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    1245 16Th St Vero Beach, FL 32960

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    For Sale
    $999,999

    Manufacturing building with air-conditioned shop space in downtown Vero Beach.

    Lot size:
    0.48 Acres

    Property Features for 1245 16Th St

    General Information

    Lot size
    0.48 Acres

    Building Details

    Year built
    1961

    Source: Lambert Commercial Real Estate Agent Kevin Lambert

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

    Overview

    Manufacturing Building in Downtown Vero

    This manufacturing building is located in downtown Vero Beach. A Phase II ESA has been completed, revealing no conditions warranting remediation. The north building features approximately 700 square feet of office/breakroom area, approximately 4,300 square feet of air-conditioned shop space, and 1,500 square feet of un-air-conditioned space. It also includes a 12x12 rollup door and an 8x8 rollup door. The south building contains approximately 700 square feet of office space and an 1,100-square-foot work area with an 8x8 bay door. The property has 400 amp, 3-phase power. The clear ceiling height is 13.5 feet, with 15 feet to the bottom of the roof deck.
    Insight Report Location Intelligence

    Current Use by Public Records

    Southeastern Rack Co Manufacturer

    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
    -80.3961397
    Latitude
    27.6312058

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    FAQs

    What type of property is this?
    Manufacturing property - Manufacturing building with air-conditioned shop space in downtown Vero Beach.
    Where is this manufacturing property located?
    The property is located at 1245 16Th St Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: - Rare manufacturing building opportunity in downtown Vero Beach.; - Air-conditioned shop space (approx. 4,300 SF).; - 400 Amp, 3-Phase Power.
    (772) 532-1165
    Request Owner's contact information
    1245 16Th St 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
    1245 16Th St Vero Beach, FL 32960
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