Medical Office Building with
3660 20th Street, Vero Beach, FL 32960
For Sale
Contact for pricing
Concrete block medical facility can be divided into two private-access spaces with 25+ parking spots along a high-traffic road.
Property Size3,168 SF
Price / SF$2.37
Days on Market148
Property Features for 3660 20th Street
General Information
Standard status
Size
Listing Agency:
Billero & Billero Properties
(772) 589-8700
Listed By:
Gene Billero · License #595830
(772) 532-0011
Source:
Startbrevardsearch
Added: Jun 15
Changed: Nov 7
Last Checked: Nov 8 at 6:04AM
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 Billero & Billero Properties
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Investment Insights
Based on property information with market context.
This concrete block medical office building is most recently used as a medical facility and offers flexibility for different healthcare and professional needs. The property may be separated into two spaces, and each space can have its own private access, supporting multiple-tenant or suite-style configurations. The building is supported by substantial on-site parking, with 25+ spaces available for patient, client, and staff parking.
The property fronts a high-traffic road, which can support strong pass-by exposure. Parking and site layout are designed for straightforward customer arrival, with easy ingress and egress.
For an owner-user or an investor-buyer seeking adaptable space, the two private-access options can be useful for consolidating operations or accommodating separate teams under one roof. Prospective occupants should note that utilities, real estate taxes, maintenance, and insurance are described as expenses to be paid by the tenant. The overall site is positioned to serve day-to-day access needs with ample parking and practical separation of interior space.
The property fronts a high-traffic road, which can support strong pass-by exposure. Parking and site layout are designed for straightforward customer arrival, with easy ingress and egress.
For an owner-user or an investor-buyer seeking adaptable space, the two private-access options can be useful for consolidating operations or accommodating separate teams under one roof. Prospective occupants should note that utilities, real estate taxes, maintenance, and insurance are described as expenses to be paid by the tenant. The overall site is positioned to serve day-to-day access needs with ample parking and practical separation of interior space.
Key Highlights
- Concrete block building built in 1986, most recently used as a medical facility
- Can be separated into two spaces, each with its own private access
- 25+ parking spots on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,871
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,420
$857.4K
Cap Rate 7%
$612,443
$612.4K
Cap Rate 9%
$476,344
$476.3K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$79.8K $25.20/SF
− Vacancy
−$8.4K −$2.65/SF
EGI
$71.5K $22.55/SF
− OpEx
−$28.6K −$9.02/SF
NOI
$42.9K $13.53/SF
Area
Indian River County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,420
Cap Rate 7%
$612,443
Cap Rate 9%
$476,344
Alternative Uses
Best Use
Healthcare Medical
$612.4K
$535.9K – $714.5K
NOI $42,871 @ 7.0% cap · market cap 571.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$694.8K
$607.9K – $810.6K
NOI $48,633 @ 7.0% cap · market cap 648.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
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Business Placement
Demographics for 32960, FL
21,522
Population
11,590
Households
1.9
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
1,939
Density / Sq Mi
$52,350
Median Household Income
$30,236
Median Earnings
$1,171
Median Rent
$254,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Concrete block medical facility can be divided into two private-access spaces with 25+ parking spots along a high-traffic road.
Where is this medical center located?
The property is located at 3660 20th Street Vero Beach, FL.
What are key features of this property?
This property features: Concrete block building built in 1986, most recently used as a medical facility; Can be separated into two spaces, each with its own private access; 25+ parking spots on site
