Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Secure Storage Condo in Vero Title is generated by Realmo AI

    2230 12th Ave, Vero Beach, FL 32960

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Air-conditioned storage condo in a gated, well-maintained facility.

    Type:Industrial
    Property size:
    400 SF
    Added:
    Apr 11, 2025
    Days on Market:
    398
    Last Refresh:
    Mar 20 at 8:09 pm

    Property Features for 2230 12th Ave

    General Information

    Standard status
    Active
    Size
    400 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    David Stephens
    David Stephens

    Listing agent David Stephens License #BK 3464341

    Listing office Lambert Commercial Real Estate Inc

    Listing date Apr 11, 2025

    Source Crexi

    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 Inc

    HighLights

    • High security with gated entry
    • Fully insulated and air conditioned for year‑round comfort
    • Prime central location
    • Concrete block construction ensures durability
    • Large garage bay door offers easy access
    • Well maintained facility

    Overview

    This commercial condo, constructed in 2007, is designed for private, secure storage. Located in a prime central location, the property features high security with a gated entry. The unit, designated S-15, offers 400 square feet of space. Constructed with concrete block, the facility is fully insulated and air-conditioned. It includes a large garage bay door. The property is zoned M (Industrial) and has access to FPL (Electric) and city water.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Boxwood Storage — Storage Units, 1238 16th St, Vero Beach, FL 32960
    • Get Organized VB LLC — 790 15th Pl, Vero Beach, FL 32960
    • CubeSmart Self Storage — 901 20th St, Vero Beach, FL 32960
    • Life Storage - Vero Beach — 1655 10th Ave, Vero Beach, FL 32960
    • Mini U Storage — 750 16th St, Vero Beach, FL 32960

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3966428
    Latitude
    27.641334

    Nearby Similar for Lease

    • $2,000/Mo

      Vero Beach Office Suite

      Two-room office suite available for rent in Vero Beach.
      4560 Us Highway 1, Vero Beach, FL 32967
      View Details
    • $7,500/Mo

      Vero Beach Commercial Space

      Commercial space suitable for medical or office use in Vero Beach.
      3660 20th Street, Vero Beach, FL 32960
      View Details
    • $12 SF/Yr

      Vero Beach Warehouse with Loading

      14,000 SF warehouse with loading docks and ample parking.
      925 SW 74th Ave SW, Vero Beach, FL 32968
      View Details
    • $24 SF/Yr

      Vero Beach Commercial Lease Opportunity

      Multi-site commercial lease in Vero Beach's growing corridor.
      816 SW 11th Dr Drive SW, Vero Beach, FL 32962
      View Details
    • $31 SF/Yr

      Vero Beach Commercial Space

      Renovated 2,640 SF space near I-95 in Vero Beach.
      8801 20 Street, Vero Beach, FL 32966
      View Details
    • $18 SF/Yr

      Vero Beach Retail Space Available

      3,600 SF retail space with modern design for lease.
      1880 82nd Avenue, Vero Beach, FL 32966
      View Details
    • $24 SF/Yr

      Vero Beach Commercial Corridor Lease

      Strategically located commercial property in Vero Beach, Florida.
      806 SW 11th Dr Drive SW, Vero Beach, FL 32962
      View Details
    • Contact for pricing

      Versatile Commercial Space For Lease

      5,000 SF open space suitable for retail, medical, or restaurant.
      1635 14 Ave, Vero Beach, FL 32960
      View Details
    • $18 SF/Yr

      COMMERCIAL - Vero Beach, FL

      1635 14 Avenue, Vero Beach, FL 32960
      View Details
    • $24 SF/Yr

      Vero Beach Flex Space Available

      Multi-site opportunity in Vero Beach's growing commercial corridor.
      816 SW 11th Dr Dr SW, Vero Beach, FL 32962
      View Details
    • $2,000/Mo

      Office Suite on US 1

      Two-room office suite with private entrance and parking.
      4560 Us Highway 1, Vero Beach, FL 32967
      View Details
    • Sponsored
      Contact for pricing

      Miracle Mile Plaza

      601 21St St, Unit 300, Vero Beach, FL 32960
      View Details

    FAQs

    What type of property is this?
    Warehouse - Air-conditioned storage condo in a gated, well-maintained facility.
    Where is this warehouse located?
    The property is located at 2230 12th Ave Vero Beach, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High security with gated entry; Fully insulated and air conditioned for year‑round comfort; Prime central location
    (407) 694-6562 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Stephens
    David Stephens
    Real Estate License ID: BK 3464341
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2230 12th Ave, Vero Beach, FL 32960
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!