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    12686 Highway A1A Vero Beach, FL 32963
    Property profile & analytics

    12686 Highway A1A Vero Beach, FL 32963

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    • Commercial real estate
    Off-Market
    Property ID
    US18-4512500
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 12686 Highway A1A

    Property type
    Commercial real estate

    Description

    This exceptional 18,731 square foot vacant lot presents a unique opportunity to build a custom home in Vero Beach, Florida. Situated at 12686 S Highway A1A, this property boasts the rare distinction of being both oceanfront and riverfront, offering unparalleled access to the Atlantic Ocean and the Intracoastal Waterway. Imagine waking up to breathtaking ocean views and enjoying the convenience of a private dock on the Intracoastal, perfect for boating enthusiasts. The location provides quick access to Sebastian Inlet, renowned for its world-class fishing opportunities. Beyond the immediate waterfront access, this prime location places you within minutes of Vero Beach's vibrant amenities, including upscale restaurants, shopping centers, golf courses, and tennis facilities. The property's address is 12686 S Highway A1A, Vero Beach, FL 32963, within Indian River County. This is truly the epitome of coastal luxury living, offering an unparalleled blend of natural beauty and convenient access to a thriving community. The asking price for this remarkable property is $1,150,000. Don't miss this chance to own a piece of paradise.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3586828
    Latitude
    27.6430452

    Comparable in this City

    • $6,495,000

      Vero Beach Oceanfront Land Investment

      1.2+ Acre Oceanfront Estate Potential
      2136 Porpoise Point Ln, Vero Beach, FL 32963
      View Details
    • $1,500,000

      Vero Beach Multifamily Investment

      Four-unit building near beach in Vero Beach.
      919 Turtle Cove Ln, Vero Beach, FL 32963
      View Details

    Similar Nearby for Sale

    • $6,495,000

      Vero Beach Oceanfront Land Investment

      1.2+ Acre Oceanfront Estate Potential
      2136 Porpoise Point Ln, Vero Beach, FL 32963
      View Details
    • $999,950
      2,050 SF

      Updated Home Near Vero Beach

      Updated 3-bed, 3-bath residence near Vero's shoreline.
      670 Cypress Rd, Vero Beach, FL 32963
      View Details
    • $1,500,000

      Central Beach Triplex For Sale

      Triplex near beach with updated features and ample parking.
      5008 Tradewinds Dr, Vero Beach, FL 32963
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    • $1,500,000
      3,200 SF

      Vero Beach Multi-Family Investment

      Rare 4-unit property near Vero Beach's barrier island.
      919 Turtle Cove Ln, Vero Beach, FL 32963
      View Details

    Similar Nearby for Lease

    • $44 SF/Yr
      1,540 SF

      Vero Beach Office Space - Highway A1A

      Beachfront Office, Build-to-Suit Available
      9300 Highway A1A, Vero Beach, FL 32963
      View Details
    • $25 SF/Yr

      Ocean Drive Retail Space Available

      Retail space near beach, restaurants, and shopping with parking.
      2855 Ocean Dr, Vero Beach, FL 32963
      View Details
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    Vero Beach, FL 32963
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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