Flexible Office
For Sale
Contact for pricing
3755 7th Terrace Individual Suites, Vero Beach, FL 32960
Move-in-ready suites provide shared kitchen access, three restrooms, and storage for professional users.
Property Size4,102 SF
Price / SF$0.12
Days on Market52
Property Features for 3755 7th Terrace Individual Suites
General Information
Standard status
Active
Size
4,102 SF
Additional Details
Office Units
18
Amenities
shared kitchen
storage
Listing Agency:
Billero & Billero Properties
(772) 231-0001
Listed By:
Colleen Jennings · License #3324121
(772) 559-8125
Source:
Startbrevardsearch
Added: Aug 30
Changed: Oct 3
Last Checked: Oct 19 at 6:19AM
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
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 property offers 18 individual suites ranging from 33 SF to 4,102 SF, allowing businesses to select a private workspace aligned with their needs. The suites are presented as move-in-ready and are supported by shared kitchen facilities, three restrooms, and storage areas.
Located at 3755 7th Terrace in Vero Beach, the property is positioned within a medical and professional business hub. The flexible suite configuration accommodates smaller private offices as well as larger space requirements within the same property.
Located at 3755 7th Terrace in Vero Beach, the property is positioned within a medical and professional business hub. The flexible suite configuration accommodates smaller private offices as well as larger space requirements within the same property.
Key Highlights
- 18 office suites ranging from 33 SF to 4,102 SF
- Shared kitchen available to suite occupants
- Three restrooms and storage areas on site
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
Office B
$627.1K
$548.7K – $731.6K
NOI $43,896 @ 7.0% cap · market cap 8,779.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$899.6K
$787.1K – $1.05M
NOI $62,971 @ 7.0% cap · market cap 12,594.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18
Office units
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in-ready suites provide shared kitchen access, three restrooms, and storage for professional users.
Where is this office unit located?
The property is located at 3755 7th Terrace Individual Suites Vero Beach, FL.
What are key features of this property?
This property features: 18 office suites ranging from 33 SF to 4,102 SF; Shared kitchen available to suite occupants; Three restrooms and storage areas on site
