Commercial Land with As-Is
830 21st Street Vero Beach, FL 32960
For Sale
$675,000
0.40-acre commercial land with an as-is building on US Highway 1 in Vero Beach’s retail corridor.
Property Size3,135 SF
Price / SF$215.31
Days on Market11
Property Features for 830 21st Street
General Information
Standard status
Active
Size
3,135 SF
Property subtype
Retail
Building Details
Year Built
1947
Listing Agency:
Alex MacWilliam, Inc.
(772) 473-2521
Listed By:
T.P. Kennedy · License #3377487
(772) 473-2521
Source:
Xome
Added: Jul 20
Changed: Jul 29
Last Checked: Jul 30 at 2:32AM
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 Alex MacWilliam, Inc.
Investment Insights
Based on property information with market context.
This commercial land site includes an existing building sold as-is, offering a redevelopment, renovation, owner-occupant, investment, or redevelopment pathway. The property totals 0.40 acres and sits on paved road frontage along US Highway and a state road designation.
The address is 830 21st Street in Vero Beach’s Miracle Mile shopping district. The site is positioned directly on US Highway 1 and is surrounded by established retail, restaurants, professional offices, and major commercial destinations.
The property was built in 1947 and is offered with the adjacent lot also for sale, supporting the option to pursue a larger assemblage.
The address is 830 21st Street in Vero Beach’s Miracle Mile shopping district. The site is positioned directly on US Highway 1 and is surrounded by established retail, restaurants, professional offices, and major commercial destinations.
The property was built in 1947 and is offered with the adjacent lot also for sale, supporting the option to pursue a larger assemblage.
Key Highlights
- 0.40‑acre commercial land with an existing building sold as‑is
- Directly on US Highway 1
- Frontage includes US Highway and state road designation on paved road
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 | $47.0k | $15.00 |
| − Vacancy | −$4.0k | −$1.28 |
| EGI | $43.0k | $13.73 |
| − OpEx | −$12.9k | −$4.12 |
| NOI | $30.1k | $9.61 |
3,135 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$430.3K
$376.5K – $502.0K
NOI $30,120 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$687.5K
$601.6K – $802.1K
NOI $48,126 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - 0.40-acre commercial land with an as-is building on US Highway 1 in Vero Beach’s retail corridor.
Where is this commercial land located?
The property is located at 830 21st Street Vero Beach, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 0.40‑acre commercial land with an existing building sold as‑is; Directly on US Highway 1; Frontage includes US Highway and state road designation on paved road
