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    685 Us Highway 1 Vero Beach, FL 32962

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    For Sale
    $1,200,000

    3,474 SF retail building with high traffic volume.

    Property size:
    3,474 SF
    Lot size:
    0.53 Acres

    Property Features for 685 Us Highway 1

    General Information

    Size
    3,474 SF
    Lot size
    0.53 Acres

    Source: Mills Commercial Real Estate Group LLC Agent Bill Mills

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

    Overview

    Retail Building on US HWY 1

    This 3,474 square foot building is located on US HWY 1 in Vero Beach, Florida. The location benefits from a traffic volume of 30,000 vehicles per day. The lessee terms include a 5-year lease with an option for an additional 5 years, featuring a 4% annual increase.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -80.3874426
    Latitude
    27.6142353

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    FAQs

    What type of property is this?
    Retail space - 3,474 SF retail building with high traffic volume.
    Where is this retail space located?
    The property is located at 685 Us Highway 1 Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Located on US HWY 1 with high traffic volume (30,000 per day).; - Building size: 3,474 SF.; - Lessee terms: 5-year lease with a 5-year option.
    (772) 562-0018
    Request Owner's contact information
    685 Us Highway 1 Vero Beach, FL 32962
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    Vero Beach, FL 32962
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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
    685 Us Highway 1 Vero Beach, FL 32962
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