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    1201 19Th Pl Vero Beach, FL 32960

    For Sale
    $11,500,000

    Fully renovated office building with strong tenant mix and high occupancy.

    Property size:
    41,634 SF
    Lot size:
    1.83 Acres

    Property Features for 1201 19Th Pl

    General Information

    Size
    41,634 SF
    Lot size
    1.83 Acres

    Source: Highlight Realty Network Agent Richard Lee Armstrong

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vero Beach Financial Center

    The Vero Beach Financial Center is a fully occupied office building featuring a strong tenant mix of 15 tenants. Constructed in 1972 and fully renovated in 2019 with over $1 million in recent improvements including floor finishes and paint, the building is in excellent overall condition and very well maintained. The property offers frontage and visibility along 19th Pl with tenant signage available. The tenant mix includes various service-oriented businesses such as lawyers, insurance providers, and accountants. The 41,634 square foot building can be utilized for any office or medical office use, and the owner has approved it for medical office use. The property features bus line access, a conferencing facility, signage, natural light, and air conditioning. The building generates an actual net annual income of $844,562.66, providing a stable actual cap rate of 7.3%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Skypoint Chiropractic / Vero ... Chiropractor Megtec Systems Inc Industrial Equipment Supplier Edward Jones - Financial ... Financial Consultant HR Dynamics Employment Agency Croom Construction Co Construction Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -80.3983441
    Latitude
    27.6373883

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    FAQs

    What type of property is this?
    Office building - Fully renovated office building with strong tenant mix and high occupancy.
    Where is this office building located?
    The property is located at 1201 19Th Pl Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $11,500,000.
    What are key features of this property?
    This property features: - High Actual Cap Rate: 7.3% provides a strong return on investment; - Fully Occupied with Strong Tenant Mix: 100% occupancy with 15 tenants, including service-oriented businesses; - Substantial Recent Renovations: Over $1 million in improvements completed in 2019, including floor finishes and paint
    (561) 252-0948
    Request Owner's contact information
    1201 19Th Pl 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
    1201 19Th Pl Vero Beach, FL 32960
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