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    2095 Us-1 Vero Beach, FL 32962

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    2095 Us-1 Vero Beach, FL 32962

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    • Retail properties & Spaces
    • 9,002 SF
    • 2.54 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2095 Us-1

    Year built
    2024
    Lot size
    2.54 lot acres
    Property size
    9,002 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a brand-new, 9,002-square-foot Dollar General store in Vero Beach, Florida. Built in 2024, this Class A, single-tenant property sits on a 2.54-acre lot with prominent US Highway 1 frontage, ensuring high visibility and traffic exposure. The property boasts 47 parking spaces and is zoned CG. A new 15.1-year lease commenced September 11, 2024, and includes three 5-year renewal options with 10% rent increases at the start of each renewal. The current Net Operating Income (NOI) is $174,552, yielding a 5.50% cap rate. The asking price is $3,173,672. This is a fee-simple ownership, NNN lease with a credit-rated, corporate-guaranteed tenant. Dollar General, a nationally recognized investment-grade tenant (BBB/Baa2), occupies the entire space at 100% occupancy. The property benefits from its location in a high-growth area, with Vero Beach experiencing consistent population and economic growth. This is a rare opportunity to acquire a stable, long-term investment with a strong tenant and significant upside potential. The lease expires October 31, 2039.

    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
    -80.3694
    Latitude
    27.5633

    Comparable in this City

    • Value Estimation
      $690,000
      8,316 SF

      210 Old Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 8,316 SF
      210 Old Dixie Hwy, Vero Beach, FL 32962-2929
      View Details
    • Value Estimation
      $1,055,000
      9,800 SF

      2004 Us Hwy 1st 1

      RETAIL STORES (PERSONAL SERVICES) • 9,800 SF
      2004 Us Hwy 1st 1, Vero Beach, FL 32962-7237
      View Details
    • Value Estimation by Request
      288 SF

      695 Us Hwy 1st 1

      RETAIL STORES (PERSONAL SERVICES) • 288 SF
      695 Us Hwy 1st 1, Vero Beach, FL 32962-1606
      View Details
    • Value Estimation
      $840,000
      7,000 SF

      1365 Us Hwy 1st 1

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      1365 Us Hwy 1st 1, Vero Beach, FL 32962-6408
      View Details
    • Value Estimation
      $2,500,000
      15,952 SF

      915 Us Hwy 1st 1

      RETAIL STORES (PERSONAL SERVICES) • 15,952 SF
      915 Us Hwy 1st 1, Vero Beach, FL 32962-5602
      View Details
    • Value Estimation
      $1,410,000
      12,960 SF

      676 Us Hwy 1st 1

      RETAIL STORES (PERSONAL SERVICES) • 12,960 SF
      676 Us Hwy 1st 1, Vero Beach, FL 32962-1667
      View Details

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    Vero Beach, FL 32962
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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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