1615 14th Ave, Vero Beach, FL 32960
36,545 sq ft mixed-use complex in Vero Beach.
- Added:
- Mar 11, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 2 at 7:55 am
Property Features for 1615 14th Ave
General Information
- Standard status
- Active
- Size
- 36,545 SF
- Lot size
- 2.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing office Alex MacWilliam, Inc. Real Estate (772) 473-2521
Listing date Mar 11, 2026
Source Elliman
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 Alex MacWilliam, Inc. Real Estate
HighLights
- Prime 36,545 sq ft mixed‑use commercial complex.
- Diverse tenant mix includes 12 residential apartments, retail, office, restaurants, and medical spaces.
- High‑traffic location in Vero Beach with excellent road frontage.
- Recent 2023 roof and ongoing upgrades.
- Ample parking available.
- Equipped with elevator and fire sprinklers.
Overview
Local Financial Insights For Mixed Use
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 | $732.4k | $20.04 |
| − Vacancy | −$76.9k | −$2.10 |
| EGI | $655.5k | $17.94 |
| − OpEx | −$245.8k | −$6.73 |
| NOI | $409.7k | $11.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3993
- Latitude
- 27.6319
