Manufacturing Building in Downtown
1245 16th St Vero Beach, FL 32960
1245 16th St, Vero Beach, FL, 32960
$999,999
Pending
For Sale
$999,999
Pending
Manufacturing building with air-conditioned shop space in downtown Vero Beach.
Property Size8,300 SF
Lot Size0.48 Acres
Days on Market130
Property Features for 1245 16th St
General Information
- Standard status
- Pending
- Size
- 8,300 SF
- Lot size
- 0.48 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1961
Listing Agency
Lambert Commercial Real Estate
(772) 532-1165
Listed by
Kevin Lambert · License #BK3327845
(772) 532-1165
Source
Elliman
Added: Mar 12 Checked: Jul 19 at 6:08 am
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 Lambert Commercial Real Estate
Investment Insights
Based on property information with market context.
This property presents a rare opportunity to purchase a manufacturing building 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, with a 12x12 rollup door and an 8x8 rollup door. The south building includes approximately 700 square feet of office space and an 1,100-square-foot work area with an 8x8 bay door. The building has 400 amp, 3-phase power and a 13.5-foot clear ceiling height, with 15 feet to the bottom of the roof deck.
Key Highlights
- Rare manufacturing building opportunity in downtown Vero Beach.
- Air‑conditioned shop space available in the North Building.
- 400 Amp, 3‑Phase Power ready for your equipment.
Local Financial Insights For Industrial
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 | $74.7k | $9.00 |
| − Vacancy | −$3.9k | −$0.47 |
| EGI | $70.8k | $8.53 |
| − OpEx | −$21.2k | −$2.56 |
| NOI | $49.6k | $5.97 |
8,300 SF · lease $9.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$708.2K
$619.6K – $826.2K
NOI $49,571 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,416 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Southeastern Rack Co
Industrial Manufacturer
Similar For Sale Nearby
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 available in the North Building.; 400 Amp, 3‑Phase Power ready for your equipment.
