Property profile

7400-7412 Us 1 Hwy Vero Beach, FL 32967

OFF-MARKET
Industrial properties
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Property summary

AI-generated overview

This 6,600-square-foot flex space in Vero Beach, Florida, is ideally situated at 7400-7412 US Highway 1, offering exceptional visibility and accessibility. The single-tenant building boasts 33 parking spaces and a convenient walk-up entrance from the parking lot. Featuring four total entrances (front and rear), the current layout is well-suited for a medical office, with a reception area, two restrooms, a kitchen, and seven to eight individual offices. An adjacent area offers potential for outdoor seating, subject to negotiation. The property benefits from 240 feet of frontage on US-1, a high-traffic area with over 28,000 vehicles per day, ensuring significant exposure. Lease terms include prominent monument signage. The property is zoned CL and sits in a high-growth area, with numerous new residential developments underway. A new Publix shopping center is projected to open on CR 510 in 2024, just minutes away. On-site property management ensures efficient building operations. Available September 1, 2024. The property's APN is 32390300000300000022.0.

Property profile

Verified
Property type Industrial properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7400-7412 Us 1 Hwy Vero Beach, FL 32967
Vero Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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