Clear-Span Industrial
For Sale
Under Contract
$1,290,000
925 13th Lane, Vero Beach, FL
COMMERCIAL - Vero Beach, FL
Property Size5,580 SF
Lot Size0.32 Acres
Price / SF$231.18
Days on Market107
Property Features for 925 13th Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IG
Parking
10
Subdivision
6341 - County Southeast (IR)
Standard status
Active Under Contract
APN
33391200000300000038
Size
5,580 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 12 TWP 33 RNG 39 MORE FULLY DESC AS COM AT THE NE COR OF THE SE QTR OF THE NW QTR OF SEC 12 TH RUN S FOR A DIS OF 204.23 FT TH RUN W FOR
Tax Annual Amount
2746
Legal Description
SEC 12 TWP 33 RNG 39 MORE FULLY DESC AS COM AT THE NE COR OF THE SE QTR OF THE NW QTR OF SEC 12 TH RUN S FOR A DIS OF 204.23 FT TH RUN W FOR
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Number of units
1
Building materials
CBS, Concrete, Concrete Block - No Stucco, Metal Frame
Roof type
Metal
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Christopher John Flaig ll · License #3495792
(772) 766-2001
Added: Apr 29
Changed: Aug 4
Last Checked: Aug 13 at 3:06AM
MLS# B26021902
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,580-square-foot industrial warehouse is configured with a clear-span interior and private office. The open floor plan allows flexible arrangement for storage, operations, light manufacturing, and service-oriented activities. The building was constructed in 1990 and includes a metal roof, concrete block construction, electricity availability, public water, and a septic tank.
The 0.32-acre property at 925 13th Lane is located immediately off US Highway 1 in Vero Beach. State Road 60 and Interstate 95 provide regional connectivity, while the 17th Street Bridge offers access toward the barrier island. The property carries IG zoning in Indian River County, supporting a broad range of industrial, service, and contractor uses.
The 0.32-acre property at 925 13th Lane is located immediately off US Highway 1 in Vero Beach. State Road 60 and Interstate 95 provide regional connectivity, while the 17th Street Bridge offers access toward the barrier island. The property carries IG zoning in Indian River County, supporting a broad range of industrial, service, and contractor uses.
Key Highlights
- 5,580 SF clear‑span industrial warehouse with an open interior and private office
- 0.32‑acre property at 925 13th Lane, Vero Beach, FL
- IG industrial zoning in Indian River County
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
$79,610
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
6.17%
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%
$1,592,200
$1.6M
Cap Rate 7%
$1,137,286
$1.1M
Cap Rate 9%
$884,556
$884.6K
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
$130.6K $23.40/SF
− Vacancy
−$8.1K −$1.45/SF
EGI
$122.5K $21.95/SF
− OpEx
−$42.9K −$7.68/SF
NOI
$79.6K $14.27/SF
Area
Indian River County, FL
Vacancy
6.20%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
35.00%
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%
$1,592,200
Cap Rate 7%
$1,137,286
Cap Rate 9%
$884,556
Alternative Uses
Best Use
Flex RnD
$1.14M
$995.1K – $1.33M
NOI $79,610 @ 7.0% cap · market cap 6.17%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Open warehouse configuration with private office and IG industrial zoning supports storage, service, and light manufacturing uses.
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 an open interior and private office; 0.32‑acre property at 925 13th Lane, Vero Beach, FL; IG industrial zoning in Indian River County
