First-Floor Office
For Sale
Contact for pricing
1766 20th Avenue # 2, Vero Beach, FL 32960
A private office, reception and waiting area, bathroom, and adaptable open workspace are included.
Property Size2,096 SF
Price / SF$1.15
Days on Market84
Property Features for 1766 20th Avenue # 2
General Information
Standard status
Active
Size
2,096 SF
Property subtype
Office
Additional Details
Floor
First Floor
Office Units
1
Property Use
Professional Office
Taxes and HOA fees
Annual Taxes
$5,738
Amenities
private bathroom
Building Details
Building Size
2,096 SF
Year Built
1990
Listing Agency:
Treasure Coast Realty Group
Listed By:
Indira Ceville · License #3461262
(772) 209-4575
Source:
Rennyrealty
Added: Aug 12
Changed: Oct 31
Last Checked: Oct 31 at 3:18AM
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 Treasure Coast Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor professional office suite was built in 1990 and combines a private office and bathroom with a reception and waiting area. An open work area provides additional space for a range of configurations, including offices, workstations, meeting space, classrooms, or collaborative use.
Vero Beach High School and Vero Beach Middle School are within walking distance. Potential professional applications include legal, accounting, tutoring, consulting, and home health services, subject to landlord approval and applicable zoning and licensing requirements.
Vero Beach High School and Vero Beach Middle School are within walking distance. Potential professional applications include legal, accounting, tutoring, consulting, and home health services, subject to landlord approval and applicable zoning and licensing requirements.
Key Highlights
- First‑floor professional office suite
- Private office, bathroom, reception and waiting area
- Open area can accommodate offices, workstations, meetings, classrooms, or collaborative workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,429
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,580
$448.6K
Cap Rate 7%
$320,414
$320.4K
Cap Rate 9%
$249,211
$249.2K
Market Conditions
NOI Build-Up for 2,096 SF
Gross rent
$36.5K $17.40/SF
− Vacancy
−$6.6K −$3.13/SF
EGI
$29.9K $14.27/SF
− OpEx
−$7.5K −$3.57/SF
NOI
$22.4K $10.70/SF
Area
Indian River County, FL
Vacancy
18.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,580
Cap Rate 7%
$320,414
Cap Rate 9%
$249,211
Alternative Uses
Best Use
Office B
$320.4K
$280.4K – $373.8K
NOI $22,429 @ 7.0% cap · market cap 934.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$459.7K
$402.2K – $536.3K
NOI $32,176 @ 7.0% cap · market cap 1,340.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A private office, reception and waiting area, bathroom, and adaptable open workspace are included.
Where is this office unit located?
The property is located at 1766 20th Avenue # 2 Vero Beach, FL.
What are key features of this property?
This property features: First‑floor professional office suite; Private office, bathroom, reception and waiting area; Open area can accommodate offices, workstations, meetings, classrooms, or collaborative workspace
