Industrial Flex Building with
825 EIGHTH ST, Vero Beach, FL 32962
For Sale
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Ready-to-occupy industrial flex site with warehouse, office, multiple roll-up doors, and a large improved hardstand yard.
Property Size5,200 SF
Lot Size2.35 Acres
Price / SF$403.85
Days on Market157
Property Features for 825 EIGHTH ST
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Warehouse & Industrial
Clear Height
Drive-In Doors
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Panther Capital Group
Listed By:
Guillermo de Nicolas · License #FL3440959
Source:
Crexi
Added: Jun 4
Changed: Oct 26
Last Checked: Nov 6 at 5:15AM
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 Panther Capital Group
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Investment Insights
Based on property information with market context.
This improved industrial and commercial flex property includes a 5,200 SF building comprised of 3,600 SF of warehouse space and 1,600 SF of office space. The warehouse is served by four roll-up doors and offers 14-foot clear height. The site also features a large improved hardstand yard designed to support vehicle and outdoor operations. The property sits on 2.35 acres and includes a Phase I ESA that is complete.
Located in Vero Beach’s established industrial corridor, the site is set up for flexible industrial use. Dual zoning is confirmed with Indian River County Planning, with the property designated Light Industrial and Heavy Commercial. Vehicle and outdoor storage is permitted on the IL portion under the Transportation & Utilities use category, also confirmed in writing by Indian River County Planning.
Permitted uses encompass a wide range of industrial and service activities, including contractors and trades, warehousing and distribution, trucking depots, vehicle and outdoor storage, auto repair and dealerships, light manufacturing, machine shops, marine services, wholesale distribution, and nursery or horticultural operations. With no major entitlement risk indicated and the Phase I ESA complete, this property offers an operator-friendly setup for day-one use where both warehouse and office space are needed.
Located in Vero Beach’s established industrial corridor, the site is set up for flexible industrial use. Dual zoning is confirmed with Indian River County Planning, with the property designated Light Industrial and Heavy Commercial. Vehicle and outdoor storage is permitted on the IL portion under the Transportation & Utilities use category, also confirmed in writing by Indian River County Planning.
Permitted uses encompass a wide range of industrial and service activities, including contractors and trades, warehousing and distribution, trucking depots, vehicle and outdoor storage, auto repair and dealerships, light manufacturing, machine shops, marine services, wholesale distribution, and nursery or horticultural operations. With no major entitlement risk indicated and the Phase I ESA complete, this property offers an operator-friendly setup for day-one use where both warehouse and office space are needed.
Key Highlights
- 5,200 SF industrial/commercial building built in 1975: 3,600 SF warehouse and 1,600 SF office
- Warehouse features four roll‑up doors and 14‑foot clear height
- 2.35 acres total with a large improved hardstand yard for vehicle and outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,188
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,760
$1.5M
Cap Rate 7%
$1,059,829
$1.1M
Cap Rate 9%
$824,311
$824.3K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$121.7K $23.40/SF
− Vacancy
−$7.5K −$1.45/SF
EGI
$114.1K $21.95/SF
− OpEx
−$39.9K −$7.68/SF
NOI
$74.2K $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%
$1,483,760
Cap Rate 7%
$1,059,829
Cap Rate 9%
$824,311
Alternative Uses
Best Use
Flex RnD
$1.06M
$927.4K – $1.24M
NOI $74,188 @ 7.0% cap · market cap 3.53%
Second Best
Warehouse
$598.7K
$523.9K – $698.5K
NOI $41,910 @ 7.0% cap · market cap 2.00%
Theoretical Best
Specialty Retail
$1.14M
$997.8K – $1.33M
NOI $79,827 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14 ft
Clear height
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 32962, FL
26,011
Population
12,705
Households
2
Avg Household Size
49
Median Age
25%
College-Educated
90%
High-School Grad
12.5 sq mi
ZIP Area
2,081
Density / Sq Mi
$65,137
Median Household Income
$32,617
Median Earnings
$1,184
Median Rent
$247,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Vero Beach, FL
Properties on Market for Flex space in Vero Beach
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Express Catering Co Inc — 396 11th Ave, Vero Beach, FL 32962
- Cheers & Chasers Mobile Bar — 4th Ln, Vero Beach South, FL 32962
Frequently Asked Questions
What type of property is this?
Flex space - Ready-to-occupy industrial flex site with warehouse, office, multiple roll-up doors, and a large improved hardstand yard.
Where is this flex space located?
The property is located at 825 EIGHTH ST Vero Beach, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5,200 SF industrial/commercial building built in 1975: 3,600 SF warehouse and 1,600 SF office; Warehouse features four roll‑up doors and 14‑foot clear height; 2.35 acres total with a large improved hardstand yard for vehicle and outdoor storage
