Special-Purpose Office
For Sale
Contact for pricing
683 27TH AVE SW, Vero Beach, FL 32968
A 2,940-square-foot office property with a special-purpose configuration.
Property Size2,940 SF
Price / SF$255.10
Days on Market51
Property Features for 683 27TH AVE SW
General Information
Standard status
Active
Size
2,940 SF
Property subtype
Office, Special Purpose
Building Details
Year Built
1988
Listing Agency:
Keller William Realty Jupiter/Greater Omaha
Listed By:
Jeff Hofflander · License #FL SL3525623
Source:
Crexi
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 3:04PM
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 Keller William Realty Jupiter/Greater Omaha
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This special-purpose office property contains 2,940 square feet and is offered for sale. The building is located at 683 27TH AVE SW in Vero Beach, Florida.
Key Highlights
- 2,940 SF office property
- Special‑purpose building configuration
- Located at 683 27TH AVE SW, Vero Beach, FL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,461
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,220
$629.2K
Cap Rate 7%
$449,443
$449.4K
Cap Rate 9%
$349,567
$349.6K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$51.2K $17.40/SF
− Vacancy
−$9.2K −$3.13/SF
EGI
$41.9K $14.27/SF
− OpEx
−$10.5K −$3.57/SF
NOI
$31.5K $10.70/SF
Area
Indian River County, FL
Vacancy
18.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,220
Cap Rate 7%
$449,443
Cap Rate 9%
$349,567
Alternative Uses
Best Use
Office B
$449.4K
$393.3K – $524.4K
NOI $31,461 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$644.8K
$564.2K – $752.2K
NOI $45,133 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
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Business Placement
Demographics for 32968, FL
15,006
Population
6,630
Households
2.3
Avg Household Size
50
Median Age
37%
College-Educated
95%
High-School Grad
43.5 sq mi
ZIP Area
345
Density / Sq Mi
$87,801
Median Household Income
$37,249
Median Earnings
$1,716
Median Rent
$357,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A 2,940-square-foot office property with a special-purpose configuration.
Where is this office building located?
The property is located at 683 27TH AVE SW Vero Beach, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,940 SF office property; Special‑purpose building configuration; Located at 683 27TH AVE SW, Vero Beach, FL
