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    4625 Florida A1A Vero Beach, FL 32963

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    4625 Florida A1A Vero Beach, FL 32963

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    • Office properties & Spaces

    Property Details for 4625 Florida A1A

    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional Class A office suite, totaling 1,204 square feet, offers stunning lagoon views and unparalleled visibility on A1A, enhanced by prominent monument signage. Located in Indian River County, this single-tenant space boasts convenient direct entry from the parking lot, eliminating the need for lengthy walks. The well-designed Suite 9 layout includes three private offices, a dedicated conference room, a private restroom, and a practical kitchenette, providing a complete and functional workspace. The property is zoned (C-1A) Tourist Commercial Services, catering to a variety of professional businesses. Ample parking is available on-site, with approximately 53 spaces for tenants and visitors. City water and FPL electricity are readily available. The suite is immediately available, with a lease rate of $2,809.33 per month plus sales tax, translating to $28.00 per square foot. This prime location presents a unique opportunity for businesses seeking a prestigious and highly visible office space in a desirable setting. The space is ready for occupancy on January 15, 2025. Don't miss this chance to secure this exceptional office suite.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3618
    Latitude
    27.669

    Comparable in this City

    • Value Estimation by Request
      35,000 SF

      1701 Florida A1A

      Office Units • 35,000 SF
      1701 Florida A1A, Vero Beach, FL 32963
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    • Value Estimation by Request
      20,000 SF

      5070 Florida A1A

      Office properties & Spaces • 20,000 SF
      5070 Florida A1A, Vero Beach, FL 32963
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    • Value Estimation by Request
      1,335 SF

      4445 Hwy 1st Ste, Unit 150

      CONDOMINIUM OFFICES • 1,335 SF
      4445 Hwy 1st Ste, Vero Beach, FL 32963-5444
      View Details
    • Value Estimation by Request
      1,139 SF

      1020 Easter Lily Ln

      CONDOMINIUM OFFICES • 1,139 SF
      1020 Easter Lily Ln, Vero Beach, FL 32963-1925
      View Details
    • Value Estimation by Request
      1,192 SF

      3003 Cardinal Dr Ste A

      CONDOMINIUM OFFICES • 1,192 SF
      3003 Cardinal Dr Ste A, Vero Beach, FL 32963-1980
      View Details
    • Value Estimation by Request
      1,192 SF

      3003 Cardinal Dr Ste C

      CONDOMINIUM OFFICES • 1,192 SF
      3003 Cardinal Dr Ste C, Vero Beach, FL 32963-1980
      View Details

    Similar Nearby for Sale

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    • $1,200,000
      0.68 Acres

      Riverfront Parcel in Vero Beach

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    Similar Nearby for Lease

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    • $25 SF/Yr

      Ocean Drive Retail Space Available

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    Vero Beach, FL 32963
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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