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New Construction Industrial Flex Space

5000 42nd Pl Vero Beach, FL 32967

5000 42nd Pl, Vero Beach, FL, 32967

$259,000

For Sale

$259,000

New construction industrial units with high ceilings and flexible space.

Property Size1,250 SF

Price / SF$207.20

AddedAug 4, 2025

Days on Market346

Last RefreshJun 29 at 6:50 am

Property Features for 5000 42nd Pl

General Information

Standard status: Active
Size: 1,250 SF

Listing office Alex MacWilliam, Inc.

Listing date Aug 4, 2025

Source Exprealty

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 Alex MacWilliam, Inc.

Investment Insights

Based on property information with market context.

New construction general industrial units are available for reservation. Each unit features 1250 square feet of space, including an ADA-compliant restroom, front and rear personnel doors, and a 12'x15’ roll-up door. The units have ceilings that are 17 +/- feet high and 150 amp service. Air conditioning is not included but is customizable. The gated property includes 2+ assigned parking spaces per unit, as well as visitor and ADA spots. The Condo Association covers dumpster service, exterior maintenance, lawn care, irrigation, lighting, and insurance. These units are suitable for small-to-medium-scale industrial users requiring high ceilings, secure access, and flexible space, and provide a professional setting with minimal maintenance.

Key Highlights

12'x15’ Roll‑up Door and 17 +\/- ft Ceilings: Ideal for various industrial uses.
Secure, Gated Property: Provides enhanced security.
Low‑Maintenance: Condo Association covers exterior maintenance, lawn care, irrigation, lighting & insurance.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$29.3k	$23.40
− Vacancy	−$1.8k	−$1.45
EGI	$27.4k	$21.95
− OpEx	−$9.6k	−$7.68
NOI	$17.8k	$14.27

1,250 SF · lease $23.40/SF/yr · vacancy 6.20% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$254.8K

$222.9K – $297.2K (±1% cap)

NOI $17,834 @ 7.0% cap · market cap 6.89%

Second Best

Warehouse

$143.9K

$125.9K – $167.9K (±1% cap)

NOI $10,075 @ 7.0% cap · market cap 3.89%

Theoretical Best

Specialty Retail

$274.1K

$239.9K – $319.8K (±1% cap)

NOI $19,189 @ 7.0% cap · market cap 7.41%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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Boo and Ken's Curbside Kitchen and Catering LLC — 4670 43rd Ct, Vero Beach, FL 32967

For sale
Flex space
FL
Vero Beach
32967
5000 42nd Pl

What type of property is this?

Flex space - New construction industrial units with high ceilings and flexible space.

Where is this flex space located?

The property is located at 5000 42nd Pl Vero Beach, FL.

What is the asking price?

The asking price for this property is $259,000.

What are key features of this property?

This property features: 12'x15’ Roll‑up Door and 17 +\/- ft Ceilings: Ideal for various industrial uses.; Secure, Gated Property: Provides enhanced security.; Low‑Maintenance: Condo Association covers exterior maintenance, lawn care, irrigation, lighting & insurance.