Stand-Alone Retail
721 Us Highway 1 Vero Beach Vero Beach, FL 32962
For Sale
$1,300,000
Single-story retail building with over 200 feet of corner frontage and ample onsite parking.
Property Size5,261 SF
Price / SF$247.10
Days on Market13
Property Features for 721 Us Highway 1 Vero Beach
General Information
- Standard status
- Active
- Size
- 5,261 SF
Building Details
- Year Built
- 1950
Listing Agency:
(407) 890-1354
Listed By:
Elizabeth "Suzette" Ray
(407) 890-1354
Source:
Therealestatecollection
Added: Jul 12
Changed: Jul 23
Last Checked: Jul 24 at 4:57AM
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 Elizabeth "Suzette" Ray
Investment Insights
Based on property information with market context.
This stand-alone, single-story retail building offers a flexible interior configuration for retail use. The property provides ample onsite parking to support customer access.
Located on US Highway 1, the building features over 200 feet of corner frontage, creating prominent visibility along the corridor. Public remarks also note signage opportunities along US Hwy 1.
Centrally located, the property is described as having easy access to downtown and the beach, supporting retail-focused convenience for customers.
Located on US Highway 1, the building features over 200 feet of corner frontage, creating prominent visibility along the corridor. Public remarks also note signage opportunities along US Hwy 1.
Centrally located, the property is described as having easy access to downtown and the beach, supporting retail-focused convenience for customers.
Key Highlights
- Single‑story stand‑alone retail building with a total building area of 5,261 SF
- Over 200 ft of corner frontage on US‑1 with prominent signage opportunities
- 0.44‑acre (19,166) lot with ample onsite parking for a retail user
Financial Insights For Retail
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 | $78.9k | $15.00 |
| − Vacancy | −$6.7k | −$1.28 |
| EGI | $72.2k | $13.73 |
| − OpEx | −$21.7k | −$4.12 |
| NOI | $50.5k | $9.61 |
5,261 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$722.1K
$631.8K – $842.4K
NOI $50,545 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.35M
NOI $80,763 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Jolie Flowers — 2085 28th Ave, Vero Beach, FL 32960
- The Flower Box — 1755 20th St, Vero Beach, FL 32960
FAQs
What type of property is this?
Storefront property - Single-story retail building with over 200 feet of corner frontage and ample onsite parking.
Where is this storefront property located?
The property is located at 721 Us Highway 1 Vero Beach Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Single‑story stand‑alone retail building with a total building area of 5,261 SF; Over 200 ft of corner frontage on US‑1 with prominent signage opportunities; 0.44‑acre (19,166) lot with ample onsite parking for a retail user
