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Property profile & analytics
OFF-MARKET Estimated value $1,540,000
Warehouses

1146 21st St Vero Beach, FL 32960-6492

14,150 SF 1.81 ac lot Built 1925
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-2635135
Property summary
AI-generated overview

This exceptional investment opportunity presents a 1.81-acre commercial property situated on a high-traffic corner of US Highway 1 in Vero Beach, Florida. The property, located at 1146 21st Street, zip code 32960, boasts a substantial lot size of 78,843.6 square feet and comprises two buildings currently occupied by active tenants. Constructed in 1966, this property offers a proven track record of income generation, with the existing tenants generating an annual gross revenue exceeding $110,000. The property is zoned for commercial use and includes a total of ten units, making it an ideal investment for both seasoned and emerging investors seeking a strong return on investment. The property's prime location on a busy highway ensures high visibility and accessibility, attracting a steady stream of potential customers. This is a rare opportunity to acquire a well-established, income-producing retail property in a thriving Florida market. The asking price is $2,275,000. This represents a significant opportunity for investors seeking a stable and profitable addition to their portfolio. The property's size and location offer considerable potential for future development and expansion. Serious inquiries are encouraged.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1925
Construction STEEL FRAME
Total area 14,150 SF
Lot 1.81 ac (78,844 SF)
Zoning code C-1
APN 33-39-01-00000-3000-00010.0
UPID US18-2635135
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Stuart Pain Management Center Physician
  • Shields Automotive group LLC Car Dealership
  • My Image Photography Photography Service (Bike/Boat/Book/etc) Store
  • Golf Cart Center Golf Cart Dealer
  • Paintless Dent Repair by VAS Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$1.54M
Owner & transaction history
Maxwell Properties INC · 1 yrs held
Maxwell Properties INC
since 2025
6 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-1 · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $2.4M +17.9%
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