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    Vero Beach Flex Opportunity Title is generated by Realmo AI

    820 35th Court SW, Vero Beach, FL 32968

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    Claim this Listing
    For Sale
    $1,500,000

    COMMERCIAL - Vero Beach, FL

    Property size:
    7,500 SF
    Lot size:
    0.94 Acres
    Price / SF:
    $200/SF
    Added:
    Nov 24, 2025
    Days on Market:
    190
    Last Refresh:
    Jun 2 at 9:06 pm

    Property Features for 820 35th Court SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CH
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    333922000220000000050
    Size
    7,500 SF
    Lot size
    0.94 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    WEST SIDE COMMERCIAL PARK LOTS 5 & 6 PBI 13-36
    Tax Annual Amount
    7266

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1997
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Tile, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Christopher John Flaig ll

    Listing agent Christopher John Flaig ll License #3495792

    Listing office LPT Realty 1926 14th Ave., Lake Mary, FL

    Listing date Nov 24, 2025

    MLS# R11143774

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Versatile commercial heavy (CH) zoning allows for a wide range of uses.
    • 7,500 sq ft industrial flex building on a 1‑acre lot.
    • Currently fully leased, providing immediate income.
    • Configured for three independent bays, each with its own electric meter and restroom.
    • Opportunity to increase NOI through market rent adjustments and multi‑tenant lease‑up.
    • Suitable for either multi‑tenant investment or future owner‑user facility.

    Overview

    This 7,500-square-foot industrial flex building is located off Oslo Road in Indian River County. Situated on 0.94 acres, the property is zoned Commercial Heavy (CH), offering versatile use profiles. The building is currently fully leased with 2 years remaining on the lease, providing immediate income. The property is configured for three independent bays, each equipped with its own electric meter and restroom. This configuration allows for potential NOI increases through market rent adjustments and multi-tenant lease-up. The property can be repositioned as a multi-tenant investment or a future owner-user facility.

    Local Financial Insights For Flex RnD

    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 $175.5k $23.40
    − Vacancy −$10.9k −$1.45
    EGI $164.6k $21.95
    − OpEx −$57.6k −$7.68
    NOI $107.0k $14.27
    7,500 SF · lease $23.40/SF/yr · vacancy 6.20% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $1.53M
    $1.34M – $1.78M (±1% cap)
    NOI $107,002 @ 7.0% cap · market cap 7.13%
    Second Best
    Retail
    $1.03M
    $900.7K – $1.20M (±1% cap)
    NOI $72,056 @ 7.0% cap · market cap 4.80%
    Theoretical Best
    Specialty Retail
    $1.64M
    $1.44M – $1.92M (±1% cap)
    NOI $115,135 @ 7.0% cap · market cap 7.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boston Barricade Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Bar Vero Services — 1155 32nd Ave SW, Vero Beach, FL 32968

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.422637
    Latitude
    27.588535

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    FAQs

    What type of property is this?
    Flex space - 7,500 SF flex building on one acre for sale.
    Where is this flex space located?
    The property is located at 820 35th Court SW Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Versatile commercial heavy (CH) zoning allows for a wide range of uses.; **7,500 sq ft industrial flex building on a 1‑acre lot.**; Currently fully leased, providing immediate income.
    (772) 766-2001
    We can help!
    Listing Contact
    Christopher John Flaig ll
    Real Estate License ID: 3495792
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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.

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