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Property profile & analytics
OFF-MARKET Estimated value $1,230,000
Community centers

500 21st St Vero Beach, FL 32960-5495

73,655 SF 7.94 ac lot Built 1998
Entity Owned 23-yr Hold Absentee Owner Free & Clear
Property ID
US18-0818045
Property summary
AI-generated overview

This exceptional retail space, located at 500 21st St, Vero Beach, FL 32960, offers 2,500 square feet of versatile commercial space. Situated in a thriving plaza on Vero's Miracle Mile, this Class B property boasts tremendous foot traffic and benefits from its proximity to the beach, making it an ideal location for a variety of businesses. The unit, #518, is part of a two-building, single-story complex zoned (C-1B) General Commercial Trades & Services, allowing for a wide range of commercial uses. The property is conveniently located alongside established businesses such as Fresh Market, First Watch, and Crumbl Cookies, ensuring high visibility and attracting a substantial customer base. Previous tenant use was an electric bike sales business. Utilities include FPL, city water, and sewer. The lease rate is $20.00 per square foot, NNN, plus sales tax. This is a rare opportunity to establish a business in a prime Vero Beach location with exceptional visibility and high foot traffic. Don't miss out on this chance to secure a thriving retail space in a highly desirable area.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1998
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 73,655 SF
Lot 7.94 ac (345,866 SF)
Zoning code C-1B
APN 33-39-01-00001-0000-00005.0
UPID US18-0818045
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
  • First Watch Restaurant
  • The Tox Vero Beach Lymph Drainage Therapist
  • Liberty Botanicals Department Store
  • Crumbl - Vero Beach Bakery Specialty Food Shop
  • Quest Diagnostics Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$1.23M
Owner & transaction history
VERO BEACH SHOPPING CENTER LTD VB
VERO BEACH SHOPPING CENTER LTD VB
Zoning & alternative use
C-1B · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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, multipl…

Zone name Neighborhood Commercial
General category CIVIC_INSTITUTIONAL
Zone area 103.89 ac
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