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Property profile & analytics
OFF-MARKET Estimated value $930,000
Office buildings

1965 25th Ave Vero Beach, FL 32960-3062

4,412 SF 0.54 ac lot Built 1993
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US18-0324785
Property summary
AI-generated overview

This well-maintained, single-story office building in Vero Beach, Florida, presents a compelling investment opportunity. Boasting 4,488 square feet on a 0.54-acre lot with 200 feet of frontage on 25th Avenue, the property offers significant potential. Built in 1993, the building features concrete block construction with numerous windows, allowing ample natural light. High-end finishes create a professional atmosphere, with an adaptable layout including a lobby, showroom, four large offices, a spacious workroom/bullpen, storage room, kitchen, patio, three restrooms, and a shower. The building currently sits vacant, providing immediate occupancy for a new owner or tenant. The property includes 18 parking spaces and a shingle roof replaced in 2010. Zoned for Professional Office Institution (POI) use, it benefits from city water and FPL utilities. Annual property taxes are $7,555.90 (2023). The asking price is $1,250,000, translating to $278.52 per square foot. This is an exceptional opportunity to acquire a well-located, versatile office building in a thriving Florida market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,412 SF
Lot 0.54 ac (23,522 SF)
Zoning code POI
APN 33-39-02-00020-0100-00002.0
UPID US18-0324785
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • duPont/KRIEGHOFF Fine Rifles and Shotguns Gun Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$775k
Comparable Approach Comparable
$932k
Blend (final) Blend
$930k
Owner & transaction history
Dupont 25th Avenue LLC · 19 yrs held
Dupont 25th Avenue LLC
since 2006
Last sale
$1.0M
2 recorded transactions
2006
$1.2M
1969
Price N/A
Zoning & alternative use
POI · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.0M +28.1%
Auto repair, garage $955,000 +18.6%
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