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Versatile Flex Building For Sale

820 35th Ct SW, Vero Beach, FL 32968

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For Sale

$1,500,000

7,500 SF flex building on one acre, fully leased.

Type:Industrial

Property size:

7,500 SF

Lot size:

0.94 Acres

Price / SF:

$200/SF

We can help!

Contact an agent

Christopher John Flaig ll

Real Estate License ID: 3495792

HighLights

Versatile Commercial Heavy (CH) zoning allows for a wide range of uses.
Fully leased with 2 years remaining, providing immediate income.
Configured for three independent bays, each with its own electric meter and restroom.
Flexibility for repositioning as a multi‑tenant investment or owner‑user facility.
Potential to increase Net Operating Income (NOI) through market rent adjustments and multi‑tenant lease‑up.
Located off Oslo Road in Indian River County.

For Sale

$1,500,000

7,500 SF flex building on one acre, fully leased.

Type:Industrial

Property size:

7,500 SF

Lot size:

0.94 Acres

Price / SF:

$200/SF

Added:: Mar 11, 2026
Days on Market:: 119
Last Refresh:: Jul 2 at 3:06 pm

Property Features for 820 35th Ct SW

General Information

Standard status: Active
Size: 7,500 SF
Lot size: 0.94 Acres
Property subtype: Industrial

Building Details

Year Built: 1997

We can help!

Contact an agent

Christopher John Flaig ll

Listing office LPT Realty

Listing date Mar 11, 2026

Source Elliman

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 LPT Realty

HighLights

Versatile Commercial Heavy (CH) zoning allows for a wide range of uses.
Fully leased with 2 years remaining, providing immediate income.
Configured for three independent bays, each with its own electric meter and restroom.
Flexibility for repositioning as a multi‑tenant investment or owner‑user facility.
Potential to increase Net Operating Income (NOI) through market rent adjustments and multi‑tenant lease‑up.
Located off Oslo Road in Indian River County.

Overview

This 7,500-square-foot industrial flex building is located off Oslo Road in Indian River County. Situated on one acre, the property is zoned Commercial Heavy (CH), offering a versatile use profile. The property is fully leased with 2 years remaining on the lease, providing immediate income and a clear path for repositioning. The building is suitable as a multi-tenant investment or a future owner-user facility. The building is configured for three independent bays, each with its own electric meter and restroom. This configuration allows investors to increase NOI through market rent adjustments and multi-tenant lease-up. Owner-users have the ability to occupy one or more units and offset overhead with rental income from the remaining suites.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$175.5k	$23.40
− Vacancy	−$10.9k	−$1.45
EGI	$164.6k	$21.95
− OpEx	−$57.6k	−$7.68
NOI	$107.0k	$14.27

7,500 SF · lease $23.40/SF/yr · vacancy 6.20% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$1.53M

$1.34M – $1.78M (±1% cap)

NOI $107,002 @ 7.0% cap · market cap 7.13%

Second Best

Office B

$1.15M

$1.00M – $1.34M (±1% cap)

NOI $80,257 @ 7.0% cap · market cap 5.35%

Theoretical Best

Specialty Retail

$1.64M

$1.44M – $1.92M (±1% cap)

NOI $115,135 @ 7.0% cap · market cap 7.68%

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

Property Profile Location Intelligence

Current Use by Public Records

Boston Barricade Construction Company

Suggested Use

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: -80.4225
Latitude: 27.5885

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For sale
Flex space
FL
Vero Beach
32968
820 35th Ct SW

What type of property is this?

Flex space - 7,500 SF flex building on one acre, fully leased.

Where is this flex space located?

The property is located at 820 35th Ct SW Vero Beach, FL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Versatile Commercial Heavy (CH) zoning allows for a wide range of uses.; Fully leased with 2 years remaining, providing immediate income.; Configured for three independent bays, each with its own electric meter and restroom.