Concrete Block Residential Income
For Sale
$244,750
4576 30th Avenue, Vero Beach, FL 32967
ResidentialIncome, Vero Beach, FL
Property Size650 SF
Lot Size0.30 Acres
Price / SF$376.54
Days on Market93
Property Features for 4576 30th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
,
Zoning description
Mixed Use, Residential
Parking
4
Patio and Porch features
Porch
Interior features
SplitBedrooms
Exterior features
Porch
Subdivision
Garden of Eden
Lot features
Quarter To Half Acre Lot
Elementary school district
Indian River County Schools
Middle school district
Indian River County Schools
High school district
Indian River County Schools
Directions
US1 to 45th. W on 45th. N on 30th Ave. House on right.
Standard status
Active
APN
32392200009000400011.0
Size
650 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GARDEN OF EDEN SUB BLK D LOTS 11 & 12 PBI 4-36
Tax Annual Amount
2364
Legal Description
GARDEN OF EDEN SUB BLK D LOTS 11 & 12 PBI 4-36
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Flooring type
Tile
Building materials
Block, Concrete
Roof type
Metal
Listing Agency:
EXP Realty, LLC
(888) 883-8509
Listed By:
Katie J Holmes · License #3530743
(772) 913-4844
Added: May 31
Changed: Aug 27
Last Checked: Aug 31 at 11:06PM
MLS# 297744
Copyright © 2026 Realtors Association of Indian River County. 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.
Constructed in 2024, this concrete block residential income property is offered on a double lot with a large backyard. Exterior improvements include smooth stucco, gutters, and a metal roof. Inside, the home features tile flooring and a flexible floor plan designed in a way that may allow future duplex conversion.
The property is located at 4576 30th Avenue in Vero Beach, Florida, in Indian River County. It is currently tenant-occupied, so showings require proof of funds or pre-approval.
The overall configuration provides a functional, newer construction setup alongside potential adaptability within the floor plan, depending on how the space is ultimately arranged.
The property is located at 4576 30th Avenue in Vero Beach, Florida, in Indian River County. It is currently tenant-occupied, so showings require proof of funds or pre-approval.
The overall configuration provides a functional, newer construction setup alongside potential adaptability within the floor plan, depending on how the space is ultimately arranged.
Key Highlights
- 2024 concrete block home on a double lot with a huge backyard
- Impact windows and impact doors
- Metal roof with smooth stucco exterior and gutters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,928
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$138,560
$138.6K
Cap Rate 7%
$98,971
$99.0K
Cap Rate 9%
$76,978
$77.0K
Market Conditions
NOI Build-Up for 650 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.3K $20.40/SF
− Vacancy
−$663 −$1.02/SF
EGI
$12.6K $19.38/SF
− OpEx
−$5.7K −$8.72/SF
NOI
$6.9K $10.66/SF
Area
Indian River County, FL
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$138,560
Cap Rate 7%
$98,971
Cap Rate 9%
$76,978
Alternative Uses
Best Use
Apartment 5plus
$99.0K
$86.6K – $115.5K
NOI $6,928 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$142.5K
$124.7K – $166.3K
NOI $9,978 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 32967, FL
25,785
Population
12,358
Households
2.1
Avg Household Size
50
Median Age
35%
College-Educated
91%
High-School Grad
40.0 sq mi
ZIP Area
645
Density / Sq Mi
$73,875
Median Household Income
$38,156
Median Earnings
$1,425
Median Rent
$394,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - 2024 concrete block property with impact windows and doors, metal roof, tile flooring, and long driveway on a double lot.
Where is this single family property located?
The property is located at 4576 30th Avenue Vero Beach, FL.
What is the asking price?
The asking price for this property is $244,750.
What are key features of this property?
This property features: 2024 concrete block home on a double lot with a huge backyard; Impact windows and impact doors; Metal roof with smooth stucco exterior and gutters
