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    Property profile & analytics

    1402 Old Dixie Hwy Vero Beach, FL 32962

    • Office buildings
    • 50,482 SF
    • 6.13 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    $4,040,000
    Last Sale
    Mar 16, 2022
    $3,700,000
    Location Intelligence
    Property ID
    US18-5149802
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Life Changers Global Nation Ministries / Religious Institution
    • Roxy's Pet Spa / Pet Groomer / Dog Day Care Center
    • Spin Xperience / Indoor Cycling

    Property Details for 1402 Old Dixie Hwy

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.13 lot acres
    Property size
    50,482 SF
    Zone code
    M
    Property type
    Office buildings
    APN
    33-39-12-00000-3000-00015.0
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,305,000
      6.5%
      $3,390,000
      7%
      $3,820,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,155,000
      Geo Method
      $3,645,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,850,000
      Retail
      $3,090,000
      Mixed-Use
      $3,695,000
      Hospitality
      $3,510,000
      Educational
      $4,105,000
      Residential Income
      $3,385,000
      Energy
      $3,030,000
      Income-Based Land
      $3,260,000
      Food Service
      $3,890,000

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3948
    Latitude
    27.6288
    CBSA code
    42680
    CBSA name
    SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $54,653
    $453,939
    $2,634,423
    $3,088,362
    -
    $453,939
    $2,634,423
    $3,088,362

    Comparable in this City

    • Value Estimation by Request
      23,040 SF

      2300 3rd Ct

      OFFICE BUILDING • 23,040 SF
      2300 3rd Ct, Vero Beach, FL 32960-5168
      View Details
    • Value Estimation
      $380,000
      5,880 SF

      4014 43rd Ave

      OFFICE BUILDING • 5,880 SF
      4014 43rd Ave, Vero Beach, FL 32960-1820
      View Details
    • Value Estimation by Request
      124,813 SF

      405 24th St

      OFFICE BUILDING • 124,813 SF
      405 24th St, Vero Beach, FL 32960-7500
      View Details
    • Value Estimation by Request
      14,424 SF

      3775 20th St

      OFFICE BUILDING • 14,424 SF
      3775 20th St, Vero Beach, FL 32960-2401
      View Details
    • Value Estimation
      $235,000
      4,014 SF

      1875 43rd Ave

      OFFICE BUILDING • 4,014 SF
      1875 43rd Ave, Vero Beach, FL 32960-0513
      View Details
    • Value Estimation
      $240,000
      4,526 SF

      4045 43rd Ave

      OFFICE BUILDING • 4,526 SF
      4045 43rd Ave, Vero Beach, FL 32960-1809
      View Details

    Similar Nearby for Sale

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      947 20Th Pl, Vero Beach, FL 32960
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      1745 20Th St, Vero Beach, FL 32960
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      Updated commercial property in downtown Vero Beach with flexible layout.
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    Similar Nearby for Lease

    • $5,988 /Mo

      Downtown Commercial Building For Rent

      3,600 SF commercial building with private parking downtown.
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    • $24 SF/Yr

      Move-in Ready Medical Suite

      Premier Vero Beach location, ideal for medical or specialty use.
      3755 B, Vero Beach, FL 32960
      View Details
    • $1,200 /Mo

      Professional Suites in Vero Beach

      Flexible office suites in Vero's thriving medical hub.
      3755 37 Ter, Vero Beach, FL 32960
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    • $15 SF/Yr
      5,000 SF

      Downtown Vero Beach Commercial Building

      5,000 sq ft commercial building in downtown Vero Beach.
      2315 14Th Ave, Vero Beach, FL 32960
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    • $850 /Mo

      Vero Beach Co-working Office

      Remodeled co-working suite in Vero Beach's Downtown Art District.
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    • $28 SF/Yr
      10,668 SF

      Vero Beach Medical Office Space

      5,712 SF Medical Office for Sale
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      View Details
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    Vero Beach, FL 32962
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    Realmo Value Estimation

    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.

    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.

    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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