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    4125 9th SW St Vero Beach, FL 32968-4880
    Property profile & analytics

    4125 9th SW St Vero Beach, FL 32968-4880

    View on Map
    • Grocery and convenience stores
    • 66,113 SF
    • 21.45 lot acres
    Off-Market
    Property ID
    US18-2595456
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $8,075,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ONIKU HIBACHI / Restaurant
    • Elite Vero Beach Garage Doors / Building Supply / General Contractor
    • Grand Slam Beverage / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Edward Jones - Financial Advisor: Sam Mingear, CRPC™|AWMA™ / Financial Advisor
    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 4125 9th SW St

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    21.45 lot acres
    Property size
    66,113 SF
    Zone code
    CL
    Property type
    Grocery and convenience stores
    APN
    33-39-27-00001-0040-00005.0
    APU
    9223372036854775807

    Description

    This exceptional retail opportunity is located in a vibrant Vero Beach, Florida, strip center at 4125 9th Street, SW, zip code 32968. The property, known as South Point, boasts a total of 71,790 square feet and offers two available suites within a multi-tenant building. Each suite provides ample space, with a minimum divisible size of 1,050 square feet and a maximum contiguous size of 1,400 square feet. Currently, 2,450 square feet are vacant and ready for immediate occupancy. This prime location benefits from its strategic position in Indian River County, enjoying high visibility and foot traffic due to its dual-anchored status with Publix and CVS. The property's address is at the corner of 43rd Avenue SW and Oslo Road, ensuring excellent accessibility and exposure to a large customer base. This presents a unique chance to establish or expand a retail business in a thriving commercial area. The property is classified as a retail strip center, offering a blend of convenience and visibility for potential tenants. This is an ideal location for businesses seeking a strong presence in a well-established and busy commercial area of Vero Beach.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,585,000
      6.5%
      $9,770,000
      7%
      $9,075,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,073,000
      Market price range: $2.67M - $9.53M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $12,430,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4288
    Latitude
    27.5852
    CBSA code
    42680
    CBSA name
    SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $127,486
    $1,553,996
    $5,173,319
    $6,727,315
    -
    $1,553,996
    $5,173,319
    $6,727,315

    Comparable in this City

    • Value Estimation
      $820,000
      4,662 SF

      880 27th SW Ave

      CONVENIENCE STORE • 4,662 SF
      880 27th SW Ave, Vero Beach, FL 32968-4205
      View Details
    • Value Estimation by Request
      2,142 SF

      2465 27th SW Ave

      CONVENIENCE STORE • 2,142 SF
      2465 27th SW Ave, Vero Beach, FL 32968-7814
      View Details
    • Value Estimation by Request
      3,498 SF

      175 43rd Ave

      CONVENIENCE STORE • 3,498 SF
      175 43rd Ave, Vero Beach, FL 32968-2308
      View Details
    • Value Estimation by Request
      2,400 SF

      737 27th SW Ave

      CONVENIENCE STORE • 2,400 SF
      737 27th SW Ave, Vero Beach, FL 32968-4236
      View Details
    • Value Estimation by Request
      5,000 SF

      20 43rd Ave

      CONVENIENCE STORE • 5,000 SF
      20 43rd Ave, Vero Beach, FL 32968-2305
      View Details
    • Value Estimation
      $6,855,000
      57,775 SF

      2950 9th SW St

      GROCERY, SUPERMARKET • 57,775 SF
      2950 9th SW St, Vero Beach, FL 32968-4128
      View Details

    Similar Nearby for Sale

    • $1,100,000
      950 SF

      Turnkey Cafe/Restaurant Opportunity

      Fully equipped cafe with expansive outdoor seating in Vero Beach.
      3700 9Th St SW, Vero Beach, FL 32968
      View Details
    • $3,000,000
      6,900 SF

      Vero Beach Commercial Building

      High-visibility commercial building with kitchen and roll-up doors.
      3700 9Th St SW, Vero Beach, FL 32968
      View Details
    • $1,500,000
      7,500 SF

      Vero Beach Flex Opportunity

      7,500 SF flex building on one acre for sale.
      820 35Th Ct SW, Vero Beach, FL 32968
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Vero Beach

      Retail space available in a Publix and CVS anchored center.
      4125-4165 9Th St SW, Vero Beach, FL 32968
      View Details
    • $12 SF/Yr

      Vero Beach Warehouse with Loading

      14,000 SF warehouse with loading docks and ample parking.
      925 SW 74Th Ave SW, Vero Beach, FL 32968
      View Details
    • Contact for pricing

      Vero Beach Flex Space Available

      Flex space with office, heavy commercial zoning, multiple uses.
      850 33Rd Ct SW, Vero Beach, FL 32968
      View Details
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    Vero Beach, FL 32968-4880
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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