Two Buildings on State
1925 20th St Vero Beach, FL 32960
For Sale
$475,000
Two free-standing buildings with land and great visibility.
Property Size1,634 SF
Price / SF$290.70
Days on Market97
Property Features for 1925 20th St
General Information
Standard status
Active
Size
1,634 SF
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
(772) 708-4909
Listed By:
Monette Lesme
(772) 708-4909
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 12:12PM
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 Monette Lesme
Investment Insights
Based on property information with market context.
Two free-standing buildings with land are available along State Road 60, offering great visibility and front and rear access. The first building provides 1260 square feet of space, while the second building offers 450 square feet. The property includes six private offices and two bathrooms. It is conveniently located close to restaurants, shopping, and downtown Vero Beach. According to tax records, the primary building has 1260 square feet under air and a total area of 1634 square feet.
Key Highlights
- Two free‑standing buildings on one property
- High visibility location on State Road 60
- Front and rear access to the property
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 | $28.4k | $17.40 |
| − Vacancy | −$5.1k | −$3.13 |
| EGI | $23.3k | $14.27 |
| − OpEx | −$5.8k | −$3.57 |
| NOI | $17.5k | $10.70 |
1,634 SF · lease $17.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$249.8K
$218.6K – $291.4K
NOI $17,485 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$358.3K
$313.6K – $418.1K
NOI $25,084 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two free-standing buildings with land and great visibility.
Where is this office units located?
The property is located at 1925 20th St Vero Beach, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two free‑standing buildings on one property; High visibility location on State Road 60; Front and rear access to the property
