Property profile

3730 7th Ter Vero Beach, FL 32960

OFF-MARKET
Medical Office Space
Property ID
US18-5139338
22,787 SF 1.96 ac lot Built 1997
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A medical office building, located at 3730 7th Terrace in Vero Beach, Florida (zip code 32960), offers 22,787 square feet of space, with 4,486 square feet currently vacant. Built in 1997, the property sits on a 1.96-acre lot and boasts ample parking, a significant advantage in this high-demand area. The building's prime location within a thriving medical node places it directly across from Cleveland Clinic Indian River Hospital, ensuring high visibility and convenient access for patients and staff. The building's multiple tenancy structure provides flexibility for various medical practices. Available spaces range from 1,432 to 1,910 square feet, ideal for expanding or relocating medical practices. The property's established presence in the community and its proximity to a major hospital make it an attractive investment opportunity. This is a well-maintained, highly sought-after building in a key medical submarket. The property is classified as a professional office building and is suitable for various medical office uses. Its strategic location and ample parking make it a highly desirable location for medical professionals. The building's excellent condition and strong location within the Medical Node submarket present a compelling opportunity for growth and success.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 22,787 SF
Lot 1.96 ac (85,378 SF)
Zoning code OCR
APN 32-39-25-00002-0000-00001.0
UPID US18-5139338

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
  • Physician
  • Financial Advisor
  • Dental Office
  • Physician
  • Physician Medical Clinic

Location

3730 7th Ter Vero Beach, FL 32960-7324
Vero Beach metro Census 50305 SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.99M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.51M
Blend (final) Blend
$2.77M

Owner & transaction history

since 2022
Last sale
$2.5M
5 recorded transactions
2022
$2.5M
2020
$11.5M
2020
Price N/A
2014
$2.2M
2000
$2.3M

Zoning & alternative use

OCR · Vero Beach, FL

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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