Vero Beach Retail
For Sale
$1,150,000
4800 20th Street, Vero Beach, FL 32966
Retail building on a busy highway in Vero Beach, FL.
Property Size5,704 SF
Price / SF$201.61
Days on Market338
Property Features for 4800 20th Street
General Information
Standard status
Active
Size
5,704 SF
Property subtype
Retail
Building Details
Building Size
5,704 SF
Year Built
1987
Listed By:
Boyd G. Bradfield, Jr. · License #FL #377607
(772) 215-2538
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 12
Last Checked: Oct 24 at 2:22PM
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 Boyd G. Bradfield, Jr.
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Investment Insights
Based on property information with market context.
Located on 20th Street (SR 60) in Vero Beach, Florida, this building is situated on a busy highway that connects Downtown Vero Beach and the barrier island to I-95, the Vero Beach Mall, and the Vero Beach Outlets. The surrounding area features a mix of retail and service businesses, including high-end retail establishments. The building, with a size of 5704 square feet, has previously been used for fabric sales and as a bank. It is suitable for various potential uses.
Key Highlights
- High‑traffic location on 20th Street (SR 60) connecting key areas.
- Surrounded by high‑end retail and services.
- Suitable for various uses (previous uses: Fabric Sales and a Bank).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,801
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,020
$1.1M
Cap Rate 7%
$782,871
$782.9K
Cap Rate 9%
$608,900
$608.9K
Market Conditions
NOI Build-Up for 5,704 SF
Gross rent
$85.6K $15.00/SF
− Vacancy
−$7.3K −$1.28/SF
EGI
$78.3K $13.73/SF
− OpEx
−$23.5K −$4.12/SF
NOI
$54.8K $9.61/SF
Area
Indian River County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,020
Cap Rate 7%
$782,871
Cap Rate 9%
$608,900
Alternative Uses
Best Use
Retail
$782.9K
$685.0K – $913.4K
NOI $54,801 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,564 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 39%
Electronics 2%
Hotels & Casinos 2%
Murphy USA
Shops & Services
21,115 visits/mo
0.4 miles
Taco Bell
Dining
16,003 visits/mo
0.4 miles
Sonny's BBQ
Dining
14,505 visits/mo
0.3 miles
Applebee's
Dining
13,148 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,396 visits/mo
0.3 miles
Demographics for 32966, FL
19,724
Population
11,887
Households
1.7
Avg Household Size
62
Median Age
33%
College-Educated
97%
High-School Grad
259.8 sq mi
ZIP Area
76
Density / Sq Mi
$63,144
Median Household Income
$39,945
Median Earnings
$1,442
Median Rent
$264,300
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail property - Retail building on a busy highway in Vero Beach, FL.
Where is this retail property located?
The property is located at 4800 20th Street Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: High‑traffic location on 20th Street (SR 60) connecting key areas.; Surrounded by high‑end retail and services.; Suitable for various uses (previous uses: Fabric Sales and a Bank).
