Commercial Land with As-Is
For Sale
$675,000
830 21st Street, Vero Beach, FL 32960
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
Amenities
3
.4
US Highway, State Road, Paved Road.
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
Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 40%
Electronics 4%
Taco Bell
Dining
16,003 visits/mo
0.3 miles
BP
Shops & Services
9,174 visits/mo
0.4 miles
KFC
Dining
8,946 visits/mo
0.2 miles
7-Eleven
Shops & Services
5,913 visits/mo
0.4 miles
Abbott's Frozen Custard
Dining
4,589 visits/mo
0.3 miles
Demographics for 32960, FL
21,522
Population
11,590
Households
1.9
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
1,939
Density / Sq Mi
$52,350
Median Household Income
$30,236
Median Earnings
$1,171
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
