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    The Largest CRE Database in the US with Over 1 Million Listings

    3700 9Th St SW, Unit 102 Vero Beach, FL 32968

    Sponsored
    For Sale
    $3,000,000

    COMMERCIAL - Vero Beach, FL

    Property size:
    6,900 SF
    Days on Market:
    1
    Last Refresh:
    Feb 5 at 5:06 pm

    Property Features for 3700 9Th St SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    , CG
    APN
    33392200001014000001.3
    Size
    6,900 SF

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2020
    Floors in Building
    1
    Flooring type
    Tile, Concrete
    Building materials
    Block, Concrete, Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Karl C Dietrich

    Alex MacWilliam, Inc. Real Estate (772) 231-6509

    Listing agent Karl C Dietrich (772) 231-6509 License #0417167

    Listing date Feb 5, 2026

    MLS# 294821

    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.

    Learn more

    Property Insight Report

    Overview

    Vero Beach Restaurant Building

    This commercial property in Vero Beach, Florida, presents an exceptional opportunity as a high-visibility restaurant building. Constructed with newer concrete block, the 6,900 square foot building features a large wrap-around porch and a spacious, open dining area with multiple bar areas and 12-foot ceilings. The layout includes a 4,800 square foot dining area and a 2,100 square foot commercial kitchen, complete with an office. Access is facilitated by six roll-up doors, including four measuring 14 feet by 10 feet and two measuring 12 feet by 10 feet. The property is equipped with impact glass, a metal roof, and an alarm and camera system. It is also set up for a large generator and includes a 2,500-gallon shared grease trap. The property is fully equipped and situated in an office park scenario with ample 24/7 parking. The location is in an area of high residential growth with future access to I-95.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Savores Grill House Restaurant CW Willis Landscaping ... Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Bar Vero Services

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4249447
    Latitude
    27.5880806

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    FAQs

    What type of property is this?
    Restaurant - High-visibility restaurant building with exceptional commercial opportunity in Vero Beach.
    Where is this restaurant located?
    The property is located at 3700 9Th St SW, Unit 102 Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Fully Equipped 6,900 SF Restaurant Building with a generous 4,800 SF Dining Area and 2,100 SF Commercial Kitchen.; - High-Visibility Location in an area experiencing High Residential Growth and future I-95 Access.; - Newer Concrete Block Construction (Built 2020) features a Metal Roof and Impact Glass.
    (772) 538-3453
    Request Owner's contact information
    3700 9Th St SW, Unit 102 Vero Beach, FL 32968
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    Vero Beach, FL 32968
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3700 9Th St SW, Unit 102 Vero Beach, FL 32968
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    We can help!
    Listing Contact
    Karl C Dietrich
    Real Estate License ID: 0417167
    (772) 538-3453
    Learn more
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