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Property profile & analytics
FOR LEASE
Retail space

2190 45Th St Vero Beach, FL 32967

24,249 SF 2.35 ac lot Built 2007
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US18-0519502
Property summary
AI-generated overview

This exceptional commercial property in Vero Beach, Florida, offers flexible retail and office space within a well-maintained shopping strip center. Two units are available, totaling between 1,345 and 5,508 square feet, with the potential for division to accommodate various business needs. The space boasts a highly desirable corner location on US Highway 1, a busy, signaled intersection with a daily traffic count of 22,317 vehicles. Ample parking is provided for customers and employees. The property features lush landscaping and is situated near numerous residential communities, benefiting from strong local demographics and significant commercial growth in the area. The space is currently zoned (CG) Commercial General and includes access to county water, sewer, and FPL utilities. A turnkey medical space is also available. The lease rate is $16.00 per square foot, plus $7.00 per square foot for common area maintenance, plus sales tax. Special landlord incentives, including free rent, are available. This presents a unique opportunity for businesses seeking a high-visibility location with excellent accessibility and strong growth potential in a thriving Vero Beach market. The property is located at 2190 45th St, Vero Beach, FL 32967.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 24,249 SF
Lot 2.35 ac (102,366 SF)
Zoning code CG
APN 32-39-23-00000-5000-00028.0
UPID US18-0519502
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
  • Planet Pet Animal Hospital Veterinary Clinic
  • Q-Nails & Co. Nail Salon
  • Zafè’m Caribbean Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.59M
Comparable Approach Comparable
$3.26M
Blend (final) Blend
$3.57M
Owner & transaction history
Manaca Pineapple Center LLC · 13 yrs held
Manaca Pineapple Center LLC
since 2013
6 recorded transactions
2013
$4.5M
2009
Price N/A
2006
Price N/A
2001
$230,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CG · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $5.8M +11.2%
Auto repair, garage $5.3M +0.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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