Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail/Office Space on US-1 Title is generated by Realmo AI

    600 6th Ave, Vero Beach, FL 32962

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Bright retail or office space available in a busy area.

    Type:Retail, Office, Restaurant
    Added:
    Mar 23, 2023
    Days on Market:
    1148
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 600 6th Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 600 6th Ave Contact us

    $16 /Mo

    Size
    Type
    Retail, Office, Restaurant
    Retail 3,500 sq ft commercial space, can be divided; positioned on a vibrant high-traffic...
    show more
    Contact us

    We can help!

    Listing Contact
    Larysa Torkaman
    Larysa Torkaman

    Listing agent Larysa Torkaman License #3138115

    Listing office Florida R.E. Acquisitions LLC

    Listing date Mar 23, 2023

    Source Crexi

    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 Florida R.E. Acquisitions LLC

    HighLights

    • Excellent location on US‑1 with high visibility.
    • Join well‑known businesses: Dollar General, T‑Mobile/Metro, Subway, Pet Center, Nail Art, Dunkin Donuts.
    • High traffic count: +-23,500 cars.
    • Bright and light retail/office space.
    • High visibility monument signage.
    • Possible kitchen build out.

    Overview

    This bright and light retail or office space, Unit 9, is available now and located next to Garcia Market. A kitchen build-out is possible. The property benefits from its location on US-1, joining well-known businesses such as Dollar General, T-Mobile/Metro, Subway, Pet Center, Nail Art, and Dunkin Donuts. High visibility monument signage is available. The traffic count is approximately 23,500 cars.
    Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Mobile Phone Store Cindi's Pet & Aquarium ... (Bike/Boat/Book/etc) Store Garcia Mexican Store Grocery & Convenience Store Mardi Gras Arcade Gambling House Seaside Bible Church Church

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3848654
    Latitude
    27.6115681

    Nearby Similar for Lease

    • $2,000/Mo

      Vero Beach Office Suite

      Two-room office suite available for rent in Vero Beach.
      4560 Us Highway 1, Vero Beach, FL 32967
      View Details
    • $7,500/Mo

      Vero Beach Commercial Space

      Commercial space suitable for medical or office use in Vero Beach.
      3660 20th Street, Vero Beach, FL 32960
      View Details
    • $12 SF/Yr

      Vero Beach Warehouse with Loading

      14,000 SF warehouse with loading docks and ample parking.
      925 SW 74th Ave SW, Vero Beach, FL 32968
      View Details
    • $24 SF/Yr

      Vero Beach Commercial Lease Opportunity

      Multi-site commercial lease in Vero Beach's growing corridor.
      816 SW 11th Dr Drive SW, Vero Beach, FL 32962
      View Details
    • $31 SF/Yr

      Vero Beach Commercial Space

      Renovated 2,640 SF space near I-95 in Vero Beach.
      8801 20 Street, Vero Beach, FL 32966
      View Details
    • $18 SF/Yr

      Vero Beach Retail Space Available

      3,600 SF retail space with modern design for lease.
      1880 82nd Avenue, Vero Beach, FL 32966
      View Details
    • $24 SF/Yr

      Vero Beach Commercial Corridor Lease

      Strategically located commercial property in Vero Beach, Florida.
      806 SW 11th Dr Drive SW, Vero Beach, FL 32962
      View Details
    • Contact for pricing

      Versatile Commercial Space For Lease

      5,000 SF open space suitable for retail, medical, or restaurant.
      1635 14 Ave, Vero Beach, FL 32960
      View Details
    • $18 SF/Yr

      COMMERCIAL - Vero Beach, FL

      1635 14 Avenue, Vero Beach, FL 32960
      View Details
    • $24 SF/Yr

      Vero Beach Flex Space Available

      Multi-site opportunity in Vero Beach's growing commercial corridor.
      816 SW 11th Dr Dr SW, Vero Beach, FL 32962
      View Details
    • $2,000/Mo

      Office Suite on US 1

      Two-room office suite with private entrance and parking.
      4560 Us Highway 1, Vero Beach, FL 32967
      View Details
    • Sponsored
      Contact for pricing

      Miracle Mile Plaza

      601 21St St, Unit 300, Vero Beach, FL 32960
      View Details

    FAQs

    What type of property is this?
    Retail space - Bright retail or office space available in a busy area.
    Where is this retail space located?
    The property is located at 600 6th Ave Vero Beach, FL.
    What are key features of this property?
    This property features: Excellent location on US‑1 with **high visibility**.; Join well‑known businesses: Dollar General, T‑Mobile/Metro, Subway, Pet Center, Nail Art, Dunkin Donuts.; High traffic count: +-23,500 cars.
    (561) 909-9575 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Larysa Torkaman
    Larysa Torkaman
    Real Estate License ID: 3138115
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    600 6th Ave, Vero Beach, FL 32962
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!