1260 37Th St Vero Beach, FL 32960
- Medical Office Space
- 11,166 SF
- 1.55 lot acres
Current Use by Public Records
- Dr. Tim Ioannides, MD / Physician / Medical Clinic
- Sheree Ewar / Physician
- Dr Jose Ortega / Physician
- Donatas Dudutis / Physician
- Antonio Justado / Physician
Property Details for 1260 37Th St
- Year built
- 1991
- Construction
- WOOD
- Lot size
- 1.55 lot acres
- Property size
- 11,166 SF
- Zone code
- MED
- Property type
- Medical Office Space
- Property subtype
- Medical space
- APN
- 32-39-26-00012-0000-00001.1
- APU
- 9223372036854775807
Description
This exceptional 5,712 square foot medical office space is ideally situated in Vero Beach, Florida, directly across from the Cleveland Clinic Indian River Hospital. Located within a larger 10,668 square foot medical office building (MOB) on a 1.55-acre corner lot, this single-story property boasts excellent visibility and accessibility. The building, constructed in 1991, features a generous 6.8/1000 parking ratio, ensuring ample parking for patients and staff. The suite itself offers a thoughtfully designed layout including a spacious waiting room, reception area, thirteen exam rooms, two large procedure rooms, a dedicated physical therapy/treatment area, staff break room, physician offices, multiple restrooms, and storage areas. Previously occupied by an orthopedic practice, the space is ready for immediate occupancy. A long-standing dermatology practice serves as a co-tenant. The property benefits from a convenient walk-up entrance from the parking lot and prominent monument signage on 37th Street. The flexible MED zoning allows for a variety of medical uses. This well-maintained property offers excellent curb appeal and is a rare opportunity to acquire a single-story standalone medical office building in a prime hospital district location. The building is classified as Class B and has no elevators. The property's APN is 32392600012000000001.1 in Indian River County.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,520,000
- 6.5%
- $2,325,000
- 7%
- $2,160,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,875,000
- AI Estimate
- $1,582,000
Market price range: $1.72M - $3.53MMarket price range: $722k - $2.11M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,620,000 Current use
- AUTO REPAIR, GARAGE
- $2,420,000 Change: -7% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3979
- Latitude
- 27.661
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
