US Highway 1 Redevelopment
6695 US-1 Vero Beach, FL 32967
For Sale
Contact for pricing
1.5-acre commercial property with existing improvements and expansion potential.
Property Size11,050 SF
Lot Size1.50 Acres
Price / SF$176.47
Days on Market162
Property Features for 6695 US-1
General Information
Standard status
Active
Size
11,050 SF
Lot size
1.50 Acres
Property subtype
Industrial, Mixed Use
Listing Agency:
Flaig Commercial Group
(772) 766-2001
Listed By:
Christopher Flaig · License #3495792
Source:
Crexi
Added: Feb 18
Changed: Jul 10
Last Checked: Jul 29 at 1:49PM
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 Flaig Commercial Group
Investment Insights
Based on property information with market context.
This 1.5-acre property is positioned on US Highway 1, situated between Sebastian and Vero Beach, in a rapidly growing corridor of Indian River County. Zoned Commercial Heavy, the site benefits from approximately 26,500 vehicles per day in direct frontage exposure. The property includes over 11,000 square feet of existing rentable improvements, with approval in place to construct an additional 4,500 square feet. The location, zoning flexibility, traffic counts, and surrounding residential density make this asset suitable for redevelopment, an owner occupant seeking income offset, or an investor targeting service-oriented tenants. The corridor is surrounded by established residential communities and multiple new upscale neighborhoods currently under construction. Population density and household income trends support continued commercial absorption along this stretch of US1. Nearby demand drivers include Vero Beach Regional Airport, Wabasso Bridge providing direct barrier island access, and Harbor Point Retail Plaza anchored by Publix. This presents a prime redevelopment and owner-user opportunity.
Key Highlights
- Prime 1.5‑acre redevelopment opportunity on US Highway 1.
- Zoned Commercial Heavy with approval to construct an additional 4,500 square feet.
- High traffic count of approximately 26,500 vehicles per day.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $221.4k | $20.04 |
| − Vacancy | −$23.3k | −$2.10 |
| EGI | $198.2k | $17.94 |
| − OpEx | −$74.3k | −$6.73 |
| NOI | $123.9k | $11.21 |
11,050 SF · lease $20.04/SF/yr · vacancy 10.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.77M
$1.55M – $2.06M
NOI $123,869 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.83M
NOI $169,632 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - 1.5-acre commercial property with existing improvements and expansion potential.
Where is this mixed-use property located?
The property is located at 6695 US-1 Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime 1.5‑acre redevelopment opportunity on US Highway 1.; Zoned Commercial Heavy with approval to construct an additional 4,500 square feet.; High traffic count of approximately 26,500 vehicles per day.
