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    620 Old Dixie Hwy Vero Beach, FL 32962

    For Lease
    $15 SF/Yr

    Two-building office complex, 20,880 SF, Vero Beach.

    Lot size:
    20,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, Blue Heron Plaza, presents a unique investment opportunity in Vero Beach, Florida. Situated at 620 Old Dixie Hwy SW, this complex boasts a total of 20,880 square feet of space, strategically divided into two separate buildings, each encompassing 10,440 square feet. Built in 1985, the single-story structures are situated on a 1.55-acre lot within the CL Limited Commercial District of Indian River County. The property currently features sixteen individual suites, ideal for multiple tenants. Ample parking is provided with 110 spaces available for tenants and visitors. The buildings benefit from 100% central air conditioning, ensuring year-round comfort. The property's location is north of the intersection of Oslo Road and Dixie Highway, offering excellent visibility and accessibility. Currently, one large suite of 8,600 square feet is available for lease. This property is zoned for limited commercial use, making it suitable for a variety of office-based businesses. The property's size, location, and amenities make it an attractive option for investors and businesses seeking a well-established presence in the Vero Beach market. The property's location in the Vero Beach submarket provides easy access to local amenities and a strong workforce.

    Property Features for 620 Old Dixie Hwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,880 SF
    Total Rate
    26100

    Building Details

    Year Built
    1985
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Unit 638-650
    Size
    8,600 SF
    Rate per SF
    $15

    HighLights

    • Large signage on new pylon sign.
    • Convenient location near US‑1 and Oslo Road.
    • Situated in a rapidly growing area of South Vero Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rhythm & Soul Dance ... Dance School Blue Heron Plaza Shopping Mall Design First Inc General Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -80.381431123621
    Latitude
    27.591971257364

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    FAQs

    What type of property is this?
    Office Property / Space - Two-building office complex, 20,880 SF, Vero Beach.
    Where is this office property / space located?
    The property is located at 620 Old Dixie Hwy Vero Beach, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Large signage on new pylon sign.; Convenient location near US-1 and Oslo Road.; Situated in a rapidly growing area of South Vero Beach.
    Request Owner's contact information
    620 Old Dixie Hwy Vero Beach, FL 32962
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    Vero Beach, FL 32962
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    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
    620 Old Dixie Hwy Vero Beach, FL 32962
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