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Property profile & analytics
OFF-MARKET Estimated value $2,015,000
Retail space

2855 Ocean Dr Ste A3 Vero Beach, FL 32963-2028

15,112 SF 1.56 ac lot Built 1980
Entity Owned 25-yr Hold Free & Clear
Property ID
US18-1200436
Property summary
AI-generated overview

This exceptional 744-square-foot office space is located in the Portales de Vero building at 2855 Ocean Drive, Vero Beach, Florida, 32963. Situated in a prime beachside location, this second-floor unit (D4) offers unparalleled convenience with easy walking access to the beach, restaurants, and shopping. The building itself is a two-story structure combining retail and office spaces, built in 1980. This single-tenant space is part of a larger 45,892-square-foot building, zoned C-1A for Tourist Commercial Services. The unit benefits from abundant parking, including both a private lot and ample street parking. The lease price is $1,488 per month, plus sales tax, which includes common area maintenance (CAM) charges. Utilities include city water, sewer, and FPL electricity. The minimum divisible space is 800 square feet, with a maximum contiguous space of 800 square feet. This presents a unique opportunity for businesses seeking a highly desirable beachfront location with excellent accessibility and ample parking. The property's zoning allows for a variety of commercial uses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,112 SF
Lot 1.56 ac (67,954 SF)
Zoning code C-1A
APN 32-40-32-00014-0020-00004.1
UPID US18-1200436
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
  • Sol Mar Cocktail Lounge Bar & Pub Nightclub
  • Studio 6 Architecture Architect
  • A Healthier Me LLC. Gym & Fitness Center
  • Greenhouse Produce Co LLC Agricultural Supply Food Market
  • PORTALES DE VERO Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.24M
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$2.02M
Owner & transaction history
Portales Devero INC · 25 yrs held
Portales Devero INC
since 2001
1 recorded transaction
2001
$469,200
Zoning & alternative use
C-1A · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

for explanation of interpretation of this table. 2. Abbreviations: P = Permitted by Right C = Allowed with a Conditional Use Permit Blank = Use not allowed Allowed uses Commercial Districts: Use s Types B-1 B-2 B-3 B-4 C-1A C-1B C-1 Use Specific Standards Residential Uses - Dwellings Dwellings, live/work unit P Standards in Sec. 67.02(c) apply Dwellings, mul…

Zone name Tourist Oriented Commercial
General category COMMERCIAL
Zone area 158.85 ac
Top alternative use upside
Auto repair, garage $3.3M +0.6%
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