Vero Beach Retail
4800 20th Street Vero Beach, FL 32966
For Sale
$1,150,000
Retail building on a busy highway in Vero Beach, FL.
Property Size5,704 SF
Price / SF$201.61
Days on Market248
Property Features for 4800 20th Street
General Information
Standard status
Active
Size
5,704 SF
Property subtype
Retail
Building Details
Year Built
1987
Listing Agency:
(772) 215-2538
Listed By:
Boyd G. Bradfield, Jr. · License #FL #377607
(772) 215-2538
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 27 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boyd G. Bradfield, Jr.
Investment Insights
Based on property information with market context.
Located on 20th Street (SR 60) in Vero Beach, Florida, this building is situated on a busy highway that connects Downtown Vero Beach and the barrier island to I-95, the Vero Beach Mall, and the Vero Beach Outlets. The surrounding area features a mix of retail and service businesses, including high-end retail establishments. The building, with a size of 5704 square feet, has previously been used for fabric sales and as a bank. It is suitable for various potential uses.
Key Highlights
- High‑traffic location on 20th Street (SR 60) connecting key areas.
- Surrounded by high‑end retail and services.
- Suitable for various uses (previous uses: Fabric Sales and a Bank).
Financial Insights For Retail
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 | $85.6k | $15.00 |
| − Vacancy | −$7.3k | −$1.28 |
| EGI | $78.3k | $13.73 |
| − OpEx | −$23.5k | −$4.12 |
| NOI | $54.8k | $9.61 |
5,704 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$782.9K
$685.0K – $913.4K
NOI $54,801 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,564 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - Retail building on a busy highway in Vero Beach, FL.
Where is this retail property located?
The property is located at 4800 20th Street Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: High‑traffic location on 20th Street (SR 60) connecting key areas.; Surrounded by high‑end retail and services.; Suitable for various uses (previous uses: Fabric Sales and a Bank).
