Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    915 Old Dixie Hwy Vero Beach, FL 32962

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.16 AC Commercial Land, High Visibility

    Property Features for 915 Old Dixie Hwy

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Ron Lambert
    Ron Lambert

    Listing Agent: Ron Lambert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Exceptional investment opportunity in Vero Beach, Florida! This 2.16-acre commercial property boasts a prime location on Old Dixie Hwy SW and Oslo Road, offering over 570 feet of road frontage and high visibility. The property includes a 2,214 sq ft two-story office building (built 1922) and a 1,096 sq ft house (built 1950), presenting potential for immediate income or future redevelopment. The lot size is 94,089 sq ft, zoned (CG) General Commercial, allowing for diverse development options. The property features county water and septic, with FPL electric. Current pro-forma NOI is $47,686, resulting in a 3.23% cap rate at the asking price of $1,475,000. 2022 property taxes were $7,754.69. The seller may consider selling the corner parcel (1.15 acres) and the house (1.06 acres) separately. This is a rare opportunity to acquire a substantial commercial property in a thriving location with significant upside potential. Don't miss out on this exceptional investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Geodessey Research Research Institute Brent Holladay Marriage Or Relationship Counselor Grace Counseling Services Counselor Peirce Associates Inc. Architect 🏆 Direct Connect Auto ... Trucking Company

    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
    -80.3807627
    Latitude
    27.5863467

    Nearby Similar for Sale

    • New
      $900,000
      247,420 SF

      Vero Beach Land with Building

      5+/- acre lot with 10,575 sq ft building.
      6205 65Th St, Vero Beach, FL 32967
      View Details
    • $799,000
      0.59 Acres

      Vero Beach Investment Opportunity

      Investment opportunity in prime location near beaches and shopping plaza.
      148 Vista Royale Sq, Vero Beach, FL 32962
      View Details
    • $79,000
      4,600 SF

      Established Business in Vero Beach

      Turnkey business opportunity with vintage decor and furnishings in Florida.
      1642 Old Dixie Hwy, Vero Beach, FL 32960
      View Details
    • $3,000,000
      6,900 SF

      Vero Beach Restaurant Building

      High-visibility restaurant building with exceptional commercial opportunity in Vero Beach.
      3700 9Th St SW, Vero Beach, FL 32968
      View Details
    • $1,100,000
      950 SF

      Turnkey Cafe/Restaurant Opportunity

      Fully equipped cafe with expansive outdoor seating in Vero Beach.
      3700 9Th St SW, Vero Beach, FL 32968
      View Details
    • New
      $349,000

      Unique Upgraded Storage Unit

      Luxury storage unit with upgrades and high hurricane standards.
      956 12Th St, Vero Beach, FL 32960
      View Details
    • $79,000
      11,163 SF

      Established Business in Vero Beach

      Turnkey business with vintage decor, furnishings, and hand-crafted items.
      1642 Old Dixie Hwy, Vero Beach, FL 32960
      View Details
    • Contact for pricing

      Vero Beach Retail Suite

      Two-room retail suite with private bath and parking.
      4560 Us Highway 1, Vero Beach, FL 32967
      View Details
    • $110,000

      Profitable Dual-Revenue Business Opportunity

      Established pet grooming and aquatics retail business for sale.
      1135 Us Highway 1, Vero Beach, FL 32960
      View Details
    • $7,900,000
      90,000 SF

      Vero Beach Industrial Property

      16.56-acre industrial property with 90,000+/- sq ft warehouse.
      2600 45Th St, Vero Beach, FL 32967
      View Details
    • $399,999

      Vero Beach Duplex For Sale

      Refreshed duplex in downtown Vero Beach with fenced yards.
      1246-1248 17Th Pl, Vero Beach, FL 32960
      View Details
    • $750,000
      1,200 SF

      Vero Beach Commercial Building

      Commercial building with excellent exposure and expansion potential.
      866 11Th Ct SW, Vero Beach, FL 32962
      View Details

    FAQs

    What type of property is this?
    Land - 2.16 AC Commercial Land, High Visibility
    Where is this land located?
    The property is located at 915 Old Dixie Hwy Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: Exceptional Vero Beach, FL investment opportunity: 2.16-acre commercial lot with 570+ ft of road frontage on Old Dixie Hwy SW & Oslo Rd.; Property includes a 2,214 sq ft two-story office building (1922) and a 1,096 sq ft house (1950), offering immediate income potential.; 94,089 sq ft lot zoned CG (General Commercial) allows diverse development options.
    (772) 778-2334 Call to check price and availability
    Request Owner's contact information
    915 Old Dixie Hwy Vero Beach, FL 32962
    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.
    915 Old Dixie Hwy
    Vero Beach, FL 32962
    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
    915 Old Dixie Hwy Vero Beach, FL 32962
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ron Lambert
    Ron Lambert
    Real Estate License ID: 531778
    (772) 778-2334 (772) 538-3930
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!