Flexible Office
3755 7TH Terrace #SUITES, Vero Beach, FL 32960
For Sale
Contact for pricing
Professional office units with shared kitchen, restrooms, and storage for varied business configurations.
Property Size4,102 SF
Price / SF$0.00
Days on Market98
Property Features for 3755 7TH Terrace #SUITES
General Information
Standard status
Size
Property subtype
Amenities
shared kitchen
3 restrooms
storage
Building Details
Year Built
Tenancy
Listing Agency:
Billero & Billero - Beach Offc
(772) 231-0001
Listed By:
Colleen Jennings · License FL #3324121
(772) 559-8125
Source:
Lehmannflorida
Added: Aug 7
Changed: Nov 10
Last Checked: Nov 12 at 8:26AM
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 - Beach Offc
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.
This office-unit property includes 18 separate spaces ranging from 33 SF to 4,102 SF, providing options for businesses seeking a private suite or additional room. Shared amenities include a kitchen, 3 restrooms, and storage areas. The property was built in 1999 and is located at 3755 7TH Terrace Unit SUITES in Vero Beach, FL 32960. Its office format is suited to professional, wellness, counseling, and related business uses identified for the property.
Key Highlights
- 18 office spaces ranging from 33 SF to 4,102 SF
- Shared kitchen, 3 restrooms, and storage
- Located at 3755 7TH Terrace Unit SUITES, Vero Beach, FL 32960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,896
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,920
$877.9K
Cap Rate 7%
$627,086
$627.1K
Cap Rate 9%
$487,733
$487.7K
Market Conditions
NOI Build-Up for 4,102 SF
Gross rent
$71.4K $17.40/SF
− Vacancy
−$12.8K −$3.13/SF
EGI
$58.5K $14.27/SF
− OpEx
−$14.6K −$3.57/SF
NOI
$43.9K $10.70/SF
Area
Indian River County, FL
Vacancy
18.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,920
Cap Rate 7%
$627,086
Cap Rate 9%
$487,733
Alternative Uses
Best Use
Healthcare Medical
$793.0K
$693.9K – $925.2K
NOI $55,510 @ 7.0% cap
Second Best
Office B
$627.1K
$548.7K – $731.6K
NOI $43,896 @ 7.0% cap
Theoretical Best
Specialty Retail
$899.6K
$787.1K – $1.05M
NOI $62,971 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
Explore this area
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
$254,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Vero Beach, FL
Properties on Market for Office Units in Vero Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office units with shared kitchen, restrooms, and storage for varied business configurations.
Where is this office unit located?
The property is located at 3755 7TH Terrace #SUITES Vero Beach, FL.
What are key features of this property?
This property features: 18 office spaces ranging from 33 SF to 4,102 SF; Shared kitchen, 3 restrooms, and storage; Located at 3755 7TH Terrace Unit SUITES, Vero Beach, FL 32960
