3-2590 Airport North Dr Vero Beach, FL 32960
End-of-runway hangar unit with private bathrooms, about 1,000 SF of office, and separately metered utilities.
Property Features for 3-2590 Airport North Dr
General Information
- Standard status
- Active
- Size
- 4,975 SF
Listing office Proctor Kennedy Properties LLC (772) 494-3366
Listing date May 8, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Proctor Kennedy Properties LLC
Investment Insights
Based on property information with market context.
The property is positioned at the end of the runway, designed to provide efficient access and enhanced privacy compared with typical airpark layouts. It is described as a secure location with hurricane-resistant construction.
As part of Hangar 11, the offering comprises one of three newly constructed premium units within the hangar facility.
Key Highlights
- Hangar 11 at Vero Beach Regional Airport with approximately 4,975 SF hangar space
- Includes about 1,000 SF of office space plus private bathrooms
- Separately metered utilities for the unit
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.6k | $17.40 |
| − Vacancy | −$15.6k | −$3.13 |
| EGI | $71.0k | $14.27 |
| − OpEx | −$17.7k | −$3.57 |
| NOI | $53.2k | $10.70 |
