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 Market292
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: Aug 25
Last Checked: Sep 8 at 5:56AM
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.
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 = 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
$54,801
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
4.77%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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).
