Mixed-Use Property with Two
New
For Sale
Contact for pricing
415-425 US Hwy 1, Vero Beach, FL 32962
The two-building offering combines an income-producing fabrication space with a separate showroom and rear service bay.
Property Size8,320 SF
Price / SF$192.31
Days on Market4
Property Features for 415-425 US Hwy 1
General Information
Standard status
Active
Size
8,320 SF
Property subtype
RETAIL
Additional Details
Tenant in Place
Yes
Building Details
Buildings
2
Listing Agency:
Coldwell Banker Paradise | Vero Beach
(772) 567-1181
Listed By:
Jimmy Phipps · License #3473170
(631) 708-5015
Source:
Moodyscre
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:19PM
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 Coldwell Banker Paradise | Vero Beach
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.
The 8,320-square-foot offering comprises two buildings on separate parcels, conveyed together; the real estate and structures are included, while the businesses are not. One building is leased to a metal fabrication tenant and has a front office, storage space, oversized bay doors, and a new TPO roof. The other provides a customer showroom, two restrooms, more than 1,100 square feet of storage, and a rear bay door.
Both properties are on US Hwy 1 in Vero Beach, Florida. The parcels are not available for separate sale.
Both properties are on US Hwy 1 in Vero Beach, Florida. The parcels are not available for separate sale.
Key Highlights
- Two buildings on separate parcels, offered together
- 8,320 square feet total
- One building is leased to a metal fabrication tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,266
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,865,320
$1.9M
Cap Rate 7%
$1,332,371
$1.3M
Cap Rate 9%
$1,036,289
$1.0M
Market Conditions
NOI Build-Up for 8,320 SF
Gross rent
$166.7K $20.04/SF
− Vacancy
−$17.5K −$2.10/SF
EGI
$149.2K $17.94/SF
− OpEx
−$56.0K −$6.73/SF
NOI
$93.3K $11.21/SF
Area
Indian River County, FL
Vacancy
10.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,865,320
Cap Rate 7%
$1,332,371
Cap Rate 9%
$1,036,289
Alternative Uses
Best Use
Mixed Use
$1.33M
$1.17M – $1.55M
NOI $93,266 @ 7.0% cap · market cap 5.83%
Second Best
Retail
$1.14M
$999.2K – $1.33M
NOI $79,934 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$1.82M
$1.60M – $2.13M
NOI $127,723 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 32962, FL
26,011
Population
12,705
Households
2
Avg Household Size
49
Median Age
25%
College-Educated
90%
High-School Grad
12.5 sq mi
ZIP Area
2,081
Density / Sq Mi
$65,137
Median Household Income
$32,617
Median Earnings
$1,184
Median Rent
$247,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The two-building offering combines an income-producing fabrication space with a separate showroom and rear service bay.
Where is this mixed-use property located?
The property is located at 415-425 US Hwy 1 Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two buildings on separate parcels, offered together; 8,320 square feet total; One building is leased to a metal fabrication tenant
