Warehouse Compound with Office
For Sale
$6,750,000
6850 53rd Street, Vero Beach, FL 32967
Land, Vero Beach, FL
Property Size23,700 SF
Lot Size14.16 Acres
Price / SF$284.81
Days on Market54
Property Features for 6850 53rd Street
General Information
Property type
Land
Property subtype
Other
Zoning
,
Zoning description
Agricultural, Residential
Security features
Security
Vegetation
Wooded
Subdivision
Indian River Farms
Lot features
Ten To Twenty Acres, Split Possible, Wooded
View
Lake
Elementary school district
Indian River County Schools
Middle school district
Indian River County Schools
High school district
Indian River County Schools
Directions
Take 49th St. west to 66th Avenue. Turn right onto 66th and then left onto 53rd St. The property is less than a quarter mile down on the right.
Standard status
Active
APN
32391800001015000001.0
Size
23,700 SF
Lot size
14.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INDIAN RIVER FARMS COMPANY S/D PBS 2-25 THE W 15 AC OF THE E 20 AC OF TR 15 SEC 18 TWN 32 RNG 39 LESS AND EXCEPT THE N 100 FT AND LESS AND EXCEPT THE ADDITIONAL 50 FT FOR ROW DESCRIBED IN OR 2344/2052
Tax Annual Amount
8730
Legal Description
INDIAN RIVER FARMS COMPANY S/D PBS 2-25 THE W 15 AC OF THE E 20 AC OF TR 15 SEC 18 TWN 32 RNG 39 LESS AND EXCEPT THE N 100 FT AND LESS AND EXCEPT THE ADDITIONAL 50 FT FOR ROW DESCRIBED IN OR 2344/2052
Utilities
Sewer type
Septic Tank
Water source
Well
Water front features
Lake, Pond
Water front
1
Amenities
pond
established palms
Listing Agency:
Alex MacWilliam, Inc.
(772) 231-6509
Listed By:
T.P. Kennedy · License #3377487
(772) 473-2521
Added: Aug 24
Changed: Sep 16
Last Checked: Oct 15 at 11:06PM
MLS# 299382
Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 6850 53rd Street in Vero Beach, this warehouse-oriented property includes 23,700 square feet of enclosed improvements across 14.16 acres. The improvements incorporate executive office areas, expansive warehouse space, climate-controlled sections, secure storage, and modern communications infrastructure. Fully grouted CBS construction, impact-rated windows and doors, backup power, and redundant electrical systems support a range of commercial and agricultural operations.
The property also includes approximately 10 acres of established palms and a pond measuring approximately one-half acre. Water is supplied by a well, and wastewater service is provided through a septic tank. The combination of enclosed industrial space, office components, agricultural acreage, and specialized infrastructure creates a substantial owner-user property with multiple functional areas.
The property also includes approximately 10 acres of established palms and a pond measuring approximately one-half acre. Water is supplied by a well, and wastewater service is provided through a septic tank. The combination of enclosed industrial space, office components, agricultural acreage, and specialized infrastructure creates a substantial owner-user property with multiple functional areas.
Key Highlights
- 23,700+/- SF of enclosed improvements on 14.16+/- acres
- Warehouse, executive office, climate‑controlled, and secure storage areas
- Approximately 10+/- acres of established palms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$253,614
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,072,280
$5.1M
Cap Rate 7%
$3,623,057
$3.6M
Cap Rate 9%
$2,817,933
$2.8M
Market Conditions
NOI Build-Up for 23,700 SF
Gross rent
$412.4K $17.40/SF
− Vacancy
−$74.2K −$3.13/SF
EGI
$338.2K $14.27/SF
− OpEx
−$84.5K −$3.57/SF
NOI
$253.6K $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%
$5,072,280
Cap Rate 7%
$3,623,057
Cap Rate 9%
$2,817,933
Alternative Uses
Best Use
Office B
$3.62M
$3.17M – $4.23M
NOI $253,614 @ 7.0% cap · market cap 3.76%
Second Best
Warehouse
$2.73M
$2.39M – $3.18M
NOI $191,013 @ 7.0% cap · market cap 2.83%
Theoretical Best
Specialty Retail
$5.20M
$4.55M – $6.06M
NOI $363,826 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32967, FL
25,785
Population
12,358
Households
2.1
Avg Household Size
50
Median Age
35%
College-Educated
91%
High-School Grad
40.0 sq mi
ZIP Area
645
Density / Sq Mi
$73,875
Median Household Income
$38,156
Median Earnings
$1,425
Median Rent
$394,800
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?
Warehouse - Enclosed commercial improvements combine warehouse, office, climate-controlled, and secure storage areas on an agricultural property.
Where is this warehouse located?
The property is located at 6850 53rd Street Vero Beach, FL.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 23,700+/- SF of enclosed improvements on 14.16+/- acres; Warehouse, executive office, climate‑controlled, and secure storage areas; Approximately 10+/- acres of established palms
