Turnkey Office Suite with Dual
For Sale
Contact for pricing
9015 Americana Road, Vero Beach, FL 32966
Turnkey office suite with reception, private offices, restroom, storage, impact glass, and both front and rear entrances.
Property Size2,320 SF
Price / SF$231.03
Days on Market93
Property Features for 9015 Americana Road
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Retail, Office
Zoning
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Tenancy
Single
Listing Agency:
Mills Commercial Real Estate Group LLC
(772) 562-0018
Listed By:
Bill Mills · License #FL BK3304531
Source:
Crexi
Added: May 22
Changed: Aug 19
Last Checked: Aug 21 at 10:29PM
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 Mills Commercial Real Estate Group LLC
Investment Insights
Based on property information with market context.
This professionally finished, turnkey office suite includes a reception lobby, one private office plus, a private restroom, and a storage room. The build features heavy-duty construction and impact glass. As a center unit, it offers additional windows to support natural light in the office areas.
The suite provides both front and rear entrance access. Convenient access to Highway 60 and I-95 supports everyday commuting and business travel.
Vacant and ready for immediate occupancy, the layout is designed for a straightforward front-office experience with separate private space and essential support rooms already in place.
The suite provides both front and rear entrance access. Convenient access to Highway 60 and I-95 supports everyday commuting and business travel.
Vacant and ready for immediate occupancy, the layout is designed for a straightforward front-office experience with separate private space and essential support rooms already in place.
Key Highlights
- Professionally finished, turnkey office suite built in 2005
- Reception lobby, one private office plus additional private office space, restroom, and storage room
- Heavy‑duty construction with impact glass for the office suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,826
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,520
$496.5K
Cap Rate 7%
$354,657
$354.7K
Cap Rate 9%
$275,844
$275.8K
Market Conditions
NOI Build-Up for 2,320 SF
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.
Gross rent
$40.4K $17.40/SF
− Vacancy
−$7.3K −$3.13/SF
EGI
$33.1K $14.27/SF
− OpEx
−$8.3K −$3.57/SF
NOI
$24.8K $10.70/SF
Area
Indian River County, FL
Vacancy
18.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,520
Cap Rate 7%
$354,657
Cap Rate 9%
$275,844
Alternative Uses
Best Use
Office B
$354.7K
$310.3K – $413.8K
NOI $24,826 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$508.8K
$445.2K – $593.6K
NOI $35,615 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 32966, FL
19,724
Population
11,887
Households
1.7
Avg Household Size
62
Median Age
33%
College-Educated
97%
High-School Grad
259.8 sq mi
ZIP Area
76
Density / Sq Mi
$63,144
Median Household Income
$39,945
Median Earnings
$1,442
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey office suite with reception, private offices, restroom, storage, impact glass, and both front and rear entrances.
Where is this office units located?
The property is located at 9015 Americana Road Vero Beach, FL.
What is the asking price?
The asking price for this property is $536,000.
What are key features of this property?
This property features: Professionally finished, turnkey office suite built in 2005; Reception lobby, one private office plus additional private office space, restroom, and storage room; Heavy‑duty construction with impact glass for the office suite
