Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vero Beach Flex Space Available Title is generated by Realmo AI

    815 33rd SW Court, Vero Beach, FL 32968

    View on Map
    Claim this Listing
    For Lease
    $14 SF/Yr $2,916/Mo (calc)

    Flex space with office, high ceilings, and convenient location.

    Type:Commercial/Industrial
    Property size:
    2,500 SF
    Added:
    Aug 9, 2024
    Days on Market:
    662
    Last Refresh:
    May 20 at 2:53 am

    Property Features for 815 33rd SW Court

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    David H Stephens
    David H Stephens

    Listing agent David H Stephens License #3464341

    Listing office Lambert Commercial Real Estate

    Listing date Aug 9, 2024

    Source Exitrealty

    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 Lambert Commercial Real Estate

    HighLights

    • Commercial heavy zoning allowing for multiple uses
    • Future Oslo/ I‑95 interchange under construction creating flexible commuting and distribution
    • 12’ x 12’ Bay Doors
    • 18 Ft. Ceiling Height
    • Built out, airconditioned office space
    • Building/monument signage available

    Overview

    This flex space, situated in South Vero Beach, features 12’ x 12’ bay doors and an 18 ft. ceiling height. The property includes built-out, air-conditioned office space. Building and monument signage are available. Zoned commercial heavy, the location is suitable for multiple uses, particularly contractor trade businesses. A future Oslo/I-95 interchange is under construction, which will enhance commuting and distribution options. The property size is 2500 square feet.
    Location Intelligence

    Current Use by Public Records

    Brite Future Electric Electrical Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bar Vero Services — 1155 32nd Ave SW, Vero Beach, FL 32968

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4212639
    Latitude
    27.5884367

    Nearby Similar for Lease

    • $20 SF/Yr
      2,750 SF

      Versatile Commercial Property in Vero Beach

      Exceptional commercial property suitable for office, distribution, or other businesses.
      1893 90th Avenue, Vero Beach, FL 32966
      View Details
    • $2,000/Mo
      712 SF

      Vero Beach Office Suite

      Two-room office suite available for rent in Vero Beach.
      4560 Us Highway 1, Vero Beach, FL 32967
      View Details
    • $7,500/Mo
      3,168 SF

      Vero Beach Commercial Space

      Commercial space suitable for medical or office use in Vero Beach.
      3660 20th Street, Vero Beach, FL 32960
      View Details
    • $12 SF/Yr
      14,000 SF

      Vero Beach Warehouse with Loading

      14,000 SF warehouse with loading docks and ample parking.
      925 SW 74th Ave SW, Vero Beach, FL 32968
      View Details
    • $24 SF/Yr

      Vero Beach Commercial Lease Opportunity

      Multi-site commercial lease in Vero Beach's growing corridor.
      816 SW 11th Dr Drive SW, Vero Beach, FL 32962
      View Details
    • $31 SF/Yr
      2,640 SF

      Vero Beach Commercial Space

      Renovated 2,640 SF space near I-95 in Vero Beach.
      8801 20 Street, Vero Beach, FL 32966
      View Details
    • $18 SF/Yr
      3,600 SF

      Vero Beach Retail Space Available

      3,600 SF retail space with modern design for lease.
      1880 82nd Avenue, Vero Beach, FL 32966
      View Details
    • Sponsored
      $129-$6,046/Mo
      11-1,292 SF

      Miracle Mile Plaza

      601 21St St, Unit 300, Vero Beach, FL 32960
      View Details
    • $24 SF/Yr

      Vero Beach Commercial Corridor Lease

      Strategically located commercial property in Vero Beach, Florida.
      806 SW 11th Dr Drive SW, Vero Beach, FL 32962
      View Details
    • $18 SF/Yr
      5,000 SF

      Versatile Commercial Space For Lease

      5,000 SF open space suitable for retail, medical, or restaurant.
      1635 14 Ave, Vero Beach, FL 32960
      View Details
    • $28 SF/Yr
      2,400 SF

      Miracle Mile Retail Opportunity

      High-visibility retail space available on Miracle Mile.
      474 21st St, Vero Beach, FL 32960
      View Details
    • $18 SF/Yr
      5,000 SF

      COMMERCIAL - Vero Beach, FL

      1635 14 Avenue, Vero Beach, FL 32960
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with office, high ceilings, and convenient location.
    Where is this flex space located?
    The property is located at 815 33rd SW Court Vero Beach, FL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Commercial heavy zoning allowing for multiple uses; Future Oslo/ I‑95 interchange under construction creating flexible commuting and distribution; 12’ x 12’ Bay Doors
    (772) 205-9744
    We can help!
    Listing Contact
    David H Stephens
    David H Stephens
    Real Estate License ID: 3464341
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    815 33rd SW Court, Vero Beach, FL 32968
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!