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1669 Old Dixie Hwy Vero Beach, FL 32960-3656

OFF-MARKET Industrial properties Google Maps
6,000 SF 0.46 ac lot Built 2002
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.10M
Range $990k – $1.21M (±10%)
Property ID US18-5043665

Property summary

AI-generated overview

This exceptional 6,000-square-foot industrial property in Vero Beach, Florida, offers a unique blend of warehouse and office space, perfect for a variety of businesses. Located at 1669 Old Dixie Hwy, 32960, this single-tenant building boasts a prime location with high visibility. Built in 2002, the property features a spacious 3,820-square-foot warehouse area complemented by 2,180 square feet of office space, including an upscale showroom. Three bay doors provide convenient access for loading and unloading, while a loft area offers additional storage. The property also includes six private offices, three-phase power, and is situated on a 0.46-acre lot with 162 feet of frontage on Old Dixie Highway and 125 feet of depth. City water and FPL utilities are readily available. The building is classified as Class C and zoned for industrial use (M). Lease price is $8,000 per month plus sales tax, translating to $16.00 per square foot. This is an excellent opportunity to secure a well-appointed and strategically located industrial space in a thriving Vero Beach market.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2002
Construction STEEL FRAME
Total area 6,000 SF
Lot 0.46 ac (20,038 SF)
Zoning code M
APN 33-39-01-00047-0190-00003.0
UPID US18-5043665

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer
  • Golf Cart Dealer

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$829k
Blend (final) Blend
$1.10M

Owner & transaction history

since 2024
Last sale
$1.1M
6 recorded transactions
2024
$1.1M
2024
Price N/A
2015
$50,000
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M · Vero Beach, FL
Zoning description

This district is designed to accommodate a wide range of industrial and related uses which conform to a high level of performance standards. Industrial establishments of this type within completely enclosed buildings sha…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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