Property profile

625 66th SW Ave Vero Beach, FL 32968

OFF-MARKET
Manufacturing properties
Property ID
US18-3488576
87,079 SF 19.29 ac lot Built 1994
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a fruit packing facility on nearly 40 acres in Vero Beach, zoned A-1. It includes an 87,079 SF packing/warehouse building constructed in 1994, with approximately 4,360 SF of office space. The warehouse area has 31-foot ceilings and a monolithic slab foundation, and provides loading access through 9 dock-high doors and 4 ground-level bay doors. Refrigerated storage is provided by a nearly 10,000 SF cooler with 20-foot ceilings, designed to store up to 780 pallets or about 2,000,000 lbs. of product, and the site is configured to support more than 100 employees. A cooling and storage room installed in 2015 measures approximately 141 feet by 70 feet with a 20-foot ceiling height, includes two 9-foot by 10-foot high thermal rolling doors and two personnel doors, and is self-supported with interior structural steel racking; it supports the same referenced refrigerated pallet and weight capacity at 40°F. A liquid-cooled 277/480V 3-phase natural gas generator (Generac model QT150, 150 kW) was installed in 2017. The property underwent extensive remodeling in 2018 that added office space, a new front façade, double impact PGT office windows, and LED packinghouse lighting. In 2019, the packinghouse roof received a recoating system using PremiSEAL 60 spray polyurethane foam with Uniflex Acrylic coating. The property is located roughly a quarter mile north of Oslo Road and less than three miles from the I-95 interchange.

Property profile

Verified
Property type Manufacturing properties
Use group FOOD PACKING, PACKING PLANT
Year built 1994
Construction STEEL FRAME
Total area 87,079 SF
Lot 19.29 ac (840,272 SF)
Zoning code A-1
APN 33-39-19-00001-0090-00002.0
UPID US18-3488576

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
  • Agricultural Supply Food Market

Location

625 66th SW Ave Vero Beach, FL 32968-9371
Vero Beach metro Census 50905 SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$935k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$935k

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2017
Price N/A
2001
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

A-1 · 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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