Vero Beach Freestanding Office
1708 21st Street Vero Beach, FL 32960
1708 21st Street, Vero Beach, FL, 32960
$2,199,000
For Sale
Under Contract
$2,199,000
SINGLE_FAMILY - Vero Beach, FL
Property Size8,802 SF
Lot Size0.43 Acres
Price / SF$249.83
Days on Market103
Property Features for 1708 21st Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- , DTW
- Interior features
- Elevator
- Exterior features
- SprinklerIrrigation
- Accessibility
- Accessible Elevator Installed
- Standard status
- Active Under Contract
- APN
- 33390200001038000006.0
- Size
- 8,802 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Description
- VERO BEACH,CITY OF ORIGINAL TOWN BLK 38 LOTS 6 & 7 PBS 2-12
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 2
- Flooring type
- Tile, Terrazzo, Carpet
- Building materials
- Block, Frame, Concrete, Steel
- Roof type
- Metal
Listing Agency
Alex MacWilliam, Inc.
(772) 231-6509
2901 Ocean Dr, Vero Beach, FL
Listed by
T.P. Kennedy · License #3377487
(772) 473-2521
Added: Apr 6 Checked: Jul 17 at 9:06 pm
MLS# 296656
Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This iconic, recognizable freestanding office building is positioned in downtown Vero Beach on a 0.43-acre corner lot within the redevelopment district, near the courthouse and business corridor. The two-story property has +/-8,802 SF and is elevator-served. Currently single-tenant, it could be divided into 2-3 tenant spaces. The property includes a +/-600 SF detached storage/garage, covered and uncovered parking, block and frame construction, a standing seam metal roof, and irrigation/well. The layout is flexible with strong visibility, ideal for professional, legal, financial, medical, service, or boutique commercial use.
Key Highlights
- Prime downtown Vero Beach location in the redevelopment district
- Freestanding, iconic, and highly visible office building on a 0.43‑acre corner lot
- +/- 8,802 SF two‑story building with elevator access and flexible layout
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 | $153.2k | $17.40 |
| − Vacancy | −$27.6k | −$3.13 |
| EGI | $125.6k | $14.27 |
| − OpEx | −$31.4k | −$3.57 |
| NOI | $94.2k | $10.70 |
8,802 SF · lease $17.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,190 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $135,122 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Carter Associates, Inc., ...
Civil Engineer
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building in downtown Vero Beach redevelopment district.
Where is this office building located?
The property is located at 1708 21st Street Vero Beach, FL.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Prime downtown Vero Beach location in the redevelopment district; Freestanding, iconic, and highly visible office building on a 0.43‑acre corner lot; +/- 8,802 SF two‑story building with elevator access and flexible layout
