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Property profile & analytics
OFF-MARKET Estimated value $1,850,000
Medical Office Space

2750 Indian Riv Blvd Vero Beach, FL 32960-5225

9,217 SF 0.69 ac lot Built 1985
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US18-0510441
Property summary
AI-generated overview

This exceptional Vero Beach office building, constructed in 1994, offers two available suites ideal for medical or traditional office use. The building boasts a total of 16,428 square feet across three stories and is classified as Class B. One suite, located on the ground floor of the south building, comprises 7,000 square feet and is ready for immediate occupancy. This space is highly adaptable and could suit a variety of office configurations. The second available suite, situated on the third floor of the north building, offers 3,454 square feet of existing medical space. This area is already equipped with eight exam rooms, three offices, a reception area, two restrooms, and a lobby, making it perfect for a medical practice. The building features excellent signage, a large parking lot including private covered parking, and a portico. The south building's first floor is currently configured as an administrative floor with a large reception and sales area, offices, a conference room, records storage, a full kitchen, and a breakroom. The property benefits from its proximity to a hospital (less than two miles away) and high traffic volume, with 37,655 vehicles passing daily (2020 data). Utilities include city water and sewer, and electricity is provided by FPL. The building is zoned (C-1B) General Commercial Trades & Services. The lease rate is $32.00 per square foot gross, plus sales tax and utilities.

Property profile
Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,217 SF
Lot 0.69 ac (30,056 SF)
Zoning code C-1B
APN 32-39-36-00010-0000-00001.2
UPID US18-0510441
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Deborah L. Riddle, CRNA Physician
  • Aesthetics Center of The Florida Eye Institute Medical Clinic Skin Care Clinic
  • James Belville Ophthalmologist
  • Dr. John Zudans Ophthalmologist
  • Florida Eye Institute Optician Surgical Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.92M
Comparable Approach Comparable
$2.34M
Blend (final) Blend
$1.85M
Owner & transaction history
Florida Eye Institute Pa · 9 yrs held
Florida Eye Institute Pa
since 2016
2 recorded transactions
2016
Price N/A
1969
Price N/A
Zoning & alternative use
C-1B · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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