1615 14th Avenue Vero Beach, FL 32960
SINGLE_FAMILY - Vero Beach, FL
Property Features for 1615 14th Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- , C-1
- Interior features
- Elevator
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active
- APN
- 33390100047030000005.0
- Size
- 36,545 SF
- Lot size
- 2.07 Acres
Taxes and HOA fees
- Tax Description
- HIGHLAND PARK PLAT NO. 3 BLK 30 LOTS 5, 6, 7 & 8 PBI 2-4
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1989
- Floors in Building
- 2
- Flooring type
- Concrete, Vinyl, Carpet
- Building materials
- Block, Concrete
- Roof type
- Metal
Listing agent T.P. Kennedy License #3377487 (772) 473-2521
Listing office Alex MacWilliam, Inc. 2901 Ocean Dr, Vero Beach, FL (772) 231-6509
Listing date Mar 25, 2025
Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The complex is positioned in the heart of Vero Beach in a C-1 zoned area and is described as being in a high-traffic location with excellent road frontage. Ample parking is also noted, supporting practical access for retail and service tenants and their customers.
For tenants and buyers seeking a diversified income mix within one ownership, this configuration brings multiple operating categories under a single roof. The presence of both residential units and commercial space types, including office, restaurants, and medical uses, may appeal to operators that benefit from a built-in customer base and shared property infrastructure. With elevator service, fire sprinklers, and a recently installed roof, the building supports ongoing occupancy for a range of neighborhood-oriented commercial needs.
Key Highlights
- Prime 36,545 sq ft mixed‑use commercial complex.
- Features 12 residential apartments plus retail, office, restaurants, and medical spaces.
- Located in a high‑traffic area with excellent road frontage.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $920.9k | $25.20 |
| − Vacancy | −$96.7k | −$2.65 |
| EGI | $824.2k | $22.55 |
| − OpEx | −$329.7k | −$9.02 |
| NOI | $494.5k | $13.53 |
