1238 16th St Vero Beach, FL 32960-0415
Property Lookup
Property profile & analytics
1238 16th St Vero Beach, FL 32960-0415
- Retail space
- 11,800 SF
- 0.98 lot acres
Property ID
US18-0305226
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.
Location Intelligence
Current Use by Public Records
- Boxwood Storage / Storage Facility
- Filthy's Fine Cocktails & Beer / Music Venue / Bar & Pub
Property Details for 1238 16th St
- Year built
- 1979
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.98 lot acres
- Property size
- 11,800 SF
- Zone code
- M
- Property type
- Retail space
- APN
- 33-39-01-00000-5000-00001.1
- APU
- 9223372036854775807
Description
This exceptional mixed-use commercial property in Vero Beach, Florida, presents a rare investment opportunity. Located at 1238 16th Street, this centrally located plaza offers multiple income streams and boasts a total of 12,362 square feet on approximately one acre of land. The property comprises two concrete buildings. The first is a strip plaza featuring six storefronts totaling 8,000 square feet, currently occupied by long-term tenants. The second building houses sixteen storage units, a mix of twelve 10x20 units and four 20x20 units, also with established tenants. Built in 1979, this property benefits from its convenient location, providing easy access to Vero Beach's beaches, shopping districts, and downtown area. The asking price is $2,175,000. This is an ideal opportunity for investors seeking a stable, multi-faceted commercial investment with established tenants and strong potential for future growth in a desirable Florida location. The property's size and configuration offer flexibility for a variety of uses and income generation strategies. The existing tenant base provides immediate cash flow, minimizing vacancy risk. This is a turnkey investment ready for a new owner to capitalize on its established success. The property is zoned for mixed-use and is located in the 32960 zip code.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,890,000
- 6.5%
- $1,745,000
- 7%
- $1,620,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,075,000
Market price range: $490k - $1.50M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,150,000 Current use
- OFFICE BUILDING
- $2,160,000 Change: +1% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,040,000 Change: -5% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,730,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3963
- Latitude
- 27.6324
- 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
$18,833
$217,713
$837,006
$1,054,719
-
$217,713
$837,006
$1,054,719
