Two Buildings on State
For Sale
$475,000
1925 20th Street, Vero Beach, FL 32960
Two free-standing buildings with land and great visibility.
Property Size1,260 SF
Price / SF$290.70
Days on Market166
Property Features for 1925 20th Street
General Information
Standard status
Active
Size
1,260 SF
Total Parking Spaces
6
Zoning
Mix U Stores
Taxes and HOA fees
Annual Taxes
$2,616
Building Details
Building Size
1,260 SF
Year Built
1984
Buildings
2
Stories
1
Listing Agency:
ML Executive Realty Inc
Listed By:
Marie A Lesme
(772) 569-6956
Source:
Laerrealty
Added: Apr 24
Changed: Sep 30
Last Checked: Oct 5 at 3:50PM
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 ML Executive Realty Inc
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
Estimated NOI and Cap Rate
NOI / Yr
$17,485
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,700
$349.7K
Cap Rate 7%
$249,786
$249.8K
Cap Rate 9%
$194,278
$194.3K
Market Conditions
NOI Build-Up for 1,634 SF
Gross rent
$28.4K $17.40/SF
− Vacancy
−$5.1K −$3.13/SF
EGI
$23.3K $14.27/SF
− OpEx
−$5.8K −$3.57/SF
NOI
$17.5K $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%
$349,700
Cap Rate 7%
$249,786
Cap Rate 9%
$194,278
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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,757
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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 Street 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
