Stand Alone Office
148 Vista Royale Boulevard Vero Beach, FL 32962
148 Vista Royale Boulevard, Vero Beach, FL, 32962
$899,900
For Sale
$899,900
Charming office building with tenant in place until 2027.
Property Size2,950 SF
Lot Size0.59 Acres
Price / SF$305.05
Days on Market863
Property Features for 148 Vista Royale Boulevard
General Information
- Standard status
- Active
- Size
- 2,950 SF
- Lot size
- 0.59 Acres
- Property subtype
- OFC
Building Details
- Year Built
- 1989
Listing Agency
KW Commercial | Jupiter
(561) 398-5584
Listed by
Jim Read · License #BK448938,FLORIDA
(561) 398-5584
Source
Realnex
Added: Mar 6, 2024 Checked: Jul 10 at 1:02 pm
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 KW Commercial | Jupiter
Investment Insights
Based on property information with market context.
This stand-alone office building is situated on 0.59 acres. A tenant currently occupies 2950 square feet of the building, paying $18.50 per square foot, which amounts to $47,915 annually. The lease is active until 2027. The property is suitable for investors or owner-users who require approximately 1200 square feet and can generate income until the current lease concludes. The seller is open to providing 40% financing, contingent on receiving 60% to cover the existing mortgage balance. Additionally, the owner of the adjacent vacant land is willing to sell a portion of their 1+ acre property to provide additional parking space.
Key Highlights
- Stand‑alone office building
- Tenant in place providing immediate income: $18.50 PSF for 2950 SF, generating $47,915 annually
- Ideal for owner‑user: Occupy 1200 SF while earning income from existing tenant until 2027
Local Financial Insights For Office B
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 | $51.3k | $17.40 |
| − Vacancy | −$9.2k | −$3.13 |
| EGI | $42.1k | $14.27 |
| − OpEx | −$10.5k | −$3.57 |
| NOI | $31.6k | $10.70 |
2,950 SF · lease $17.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$451.0K
$394.6K – $526.1K
NOI $31,568 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$646.9K
$566.1K – $754.8K
NOI $45,286 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
talk2me 2-way digital ...
Telecommunications Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Charming office building with tenant in place until 2027.
Where is this office building located?
The property is located at 148 Vista Royale Boulevard Vero Beach, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Stand‑alone office building; Tenant in place providing immediate income: $18.50 PSF for 2950 SF, generating $47,915 annually; Ideal for owner‑user: Occupy 1200 SF while earning income from existing tenant until 2027
