Corner Property with Income
915 Old Dixie Hwy SW Vero Beach, FL 32962
For Sale
Contact for pricing
High visibility corner property with office and future development potential.
Property Size2,214 SF
Lot Size1.15 Acres
Price / SF$313.91
Days on Market1255
Property Features for 915 Old Dixie Hwy SW
General Information
- Standard status
- Active
- Size
- 2,214 SF
- Lot size
- 1.15 Acres
- Property subtype
- Land
Listing Agency:
Lambert Commercial Real Estate Inc
(772) 778-2334
Listed By:
Ron Lambert · License #FL 531778
Source:
Crexi
Added: Feb 17, 2023
Changed: Jul 6
Last Checked: Jul 25 at 10:10AM
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 Lambert Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
This 1.15-acre corner property is located on Old Dixie Hwy SW and Oslo Road, offering 450 feet of road frontage. It features a 2-story office building with 2,214 square feet, constructed in 1922, which could be used by the buyer or for rental income. The property is zoned (CG) General Commercial. Utilities include county water, septic, and FPL electric. The property offers income potential and the possibility of future development. An access easement can be created to provide access to Oslo Road. Real estate taxes are $4,799.00 (2025).
Key Highlights
- High visibility corner property with 450 feet of road frontage.
- 2‑story office building (2,214 SF) suitable for owner use or rental income.
- 1.15‑acre lot on the corner of Old Dixie Hwy SW & Oslo Road.
Financial Insights For Office B
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 | $38.5k | $17.40 |
| − Vacancy | −$6.9k | −$3.13 |
| EGI | $31.6k | $14.27 |
| − OpEx | −$7.9k | −$3.57 |
| NOI | $23.7k | $10.70 |
2,214 SF · lease $17.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$338.5K
$296.2K – $394.9K
NOI $23,692 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$485.5K
$424.9K – $566.5K
NOI $33,988 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Geodessey Research
Research Institute
Brent Holladay
Marriage Or Relationship Counselor
Grace Counseling Services
Counselor
Peirce Associates Inc.
Design
🏆 Direct Connect Auto ...
Trucking Company
FAQs
What type of property is this?
Commercial land - High visibility corner property with office and future development potential.
Where is this commercial land located?
The property is located at 915 Old Dixie Hwy SW Vero Beach, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: High visibility corner property with 450 feet of road frontage.; **2‑story office building (2,214 SF) suitable for owner use or rental income.**; 1.15‑acre lot on the corner of Old Dixie Hwy SW & Oslo Road.
