Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2230 12Th Ave Vero Beach, FL 32960

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr

    Air-conditioned storage condo in a gated, well-maintained facility.

    Property Features for 2230 12Th Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    David Stephens
    David Stephens
    Source: Crexi

    Listing Agency: Lambert Commercial Real Estate Inc Listing Agent: David Stephens

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

    Learn more

    Overview

    Secure Storage Condo in Vero

    This commercial condo, constructed in 2007, is designed for private, secure storage. Located in a prime central location, the property features high security with a gated entry. The unit, designated S-15, offers 400 square feet of space. Constructed with concrete block, the facility is fully insulated and air-conditioned. It includes a large garage bay door. The property is zoned M (Industrial) and has access to FPL (Electric) and city water.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Boxwood Storage, Get Organized VB LLC, CubeSmart Self Storage, Life Storage - Vero Beach, Mini U Storage

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3966428
    Latitude
    27.641334

    Nearby Similar for Lease

    • $2,000 /Mo
      712 SF

      Vero Beach Office Suite

      Two-room office suite with private bath and separate entrance.
      4560 Us Highway 1, Vero Beach, FL 32967
      View Details
    • $7,500 /Mo
      3,168 SF

      Vero Beach Medical/Office Space

      Freestanding medical/office space available for lease in Vero Beach.
      3660 20Th St, Vero Beach, FL 32960
      View Details
    • $12 SF/Yr

      Vero Beach Warehouse with Loading

      14,000 SF warehouse with loading docks and ample parking.
      925 SW 74Th Ave SW, Vero Beach, FL 32968
      View Details
    • Sponsored
      Contact for pricing

      Miracle Mile Plaza

      Discover many ways to work your way in Miracle Mile Plaza
      601 21St St, Vero Beach, FL 32960
      View Details
    • $525 /Mo
      120 SF

      Executive Office in Vero Beach

      One-room executive office space available for lease in Vero Beach.
      1890 82Nd Ave, Vero Beach, FL 32966
      View Details
    • $18 SF/Yr
      3,600 SF

      Vero Beach Retail Space Available

      3,600 SF retail space with modern design for lease.
      1880 82Nd Ave, Vero Beach, FL 32966
      View Details
    • Contact for pricing

      Vero Beach Retail Space Available

      Prime retail space with highway frontage in Vero Beach.
      1610 Us Highway 1, Vero Beach, FL 32960
      View Details
    • $1,000 /Mo

      Professional Suites in Vero Beach

      Flexible office suites in Vero's thriving medical hub.
      3755 7Th St, Vero Beach, FL 32960
      View Details
    • $1,200 /Mo

      Professional Suites in Vero Beach

      Flexible office suites in Vero's thriving medical hub.
      3755 7Th St, Vero Beach, FL 32960
      View Details
    • $600 /Mo

      Professional Suites in Medical Hub

      Professional suites available in Vero's thriving medical hub.
      3755 7Th St, Vero Beach, FL 32960
      View Details
    • $45 SF/Yr

      Premier Medical Space for Lease

      Modern medical space designed for efficiency and patient care.
      1360 36Th St, Vero Beach, FL 32960
      View Details
    • $1,200 /Mo

      Professional Suites in Vero Beach

      Flexible office suites in Vero's thriving medical hub.
      3755 7Th St, Vero Beach, FL 32960
      View Details

    FAQs

    What type of property is this?
    Warehouse - Air-conditioned storage condo in a gated, well-maintained facility.
    Where is this warehouse located?
    The property is located at 2230 12Th Ave Vero Beach, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - High security with gated entry; - Fully insulated and air conditioned for year-round comfort; - Prime central location
    (407) 694-6562
    Request Owner's contact information
    2230 12Th Ave Vero Beach, FL 32960
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2230 12Th Ave
    Vero Beach, FL 32960
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2230 12Th Ave Vero Beach, FL 32960
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Stephens
    David Stephens
    Real Estate License ID: BK3464341
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!