Flex Space with
For Sale
$1,999,000
415 US Highway 1, Vero Beach, FL 32962
Commercial Sale, Vero Beach, FL
Property Size4,000 SF
Lot Size0.20 Acres
Price / SF$499.75
Days on Market137
Property Features for 415 US Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot, Garage, Guest
Lot features
Corner Lot
Directions
NORTH-take I-95 South toward Vero Beach Exit at FL-60 East (Exit 147) toward Vero Beach Continue east on FL-60 / 20th Street Turn right onto US-1 South to 415 US-1, Vero Beach, FL SOUTH - Take I-95 North toward Vero Beach Exit at FL-60 East (Exit 147) toward Vero Beach Continue east on FL-60 / 20th Street Turn right onto US-1 South to 415 US-1
Subdivision
904 - Indian River
Standard status
Active
APN
33391300000100000019.0
Size
4,000 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 13 TWP 33 RNG 39 MORE FULLY DESC AS BEING THE N HALF OF THE S HALF OF THE SE QTR OF THE NE QTR LYING W OF US HWY 1 AND E OF THE FEC RAILROAD SITUATED IN SEC 13 AND INCLUDING THE N HALF OF VACATED 4TH PLACE ABUTTING SAID PARC PER RESOLUTION NO 90-22 OR
Tax Annual Amount
3786
Legal Description
SEC 13 TWP 33 RNG 39 MORE FULLY DESC AS BEING THE N HALF OF THE S HALF OF THE SE QTR OF THE NE QTR LYING W OF US HWY 1 AND E OF THE FEC RAILROAD SITUATED IN SEC 13 AND INCLUDING THE N HALF OF VACATED 4TH PLACE ABUTTING SAID PARC PER RESOLUTION NO 90-22 OR
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
showroom
two bathrooms
storage area
bay door
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block, Concrete, Frame
Roof type
Metal
Listing Agency:
Coldwell Banker Paradise · Coldwell Banker Real Estate
(321) 222-9449
Listed By:
Sheila Silvey
(321) 474-6821
Added: May 25
Changed: Oct 1
Last Checked: Oct 8 at 10:06AM
MLS# 1078049
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property includes 4,000 square feet of commercial space on a 0.2-acre lot at 415 US Highway 1 in Vero Beach. The building features a large showroom, two bathrooms, over 1,100 feet of storage area, and a large bay door. The adjacent building is included in the sale.
Constructed in 1985, the property has block, concrete, and frame construction, concrete flooring, a metal roof, central heating, and central air. Parking includes a lot, guest spaces, and a garage. Public water and public sewer serve the property.
Constructed in 1985, the property has block, concrete, and frame construction, concrete flooring, a metal roof, central heating, and central air. Parking includes a lot, guest spaces, and a garage. Public water and public sewer serve the property.
Key Highlights
- 4,000 square feet of flex space on a 0.2‑acre lot
- Large showroom with two bathrooms
- Over 1100 feet of storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,068
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,141,360
$1.1M
Cap Rate 7%
$815,257
$815.3K
Cap Rate 9%
$634,089
$634.1K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$93.6K $23.40/SF
− Vacancy
−$5.8K −$1.45/SF
EGI
$87.8K $21.95/SF
− OpEx
−$30.7K −$7.68/SF
NOI
$57.1K $14.27/SF
Area
Indian River County, FL
Vacancy
6.20%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,141,360
Cap Rate 7%
$815,257
Cap Rate 9%
$634,089
Alternative Uses
Best Use
Flex RnD
$815.3K
$713.4K – $951.1K
NOI $57,068 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$549.0K
$480.4K – $640.5K
NOI $38,430 @ 7.0% cap · market cap 1.92%
Theoretical Best
Specialty Retail
$877.2K
$767.6K – $1.02M
NOI $61,405 @ 7.0% cap · market cap 3.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Express Catering Co Inc — 396 11th Ave, Vero Beach, FL 32962
- Cheers & Chasers Mobile Bar — 4th Ln, Vero Beach South, FL 32962
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building with showroom, storage area, bay door, parking, and a separately included adjacent building.
Where is this flex space located?
The property is located at 415 US Highway 1 Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 4,000 square feet of flex space on a 0.2‑acre lot; Large showroom with two bathrooms; Over 1100 feet of storage area
