Warehouse with Oversized Overhead
936 19th Avenue SW, Vero Beach, FL 32962
For Sale
$985,000
CommercialSale, Vero Beach, FL
Property Size3,500 SF
Lot Size0.32 Acres
Price / SF$281.43
Days on Market192
Property Features for 936 19th Avenue SW
General Information
Property type
Property subtype
Property condition
Zoning
Zoning description
Parking
Subdivision
Lot features
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Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Dale Sorensen Real Estate Inc.
(772) 231-4712
Listed By:
Christine M Hughes · License FL #0704916
(772) 532-8894
Added: May 5
Changed: Oct 2
Last Checked: Nov 12 at 7:06PM
MLS# 297131
Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Under construction, this steel warehouse is planned at 3,500 square feet on a 0.32-acre site. The building includes 20-foot ceilings, three 14-by-14-foot roll-up overhead doors, four bathrooms and 11 parking spaces. Concrete flooring, a metal roof, impact-rated metal construction and a 6-inch concrete slab rated at 4,000 PSI are specified. Electrical service is 400 amps, three-phase. The property is zoned CH (Commercial Heavy).
The site measures 100 feet wide by 139 feet deep and includes a lift station and StormTech water storage system. Public water and private sewer are listed. The building has been pre-permitted for division into two units, with the seller offering to complete the split at the buyer’s request.
The site measures 100 feet wide by 139 feet deep and includes a lift station and StormTech water storage system. Public water and private sewer are listed. The building has been pre-permitted for division into two units, with the seller offering to complete the split at the buyer’s request.
Key Highlights
- 3,500‑square‑foot warehouse on 0.32 acres
- Three 14x14 roll‑up overhead doors and 20‑foot ceilings
- 400‑amp, three‑phase electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,209
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,180
$564.2K
Cap Rate 7%
$402,986
$403.0K
Cap Rate 9%
$313,433
$313.4K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$34.9K $9.96/SF
− Vacancy
−$1.7K −$0.48/SF
EGI
$33.2K $9.48/SF
− OpEx
−$5.0K −$1.42/SF
NOI
$28.2K $8.06/SF
Area
Indian River County, FL
Vacancy
4.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,180
Cap Rate 7%
$402,986
Cap Rate 9%
$313,433
Alternative Uses
Best Use
Warehouse
$403.0K
$352.6K – $470.2K
NOI $28,209 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$767.6K
$671.6K – $895.5K
NOI $53,730 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 32962, FL
26,011
Population
12,705
Households
2
Avg Household Size
49
Median Age
25%
College-Educated
90%
High-School Grad
12.5 sq mi
ZIP Area
2,081
Density / Sq Mi
$65,137
Median Household Income
$32,617
Median Earnings
$1,184
Median Rent
$247,700
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Vero Beach, FL
Properties on Market for Warehouses in Vero Beach
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- StoreRight Self Storage — 1755 Oslo Rd, Vero Beach, FL 32962
- Oslo Road Open Storage — 1250 9th St SW, Vero Beach, FL 32962
- 27th Ave Office & Storage aka Courtside Storage — 445 27th Ave SW, Vero Beach, FL 32968
Frequently Asked Questions
What type of property is this?
Warehouse - New construction offers flexible warehouse space with a buyer-requested option to divide the building into two units.
Where is this warehouse located?
The property is located at 936 19th Avenue SW Vero Beach, FL.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 3,500‑square‑foot warehouse on 0.32 acres; Three 14x14 roll‑up overhead doors and 20‑foot ceilings; 400‑amp, three‑phase electrical service
