beach, FL
    For Sale
    $1,695,000

    Commercial - Vero Beach, FL

    Property size:
    5,145 SF
    Lot size:
    0.67 Acres
    Days on Market:
    368
    Last Refresh:
    Dec 8 at 9:06 am

    Property Features for 1103 21St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1B
    APN
    33390100022002000001.0
    Size
    5,145 SF
    Lot size
    0.67 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Other (Cooling)

    Building Details

    Year built
    1930
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Other
    Roof type
    Other
    Architectural style
    Other

    Compass Florida, LLC (561) 286-5166 [email protected]

    Listing agent Mark C Barone (561) 285-4283

    Listing date Dec 6, 2024

    MLS# RX-11042949 Listing URL

    Copyright © 2025 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vero Beach Investment Opportunity

    This free-standing commercial building is located in Vero Beach, Florida. The property is fully leased and offers an 8.5% ROI. The building is currently occupied by a high-quality restaurant tenant that has invested over $1 million in renovations. The property is zoned C-1B and is situated on a 0.67-acre lot. The building has 5145 square feet of space. The property is suitable for investment, restaurant, and retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.395587
    Latitude
    27.639218

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    FAQs

    What type of property is this?
    Investment property - Fully leased commercial building in Vero Beach with 8.5% ROI.
    Where is this investment property located?
    The property is located at 1103 21St St Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: - Impressive 8.5% ROI; - Fully Leased Free-Standing Building; - High-Quality Restaurant Tenant
    (561) 285-4283
    Request Owner's contact information
    1103 21St St Vero Beach, FL 32960
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    Vero Beach, FL 32960
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    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
    1103 21St St Vero Beach, FL 32960
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