Air-Conditioned Flex Industrial
673 Us Hwy 1 Vero Beach Vero Beach, FL 32962
673 Us Hwy 1 Vero Beach, Vero Beach, FL, 32962
$2,350,000
For Sale
$2,350,000
Two air-conditioned buildings with precast concrete construction and impact glass, including office, showroom, and warehouse space.
Property Size14,656 SF
Price / SF$160.34
Days on Market16
Property Features for 673 Us Hwy 1 Vero Beach
General Information
- Standard status
- Active
- Size
- 14,656 SF
Building Details
- Year Built
- 1972
Listing agency
(407) 890-1354
Listed by
Morgan Horsley
(407) 890-1354
Source
Therealestatecollection
Added: Jul 7 Updated: Jul 22 at 1:29AM Checked: Jul 22 at 2:16AM
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 Morgan Horsley
Investment Insights
Based on property information with market context.
This secure concrete flex industrial property features two separate, air-conditioned buildings constructed with pre-cast concrete and all impact glass. The North Building includes a wide-open showroom and sales floor with plank flooring, one private office, an 18x12 conference room, and two restrooms.
The South Building is configured as warehouse space with three-stage storage, along with an attached showroom area and a dedicated delivery room. The South Building also includes one office and two restrooms.
The property includes a large 18-foot monument sign, supporting on-site visibility for showroom or distribution-style operations. The building configuration supports multiple practical uses such as showroom, distribution, research and development, or auto storage, depending on tenant needs.
The South Building is configured as warehouse space with three-stage storage, along with an attached showroom area and a dedicated delivery room. The South Building also includes one office and two restrooms.
The property includes a large 18-foot monument sign, supporting on-site visibility for showroom or distribution-style operations. The building configuration supports multiple practical uses such as showroom, distribution, research and development, or auto storage, depending on tenant needs.
Key Highlights
- Two air‑conditioned buildings built in 1972 with precast concrete construction and impact glass.
- Total building area: 14,656 SF across office, showroom, warehouse, storage, and delivery space.
- North building includes wide‑open showroom/sale floor, 1 private office, 18x12 conference room, and 2 restrooms.
Local Financial Insights For Flex RnD
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 | $343.0k | $23.40 |
| − Vacancy | −$21.3k | −$1.45 |
| EGI | $321.7k | $21.95 |
| − OpEx | −$112.6k | −$7.68 |
| NOI | $209.1k | $14.27 |
14,656 SF · lease $23.40/SF/yr · vacancy 6.20% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.99M
$2.61M – $3.48M
NOI $209,097 @ 7.0% cap · market cap 8.90%
Second Best
Office B
$2.24M
$1.96M – $2.61M
NOI $156,834 @ 7.0% cap · market cap 6.67%
Theoretical Best
Specialty Retail
$3.21M
$2.81M – $3.75M
NOI $224,989 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Orchid Gourmet — 1766 14th Ave, Vero Beach, FL 32960
- Wild Thyme Catering — 1785 Old Dixie Hwy, Vero Beach, FL 32960
FAQs
What type of property is this?
Flex space - Two air-conditioned buildings with precast concrete construction and impact glass, including office, showroom, and warehouse space.
Where is this flex space located?
The property is located at 673 Us Hwy 1 Vero Beach Vero Beach, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Two air‑conditioned buildings built in 1972 with precast concrete construction and impact glass.; Total building area: 14,656 SF across office, showroom, warehouse, storage, and delivery space.; North building includes wide‑open showroom/sale floor, 1 private office, 18x12 conference room, and 2 restrooms.
