Downtown Vero Beach Commercial
For Sale
$1,325,000
2025 13th Ave, Vero Beach, FL 32960
5,000 sq ft commercial space in Downtown Vero Beach.
Property Size5,000 SF
Price / SF$265
Days on Market199
Property Features for 2025 13th Ave
General Information
Standard status
Active
Size
5,000 SF
Building Details
Year Built
1950
Listing Agency:
Sanmo Realty, Inc
Listed By:
Daniel Paul Giannuzzi · License #A11980504
(305) 490-9259
Source:
Thepennteam
Added: Mar 23
Changed: Sep 26
Last Checked: Oct 6 at 12:17AM
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 Sanmo Realty, Inc
Investment Insights
Based on property information with market context.
This 5,000 sq ft commercial space is located in Downtown Vero Beach, an area known for boutique shopping, art galleries, dining, and events. The open-concept building features 16-foot ceilings. It is suited for creative businesses, showrooms, or flagship retail. The property includes a new full-impact glass storefront and 10-foot doors, designed to maximize natural light, street visibility and pedestrian access. There is public parking available. The roof has been professionally silicone-coated and comes with a 20-year warranty.
Key Highlights
- Prime Downtown Vero Beach location in a high‑traffic area
- Spacious 5,000 sq ft open‑concept layout
- Impressive 16‑foot ceilings creating a bright and airy atmosphere
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,038
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,760
$960.8K
Cap Rate 7%
$686,257
$686.3K
Cap Rate 9%
$533,756
$533.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$75.0K $15.00/SF
− Vacancy
−$6.4K −$1.28/SF
EGI
$68.6K $13.73/SF
− OpEx
−$20.6K −$4.12/SF
NOI
$48.0K $9.61/SF
Area
Indian River County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,760
Cap Rate 7%
$686,257
Cap Rate 9%
$533,756
Alternative Uses
Best Use
Retail
$686.3K
$600.5K – $800.6K
NOI $48,038 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.10M
$959.5K – $1.28M
NOI $76,757 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32960, FL
21,522
Population
11,590
Households
1.9
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
1,939
Density / Sq Mi
$52,350
Median Household Income
$30,236
Median Earnings
$1,171
Median Rent
$254,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Showroom - 5,000 sq ft commercial space in Downtown Vero Beach.
Where is this showroom located?
The property is located at 2025 13th Ave Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Prime Downtown Vero Beach location in a high‑traffic area; Spacious 5,000 sq ft open‑concept layout; Impressive 16‑foot ceilings creating a bright and airy atmosphere
