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    1260 37Th St Vero Beach, FL 32960

    Sponsored
    For Lease
    $28 SF/Yr

    5,712 SF Medical Office for Sale

    Lot size:
    10,668 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,712 square foot medical office space is ideally situated in Vero Beach, Florida, directly across from the Cleveland Clinic Indian River Hospital. Located within a larger 10,668 square foot medical office building (MOB) on a 1.55-acre corner lot, this single-story property boasts excellent visibility and accessibility. The building, constructed in 1991, features a generous 6.8/1000 parking ratio, ensuring ample parking for patients and staff. The suite itself offers a thoughtfully designed layout including a spacious waiting room, reception area, thirteen exam rooms, two large procedure rooms, a dedicated physical therapy/treatment area, staff break room, physician offices, multiple restrooms, and storage areas. Previously occupied by an orthopedic practice, the space is ready for immediate occupancy. A long-standing dermatology practice serves as a co-tenant. The property benefits from a convenient walk-up entrance from the parking lot and prominent monument signage on 37th Street. The flexible MED zoning allows for a variety of medical uses. This well-maintained property offers excellent curb appeal and is a rare opportunity to acquire a single-story standalone medical office building in a prime hospital district location. The building is classified as Class B and has no elevators. The property's APN is 32392600012000000001.1 in Indian River County.

    Property Features for 1260 37Th St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,668 SF
    Class
    B
    Total Rate
    24892

    Building Details

    Year Built
    1991
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,712 SF
    Rate per SF
    $28

    HighLights

    • Free‑standing, single‑story building in hospital district.
    • High‑visibility location on a main street in the Hospital District.
    • Ample on‑site parking.
    • Convenient ground‑level access from parking.
    • Efficient medical office layout.
    • No elevator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Tim Ioannides, ... Dermatologist Sheree Ewar Nurse Practitioner Dr Jose Ortega Pain Management Physician Donatas Dudutis General Practitioner Antonio Justado Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -80.397830353025
    Latitude
    27.660696973257

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    FAQs

    What type of property is this?
    Medical office - 5,712 SF Medical Office for Sale
    Where is this medical office located?
    The property is located at 1260 37Th St Vero Beach, FL.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Free-standing, single-story building in hospital district.; High-visibility location on a main street in the Hospital District.; Ample on-site parking.
    Request Owner's contact information
    1260 37Th St Vero Beach, FL 32960
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    Vero Beach, FL 32960
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    Realmo Value Estimation

    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

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    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.

    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
    1260 37Th St Vero Beach, FL 32960
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