915 Old Dixie Hwy Vero Beach, FL 32962
- Office buildings
- 3,174 SF
- 1.15 lot acres
Current Use by Public Records
- Geodessey Research / Research Institute
- Brent Holladay / Marriage Or Relationship Counselor
- Grace Counseling Services / Counselor / Family Counselor
- Peirce Associates Inc. / Architect / Design
- 🏆 Direct Connect Auto Transport / Trucking Company / Towing Service
Property Details for 915 Old Dixie Hwy
- Year built
- 1922
- Construction
- WOOD
- Lot size
- 1.15 lot acres
- Property size
- 3,174 SF
- Zone code
- CG
- Property type
- Office buildings
- APN
- 33-40-30-00000-3000-00017.0
- APU
- 9223372036854775807
Description
Exceptional investment opportunity in Vero Beach, Florida! This 2.16-acre commercial property boasts a prime location on Old Dixie Hwy SW and Oslo Road, offering over 570 feet of road frontage and high visibility. The property includes a 2,214 sq ft two-story office building (built 1922) and a 1,096 sq ft house (built 1950), presenting potential for immediate income or future redevelopment. The lot size is 94,089 sq ft, zoned (CG) General Commercial, allowing for diverse development options. The property features county water and septic, with FPL electric. Current pro-forma NOI is $47,686, resulting in a 3.23% cap rate at the asking price of $1,475,000. 2022 property taxes were $7,754.69. The seller may consider selling the corner parcel (1.15 acres) and the house (1.06 acres) separately. This is a rare opportunity to acquire a substantial commercial property in a thriving location with significant upside potential. Don't miss out on this exceptional investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $330,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $340,000
- Mixed-Use
- $385,000
- Hospitality
- $395,000
- Educational
- $335,000
- Residential Income
- $315,000
- Energy
- $335,000
- Income-Based Land
- $310,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3809
- Latitude
- 27.5863
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
