Stand-Alone Retail
For Sale
$1,300,000
721 Us Highway 1 Vero Beach, Vero Beach, FL 32962
Single-story retail building with over 200 feet of corner frontage and ample onsite parking.
Property Size5,261 SF
Price / SF$247.10
Days on Market40
Property Features for 721 Us Highway 1 Vero Beach
General Information
Standard status
Active
Size
5,261 SF
Zoning
, CG
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Carpet
true
1
1/4 to 1/2 Acre Lot
Public
0.44
19166
5261
Building Details
Building Size
5,261 SF
Year Built
1950
Stories
1
Listing Agency:
THE REAL ESTATE COLLECTION LLC
(407) 656-7814
Listed By:
Elizabeth "Suzette" Ray · License #3121297
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 12
Changed: Aug 20
Last Checked: Aug 20 at 4:10AM
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 THE REAL ESTATE COLLECTION LLC
Investment Insights
Based on property information with market context.
This stand-alone, single-story retail building offers a flexible interior configuration for retail use. The property provides ample onsite parking to support customer access.
Located on US Highway 1, the building features over 200 feet of corner frontage, creating prominent visibility along the corridor. Public remarks also note signage opportunities along US Hwy 1.
Centrally located, the property is described as having easy access to downtown and the beach, supporting retail-focused convenience for customers.
Located on US Highway 1, the building features over 200 feet of corner frontage, creating prominent visibility along the corridor. Public remarks also note signage opportunities along US Hwy 1.
Centrally located, the property is described as having easy access to downtown and the beach, supporting retail-focused convenience for customers.
Key Highlights
- Single‑story stand‑alone retail building with a total building area of 5,261 SF
- Over 200 ft of corner frontage on US‑1 with prominent signage opportunities
- 0.44‑acre (19,166) lot with ample onsite parking for a retail user
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,545
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,010,900
$1.0M
Cap Rate 7%
$722,071
$722.1K
Cap Rate 9%
$561,611
$561.6K
Market Conditions
NOI Build-Up for 5,261 SF
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.
Gross rent
$78.9K $15.00/SF
− Vacancy
−$6.7K −$1.28/SF
EGI
$72.2K $13.73/SF
− OpEx
−$21.7K −$4.12/SF
NOI
$50.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,010,900
Cap Rate 7%
$722,071
Cap Rate 9%
$561,611
Alternative Uses
Best Use
Retail
$722.1K
$631.8K – $842.4K
NOI $50,545 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.35M
NOI $80,763 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
MIDFLORIDA Credit Union
Shops & Services
6,464 visits/mo
0.4 miles
Kwik Stop
Shops & Services
1,106 visits/mo
0.3 miles
Demographics for 32962, FL
26,011
Population
12,705
Households
2
Avg Household Size
49
Median Age
25%
College-Educated
90%
High-School Grad
12.5 sq mi
ZIP Area
2,081
Density / Sq Mi
$65,137
Median Household Income
$32,617
Median Earnings
$1,184
Median Rent
$247,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-story retail building with over 200 feet of corner frontage and ample onsite parking.
Where is this storefront property located?
The property is located at 721 Us Highway 1 Vero Beach Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Single‑story stand‑alone retail building with a total building area of 5,261 SF; Over 200 ft of corner frontage on US‑1 with prominent signage opportunities; 0.44‑acre (19,166) lot with ample onsite parking for a retail user
