Warehouse Unit with Electric Garage
2420 41st Street, Vero Beach, FL 32967
For Sale
New
$239,000
A new warehouse unit includes plumbing rough-ins for a bathroom and shower.
Property Size880 SF
Price / SF$271.59
Days on Market4
Property Features for 2420 41st Street
General Information
Standard status
Size
Total Parking Spaces
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Exhaust Fan, None
None, Exhaust Fan
Building Details
Building Size
Year Built
Stories
Listing Agency:
Cliff Norris Real Estate
Listed By:
E Clifford Norris Jr. · License #685596
(772) 231-5595
Source:
Evrealestate
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:39AM
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 2023, this 880-square-foot warehouse unit measures 22 by 40 feet and has 12-by-12-foot electric garage doors. Plumbing is in place for a future bathroom and shower, providing a defined path for adding those fixtures.
Key Highlights
- 880‑square‑foot warehouse unit, measuring 22 by 40 feet
- 12‑by‑12‑foot electric garage doors
- Plumbed for a bathroom and shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,092
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,840
$141.8K
Cap Rate 7%
$101,314
$101.3K
Cap Rate 9%
$78,800
$78.8K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$8.8K $9.96/SF
− Vacancy
−$421 −$0.48/SF
EGI
$8.3K $9.48/SF
− OpEx
−$1.3K −$1.42/SF
NOI
$7.1K $8.06/SF
Area
Indian River County, FL
Vacancy
4.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,840
Cap Rate 7%
$101,314
Cap Rate 9%
$78,800
Alternative Uses
Best Use
Warehouse
$101.3K
$88.7K – $118.2K
NOI $7,092 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$193.0K
$168.9K – $225.2K
NOI $13,509 @ 7.0% cap · market cap 5.65%
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 Warehouses in Vero Beach, FL
Properties on Market for Warehouses in Vero Beach
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Extra Space Storage — 2380 47th St, Vero Beach, FL 32967
Frequently Asked Questions
What type of property is this?
Warehouse - A new warehouse unit includes plumbing rough-ins for a bathroom and shower.
Where is this warehouse located?
The property is located at 2420 41st Street Vero Beach, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 880‑square‑foot warehouse unit, measuring 22 by 40 feet; 12‑by‑12‑foot electric garage doors; Plumbed for a bathroom and shower
