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    Property profile & analytics

    620 Old Dixie Hwy Vero Beach, FL 32962

    • Office Properties & Spaces
    • 1,500 SF
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US18-4238684
    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

    • Rhythm & Soul Dance Company / Dance School / Dance Company
    • Blue Heron Plaza / Shopping Mall
    • Design First Inc / General Contractor

    Property Details for 620 Old Dixie Hwy

    Year built
    1985
    Property size
    1,500 SF
    Property type
    Office Properties & Spaces
    APN
    33-40-19-00010-0000-00001.0
    APU
    9223372036854775807

    Description

    This exceptional commercial property, Blue Heron Plaza, presents a unique investment opportunity in Vero Beach, Florida. Situated at 620 Old Dixie Hwy SW, this complex boasts a total of 20,880 square feet of space, strategically divided into two separate buildings, each encompassing 10,440 square feet. Built in 1985, the single-story structures are situated on a 1.55-acre lot within the CL Limited Commercial District of Indian River County. The property currently features sixteen individual suites, ideal for multiple tenants. Ample parking is provided with 110 spaces available for tenants and visitors. The buildings benefit from 100% central air conditioning, ensuring year-round comfort. The property's location is north of the intersection of Oslo Road and Dixie Highway, offering excellent visibility and accessibility. Currently, one large suite of 8,600 square feet is available for lease. This property is zoned for limited commercial use, making it suitable for a variety of office-based businesses. The property's size, location, and amenities make it an attractive option for investors and businesses seeking a well-established presence in the Vero Beach market. The property's location in the Vero Beach submarket provides easy access to local amenities and a strong workforce.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $260,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $285,000
      Mixed-Use
      $275,000
      Hospitality
      $300,000
      Educational
      $250,000
      Residential Income
      $275,000
      Energy
      $280,000
      Income-Based Land
      $330,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3807
    Latitude
    27.5919
    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
    $1,980
    $0.00
    $70,130
    $70,130
    -
    $0.00
    $70,130
    $70,130

    Comparable in this City

    • Value Estimation by Request
      147,417 SF

      710-842 Us Highway 1

      Neighborhood centers • 147,417 SF
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    • Value Estimation by Request
      1,500 SF

      628 Old Dixie SW Hwy

      CONDOMINIUM OFFICES • 1,500 SF
      628 Old Dixie SW Hwy, Vero Beach, FL 32962-4536
      View Details
    • Value Estimation
      $315,000
      1,500 SF

      632 Old Dixie SW Hwy, Unit 7

      CONDOMINIUM OFFICES • 1,500 SF
      632 Old Dixie SW Hwy, Vero Beach, FL 32962-4536
      View Details
    • Value Estimation by Request
      4,236 SF

      148 Vista Royale Blvd

      Office Properties & Spaces • 4,236 SF
      148 Vista Royale Blvd, Vero Beach, FL 32962
      View Details
    • Value Estimation by Request
      1,200 SF

      648 Old Dixie SW Hwy

      CONDOMINIUM OFFICES • 1,200 SF
      648 Old Dixie SW Hwy, Vero Beach, FL 32962-4537
      View Details
    • Value Estimation by Request
      1,500 SF

      626 Old Dixie SW Hwy, Unit 4

      CONDOMINIUM OFFICES • 1,500 SF
      626 Old Dixie SW Hwy, Vero Beach, FL 32962-4536
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      0.11 Acres

      Vero Beach Land Opportunity

      Affordable land in Vero Beach, ideal for investment or getaway.
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      Vacant Land in Vero Beach

      Centrally located, cleared 0.52 acre lot with no HOA.
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    Similar Nearby for Lease

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      Infinity Vero Industrial Park

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    • $15 SF/Yr
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      Vero Beach Office Complex - Prime Location

      Two-building office complex, 20,880 SF, Vero Beach.
      620 Old Dixie Hwy, Vero Beach, FL 32962
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    • $10 SF/Yr
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      1402 Old Dixie Highway

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    • $18 SF/Yr
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    • $18 SF/Yr
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      Retail Space Available For Lease

      Retail space for lease with 2963 square feet.
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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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