3755 7Th Ter Vero Beach, FL 32960
- Medical offices
- 23,812 SF
- 2.11 lot acres
Current Use by Public Records
- Dental Buddies / Orthodontist / Pediatric Dentist
- Stone Jeanne / Dentist
- Larry Landsman, MD / Dermatologist / Doctor
- Advanced Dermatology / Dermatologist
- Dr. Hal W. Brown, MD / Family Practice Physician
Property Details for 3755 7Th Ter
- Year built
- 1999
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.11 lot acres
- Property size
- 23,812 SF
- Zone code
- OCR
- Property type
- Medical offices
- Property subtype
- Medical space
- APN
- 32-39-25-00002-0000-00006.0
- APU
- 9223372036854775807
Description
This exceptional Class A medical office building, located at 3755 7th Terrace in Vero Beach, Florida (zip code 32960), offers 19,700 square feet of prime space. The building, constructed in 1999, features six suites, with a minimum divisible space of 1,316 square feet and a maximum contiguous space of 8,195 square feet. Currently, 18,858 square feet is available for lease. The property boasts ample parking and a single passenger elevator, ensuring convenient access for patients and staff. Its strategic location in the Medical District of Indian River County, near Indian River Blvd & 37th Street, provides excellent visibility and accessibility. The building is zoned MED, reflecting its suitability for medical and professional uses. The property benefits from its proximity to major medical facilities, including the Cleveland Clinic, further enhancing its appeal and potential for success. This is a rare opportunity to secure high-quality medical office space in a thriving Vero Beach medical hub. The building's existing tenants include Advanced Dermatology and Cosmetic Surgery, Dental Buddies of Vero Beach, and Florida Cancer Specialist.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,820,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,360,000
- 6.5%
- $2,495,000
- 7%
- $2,400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,405,000
- Geo Method
- $2,205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,380,000
- Retail
- $2,150,000
- Mixed-Use
- $2,145,000
- Hospitality
- $2,290,000
- Educational
- $2,165,000
- Residential Income
- $2,610,000
- Energy
- $2,360,000
- Income-Based Land
- $2,865,000
- Food Service
- $2,105,000
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3877
- Latitude
- 27.6612
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
