Clear Span Industrial
For Sale
$1,290,000
925 13th Lane, Vero Beach, FL 32960
Clear span warehouse with private office, positioned for industrial uses off US Highway 1 in Vero Beach.
Property Size5,580 SF
Price / SF$231.18
Days on Market121
Property Features for 925 13th Lane
General Information
Standard status
Active
Size
5,580 SF
Property subtype
General Commercial
Zoning
IG
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,746
Amenities
3
10 Parking Spaces.
Building Details
Year Built
1990
Listing Agency:
LPT Realty
(772) 766-2001
Listed By:
Christopher Flaig · License #3495792
(772) 766-2001
Source:
Xome
Added: Apr 26
Changed: Aug 23
Last Checked: Aug 16 at 2:55AM
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 LPT Realty
Investment Insights
Based on property information with market context.
925 13th Lane is a 5,580 SF clear span industrial warehouse designed for efficient operations. The building includes an open warehouse area optimized for storage and workflow, plus a private office to support day-to-day administration. The clear span layout helps maximize usable space and can accommodate a range of build-out approaches for different operating needs, including service and contractor-oriented functions, light manufacturing, or other industrial uses.
The property is located in the core of Vero Beach and is zoned Industrial IG, an intensive industrial zoning classification in Indian River County. It sits immediately off US Highway 1, placing it within one of the area’s most active commercial corridors. Nearby access includes the 17th Street Bridge, which provides direct access toward the barrier island and surrounding communities. The location also benefits from proximity to State Road 60 and convenient connectivity to Interstate 95 for regional travel and distribution.
With its clear span floor area and dedicated office, this facility is a practical fit for service-based businesses, specialty trades, contractors, and light industrial users that need flexible space for operations. It also suits companies seeking an operational headquarters for serving residential, retail, and coastal markets, supported by the property’s central access across Indian River County.
The property is located in the core of Vero Beach and is zoned Industrial IG, an intensive industrial zoning classification in Indian River County. It sits immediately off US Highway 1, placing it within one of the area’s most active commercial corridors. Nearby access includes the 17th Street Bridge, which provides direct access toward the barrier island and surrounding communities. The location also benefits from proximity to State Road 60 and convenient connectivity to Interstate 95 for regional travel and distribution.
With its clear span floor area and dedicated office, this facility is a practical fit for service-based businesses, specialty trades, contractors, and light industrial users that need flexible space for operations. It also suits companies seeking an operational headquarters for serving residential, retail, and coastal markets, supported by the property’s central access across Indian River County.
Key Highlights
- 5,580 SF clear span industrial warehouse with efficient open layout and a private office.
- Zoned Industrial IG, one of the most intensive industrial zoning classifications in Indian River County, for industrial and service/contractor uses.
- Clear span design helps maximize usable warehouse space and supports multiple build‑out configurations.
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
$59,712
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%
$1,194,240
$1.2M
Cap Rate 7%
$853,029
$853.0K
Cap Rate 9%
$663,467
$663.5K
Market Conditions
NOI Build-Up for 5,580 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
$97.1K $17.40/SF
− Vacancy
−$17.5K −$3.13/SF
EGI
$79.6K $14.27/SF
− OpEx
−$19.9K −$3.57/SF
NOI
$59.7K $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%
$1,194,240
Cap Rate 7%
$853,029
Cap Rate 9%
$663,467
Alternative Uses
Best Use
Office B
$853.0K
$746.4K – $995.2K
NOI $59,712 @ 7.0% cap · market cap 4.63%
Second Best
Warehouse
$642.5K
$562.2K – $749.6K
NOI $44,973 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,660 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32960, FL
21,522
Population
11,590
Households
1.9
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
1,939
Density / Sq Mi
$52,350
Median Household Income
$30,236
Median Earnings
$1,171
Median Rent
$254,400
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?
Warehouse - Clear span warehouse with private office, positioned for industrial uses off US Highway 1 in Vero Beach.
Where is this warehouse located?
The property is located at 925 13th Lane Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 5,580 SF clear span industrial warehouse with efficient open layout and a private office.; Zoned Industrial IG, one of the most intensive industrial zoning classifications in Indian River County, for industrial and service/contractor uses.; Clear span design helps maximize usable warehouse space and supports multiple build‑out configurations.
