1872 Commerce Ave Vero Beach, FL 32960-5579
- Warehouses
- 3,710 SF
- 0.25 lot acres
May 27, 2022
Current Use by Public Records
- Hoppe's Authorized Vacuum & Appliance Repair Service / Vacuum Cleaner Store / Small Appliance Repair Service
Property Details for 1872 Commerce Ave
- Year built
- 1972
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.25 lot acres
- Property size
- 3,710 SF
- Zone code
- M
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 33-39-01-00043-0000-00033.0
- APU
- 9223372036854775807
Description
This Vero Beach industrial property, located at 1872 Commerce Ave, 32960, offers 6,218 square feet of climate-controlled storage units in a single-story building. Four units are currently available, ranging from 200 to 380 square feet, with lease rates from $19 to $21 per square foot plus sales tax. The building features impact doors and windows, double doors for easy access, and is conveniently situated just off Route 60, providing easy access to US-1 and the beach. Units are newly renovated and include utilities. Built in 1972, the structure is constructed of concrete block with a concrete slab roof. The property is zoned (M) Industrial and serviced by city water and FPL. Minimum divisible space is 200 square feet. Specific unit sizes and pricing are as follows: Unit #101 and #103 are 224 sq ft at $21 PSF
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $910,000
- ML approach
- $925,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $640,000
- 6.5%
- $595,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $782,000
Market price range: $311k - $783k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3957
- Latitude
- 27.6363
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
