For Sale
$4,400,000
Pending
2101 14th Avenue, Vero Beach, FL 32960
Mixed-use properties
Property Size25,670 SF
Days on Market238
Property Features for 2101 14th Avenue
General Information
Standard status
Pending
Size
25,670 SF
Zoning
, DTW
Net Operating Income
$348,960
Amenities
Central Air, Window Unit(s)
Central
Building Details
Building Size
25,670 SF
Year Built
1925
Stories
2
Listing Agency:
Lambert Commercial Real Estate
Listed By:
Kevin Lambert · License #BK3327845
(772) 532-1165
Source:
Evrealestate
Added: Mar 1
Changed: Oct 25
Last Checked: Oct 24 at 5:01PM
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 Lambert Commercial Real Estate
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.
Key Highlights
- Landmark mixed‑use property with 23 residential and 10 commercial units.
- Aggressively maintained historic building.
- Numerous residential units refurbished in the past three years with HVAC replacement, fixture updates, and kitchen/restroom upgrades.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$287,757
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,755,140
$5.8M
Cap Rate 7%
$4,110,814
$4.1M
Cap Rate 9%
$3,197,300
$3.2M
Market Conditions
NOI Build-Up for 25,670 SF
Gross rent
$514.4K $20.04/SF
− Vacancy
−$54.0K −$2.10/SF
EGI
$460.4K $17.94/SF
− OpEx
−$172.7K −$6.73/SF
NOI
$287.8K $11.21/SF
Area
Indian River County, FL
Vacancy
10.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,755,140
Cap Rate 7%
$4,110,814
Cap Rate 9%
$3,197,300
Alternative Uses
Best Use
Mixed Use
$4.11M
$3.60M – $4.80M
NOI $287,757 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$3.91M
$3.42M – $4.56M
NOI $273,617 @ 7.0% cap · market cap 6.22%
Theoretical Best
Specialty Retail
$5.63M
$4.93M – $6.57M
NOI $394,068 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,097
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 2101 14th Avenue Vero Beach, FL.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Landmark mixed‑use property with 23 residential and 10 commercial units.; Aggressively maintained historic building.; Numerous residential units refurbished in the past three years with HVAC replacement, fixture updates, and kitchen/restroom upgrades.
