Flex Space with Insulated Garage
2390 41st Street, Vero Beach, FL 32967
For Sale
New
$675,000
The two-unit configuration includes air conditioning, epoxy floors, and plumbing rough-ins for a bathroom and shower.
Property Size2,080 SF
Price / SF$324.52
Days on Market4
Property Features for 2390 41st Street
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Cliff Norris Real Estate
Listed By:
E Clifford Norris Jr. · License #685596
(772) 231-5595
Source:
Lehmannflorida
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:40AM
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 Cliff Norris 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.
Built in 2024, this 2,080-square-foot flex space combines units B3 and B4 in a 52-by-40-foot layout. Two insulated 12-by-14-foot garage doors serve the space, with front and rear man doors providing additional entry. Ceiling height can accommodate a mezzanine. Interior finishes include full-flake epoxy flooring, commercial-grade vinyl baseboards, and a single-color paint scheme across the joists, walls, ceiling, and trusses.
Building systems include 5-ton air conditioning, a 3-100-amp electrical panel, internet, and motorized fresh-air and exhaust dampers. Wall-mounted sensors monitor CO2, NO2, and flammable vapor. Plumbing rough-ins are in place for a bathroom and shower, and the property is zoned Commercial.
Building systems include 5-ton air conditioning, a 3-100-amp electrical panel, internet, and motorized fresh-air and exhaust dampers. Wall-mounted sensors monitor CO2, NO2, and flammable vapor. Plumbing rough-ins are in place for a bathroom and shower, and the property is zoned Commercial.
Key Highlights
- Two‑unit space comprising units B3 and B4, measuring 2,080 square feet
- 52‑by‑40‑foot layout with two insulated 12'x14' garage doors
- Built in 2024; ceiling height can accommodate a mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,675
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,500
$593.5K
Cap Rate 7%
$423,929
$423.9K
Cap Rate 9%
$329,722
$329.7K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$48.7K $23.40/SF
− Vacancy
−$3.0K −$1.45/SF
EGI
$45.7K $21.95/SF
− OpEx
−$16.0K −$7.68/SF
NOI
$29.7K $14.27/SF
Area
Indian River County, FL
Vacancy
6.20%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,500
Cap Rate 7%
$423,929
Cap Rate 9%
$329,722
Alternative Uses
Best Use
Flex RnD
$423.9K
$370.9K – $494.6K
NOI $29,675 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$177.5K
$155.3K – $207.1K
NOI $12,423 @ 7.0% cap · market cap 1.84%
Theoretical Best
Specialty Retail
$456.2K
$399.1K – $532.2K
NOI $31,931 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32967, FL
25,785
Population
12,358
Households
2.1
Avg Household Size
50
Median Age
35%
College-Educated
91%
High-School Grad
40.0 sq mi
ZIP Area
645
Density / Sq Mi
$73,875
Median Household Income
$38,156
Median Earnings
$1,425
Median Rent
$394,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Vero Beach, FL
Properties on Market for Flex space in Vero Beach
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- ace's & King's Mobile Restaurant and Gaming Bar LLC — 4120 32nd Ave, Vero Beach, FL 32967
- Two Chicks and a Pot Catering - Satellite Office — 4333 US-1, Vero Beach, FL 32967
Frequently Asked Questions
What type of property is this?
Flex space - The two-unit configuration includes air conditioning, epoxy floors, and plumbing rough-ins for a bathroom and shower.
Where is this flex space located?
The property is located at 2390 41st Street Vero Beach, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑unit space comprising units B3 and B4, measuring 2,080 square feet; 52‑by‑40‑foot layout with two insulated 12'x14' garage doors; Built in 2024; ceiling height can accommodate a mezzanine
