Historic Mixed-Use
For Sale
$1,395,000
1443 19th Place, Vero Beach, FL 32960
A restored downtown property combines guest lodging, an apartment, commercial space, and a separate studio.
Property Size4,873 SF
Price / SF$286.27
Days on Market143
Property Features for 1443 19th Place
General Information
Standard status
Active
Size
4,873 SF
Total Parking Spaces
10
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Mixed-Use Components
hospitality, residential, retail, commercial
Taxes and HOA fees
Annual Taxes
$7,526
Amenities
communal kitchen
wraparound porch
Building Details
Building Size
4,873 SF
Year Built
1918
Year Renovated
2022
Buildings
2
Listing Agency:
Ohana Real Estate Co.
Listed By:
Allen A Kavanaugh · License #3609798
(772) 538-6864
Source:
Rennyrealty
Added: Jun 13
Changed: Oct 31
Last Checked: Oct 31 at 3:33AM
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 Ohana Real Estate Co.
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Investment Insights
Based on property information with market context.
Dating to 1918, this 4,873-square-foot mixed-use property in downtown Vero Beach was renovated in 2022. Its eight guest accommodations include three en-suite rooms, alongside a communal kitchen and a two-bedroom, one-bath apartment. A 400-square-foot commercial area opens onto a wraparound porch, while a detached 900-square-foot studio adds a separate, improved space with a full bathroom and washer and dryer connections.
The property includes dedicated parking for 10 vehicles and sits in downtown Vero Beach. Retail, gallery, café, and event uses are identified for the commercial area; the studio may also serve as an office, guest cottage, or rental space. Improvements include a new roof, second-floor impact-resistant windows, updated electrical and HVAC systems, and hardwood flooring.
The property includes dedicated parking for 10 vehicles and sits in downtown Vero Beach. Retail, gallery, café, and event uses are identified for the commercial area; the studio may also serve as an office, guest cottage, or rental space. Improvements include a new roof, second-floor impact-resistant windows, updated electrical and HVAC systems, and hardwood flooring.
Key Highlights
- 1918‑built property with 4,873 square feet; renovated in 2022
- Eight guest accommodations, including three en‑suite rooms
- Two‑bedroom, one‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,626
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,520
$1.1M
Cap Rate 7%
$780,371
$780.4K
Cap Rate 9%
$606,956
$607.0K
Market Conditions
NOI Build-Up for 4,873 SF
Gross rent
$97.7K $20.04/SF
− Vacancy
−$10.3K −$2.10/SF
EGI
$87.4K $17.94/SF
− OpEx
−$32.8K −$6.73/SF
NOI
$54.6K $11.21/SF
Area
Indian River County, FL
Vacancy
10.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,520
Cap Rate 7%
$780,371
Cap Rate 9%
$606,956
Alternative Uses
Best Use
Mixed Use
$780.4K
$682.8K – $910.4K
NOI $54,626 @ 7.0% cap · market cap 3.92%
Second Best
Retail
$668.8K
$585.2K – $780.3K
NOI $46,817 @ 7.0% cap · market cap 3.36%
Theoretical Best
Specialty Retail
$1.07M
$935.1K – $1.25M
NOI $74,807 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,284
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
7,166 visits/mo
0.3 miles
PNC Bank
Shops & Services
6,335 visits/mo
0.4 miles
Citgo
Shops & Services
3,215 visits/mo
0.3 miles
Mobil
Shops & Services
2,915 visits/mo
0.4 miles
Firestone Complete Auto Care
Shops & Services
2,241 visits/mo
0.1 miles
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - A restored downtown property combines guest lodging, an apartment, commercial space, and a separate studio.
Where is this mixed-use property located?
The property is located at 1443 19th Place Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 1918‑built property with 4,873 square feet; renovated in 2022; Eight guest accommodations, including three en‑suite rooms; Two‑bedroom, one‑bath apartment
