Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2135 Florida A1A Vero Beach, FL 32963
    Back to Search
    Property profile & analytics

    2135 Florida A1A Vero Beach, FL 32963

    View on Map
    • Land
    • 0.91 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2135 Florida A1A

    Lot size
    0.91 lot acres
    Property type
    Land

    Description

    This exceptional 0.91-acre residential lot in Vero Beach, Florida, presents a rare opportunity to build your dream estate home. Located at 2135 Florida A1A, in the desirable RS1 zoning district of Indian River County, this property boasts direct riverfront access with stunning sunrise and sunset views. Imagine enjoying the tranquil beauty of the waterway, observing dolphins and manatees from your private extended dock. The property includes an existing artesian well, simplifying the construction process. While situated in a Flood zone X location, the elevated position offers breathtaking views and a unique waterfront lifestyle. Comparable sales of homes within a quarter-mile radius range from $5 million to $25 million, indicating significant potential for a high-value custom home. This location offers the best of both worlds: the serene natural beauty of the river and convenient proximity to all that Vero Beach and Hutchinson Island have to offer. The lot's size and location provide exceptional potential for a spec home build, with a projected new home listing price exceeding $6 million for a potential 4,500+ square foot residence. This is an unparalleled opportunity to create a luxurious waterfront estate in a highly sought-after location. The asking price for this remarkable property is $1,395,000.

    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
    -80.3264
    Latitude
    27.5636

    Comparable in this City

    • Value Estimation by Request

      2136 Porpoise Point Ln

      Land
      2136 Porpoise Point Ln, Vero Beach, FL 32963
      View Details
    • Value Estimation by Request

      1746 Ocean Dr

      Land
      1746 Ocean Dr, Vero Beach, FL 32963
      View Details
    • Value Estimation by Request

      2136 Porpoise Point Ln

      Land
      2136 Porpoise Point Ln, Vero Beach, FL 32963
      View Details
    • Value Estimation by Request

      12686 Highway A1A

      Land
      12686 Highway A1A, Vero Beach, FL 32963
      View Details
    • Value Estimation by Request

      11755 Brown Pelican Way

      Land
      11755 Brown Pelican Way, Vero Beach, FL 32963
      View Details
    • Value Estimation by Request
      2,370 SF

      911 Pirate Cv Ln

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,370 SF
      911 Pirate Cv Ln, Vero Beach, FL 32963-5325
      View Details

    Similar Nearby for Sale

    • $6,495,000

      Vero Beach Oceanfront Land Investment

      1.2+ Acre Oceanfront Estate Potential
      2136 Porpoise Point Ln, Vero Beach, FL 32963
      View Details
    • $5,495,000

      Vero Beach Land Opportunity

      Land available on Seaview Drive in Vero Beach, Florida.
      11740 Seaview Dr, Vero Beach, FL 32963
      View Details
    • $439,999

      Land for Sale

      Land available in Indian River County.
      2160 Seminole Shores Ln, Vero Beach, FL 32963
      View Details
    • $675,000

      Vacant Land on Pelican Lane

      Vacant land available on Pelican Lane in Vero Beach.
      1485 Pelican Ln, Vero Beach, FL 32963
      View Details

    Similar Nearby for Lease

    • $44 SF/Yr
      1,540 SF

      Vero Beach Office Space - Highway A1A

      Beachfront Office, Build-to-Suit Available
      9300 Highway A1A, Vero Beach, FL 32963
      View Details
    • $25 SF/Yr

      Ocean Drive Retail Space Available

      Retail space near beach, restaurants, and shopping with parking.
      2855 Ocean Dr, Vero Beach, FL 32963
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2135 Florida A1A
    Vero Beach, FL 32963
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2135 Florida A1A, Vero Beach, FL, 32963
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!