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Property profile & analytics

1245 16Th St Vero Beach, FL 32960

  • Manufacturing properties
  • 8,324 SF
  • 0.48 lot acres
For Sale
Last Sale
Jul 20, 2022
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US18-0558069
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

  • Southeastern Rack Co / Manufacturer / Metal Fabricator

Property Details for 1245 16Th St

Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.48 lot acres
Property size
8,324 SF
Zone code
M
Property type
Manufacturing properties
APN
33-39-01-00000-5000-00004.0
APU
9223372036854775807

Description

This exceptional opportunity presents a vacant, 6,524 square foot manufacturing building situated on a 0.48-acre lot in Vero Beach, Florida. The property, located at 1245 16th Street, boasts a prime downtown location with 75 feet of frontage on 16th Street and 239.39 feet of depth. The building, constructed in 1961 of concrete block, features two structures. The North building comprises approximately 700 square feet of air-conditioned office/breakroom space, 4,300 square feet of air-conditioned shop space, and 1,500 square feet of un-air-conditioned space. It includes a 12x12 roll-up door and an 8x8 roll-up door. The South building offers approximately 700 square feet of office space and 1,100 square feet of work area with an 8x8 bay door. The property features a 13.5-foot clear ceiling height (15 feet to the bottom of the roof deck), 400 amp, 3-phase power, and ample parking for approximately 15 vehicles. The property is zoned (M) Industrial and benefits from natural gas, city water/sewer, and FPL electricity. 2023 property taxes totaled $8,766.11. The asking price for this rare opportunity is $1,325,000.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $830,000
    6.5%
    $765,000
    7%
    $710,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $1,149,000
    Market price range: $1.15M - $2.47M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Vero Beach
County
Indian River
State
Florida
Longitude
-80.3961
Latitude
27.6311
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
$8,766
$190,946
$218,102
$409,048
-
$190,946
$218,102
$409,048
More about this property
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