Three-Bay Industrial Flex
For Sale
$1,500,000
820 35th Court SW, Vero Beach, FL 32968
Commercial Sale, Vero Beach, FL
Property Size7,500 SF
Lot Size0.94 Acres
Price / SF$200
Days on Market345
Property Features for 820 35th Court SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Subdivision
5940 - Other Florida County
Standard status
Active
APN
333922000220000000050
Size
7,500 SF
Lot size
0.94 Acres
Additional Details
Tenant in Place
Yes
Property Use
Industrial Flex
Taxes and HOA fees
Tax Year
2025
Tax Description
WEST SIDE COMMERCIAL PARK LOTS 5 & 6 PBI 13-36
Tax Annual Amount
7266
Legal Description
WEST SIDE COMMERCIAL PARK LOTS 5 & 6 PBI 13-36
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Number of units
3
Flooring type
Concrete, Tile
Roof type
Metal
Buildings
1
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Christopher John Flaig ll · License #3495792
(772) 766-2001
Added: Nov 24, 2025
Changed: Oct 31
Last Checked: Nov 3 at 8:06PM
MLS# R11143774
Copyright © 2026 BeachesMLS. 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.
This 7,500-square-foot industrial flex building was constructed in 1997 on 0.94 acres and is arranged as three independent bays. Each bay has its own electric meter and restroom, supporting separate occupancy within the existing layout. Concrete and tile flooring, central air, a metal roof, public water, and public sewer are in place. The property is zoned Commercial Heavy (CH).
The building is fully leased with 2 years remaining on the current term. Its configuration includes three distinct areas that can accommodate continued multi-bay occupancy or future owner use, subject to applicable requirements. The property is located on 35th Court SW in Vero Beach, Florida, within Indian River County.
The building is fully leased with 2 years remaining on the current term. Its configuration includes three distinct areas that can accommodate continued multi-bay occupancy or future owner use, subject to applicable requirements. The property is located on 35th Court SW in Vero Beach, Florida, within Indian River County.
Key Highlights
- 7,500‑square‑foot industrial flex building on 0.94 acres
- Three independent bays, each with its own electric meter and restroom
- Fully leased with 2 years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,002
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,140,040
$2.1M
Cap Rate 7%
$1,528,600
$1.5M
Cap Rate 9%
$1,188,911
$1.2M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$175.5K $23.40/SF
− Vacancy
−$10.9K −$1.45/SF
EGI
$164.6K $21.95/SF
− OpEx
−$57.6K −$7.68/SF
NOI
$107.0K $14.27/SF
Area
Indian River County, FL
Vacancy
6.20%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,140,040
Cap Rate 7%
$1,528,600
Cap Rate 9%
$1,188,911
Alternative Uses
Best Use
Flex RnD
$1.53M
$1.34M – $1.78M
NOI $107,002 @ 7.0% cap · market cap 7.13%
Second Best
Warehouse
$863.5K
$755.6K – $1.01M
NOI $60,447 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$1.64M
$1.44M – $1.92M
NOI $115,135 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Bar Vero Services — 1155 32nd Ave SW, Vero Beach, FL 32968
Frequently Asked Questions
What type of property is this?
Flex space - Leased industrial property with separately metered bays, individual restrooms, and Commercial Heavy zoning.
Where is this flex space located?
The property is located at 820 35th Court 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: 7,500‑square‑foot industrial flex building on 0.94 acres; Three independent bays, each with its own electric meter and restroom; Fully leased with 2 years remaining
