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    Property profile & analytics

    755 4Th St Vero Beach, FL 32962

    • Grocery and convenience stores
    • 1,232 SF
    • 0.33 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Aug 10, 2022
    $1,300,000
    Value Estimations
    $1,560,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0288015
    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.

    Current Use by Public Records

    • Chevron / Gas Station
    • CoinFlip Bitcoin ATM / Business Banking Service / Business To Business Service
    • LibertyX Bitcoin ATM / Atm
    • ATM / Atm

    Property Details for 755 4Th St

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.33 lot acres
    Property size
    1,232 SF
    Zone code
    CH
    Property type
    Grocery and convenience stores
    APN
    33-39-13-00000-7000-00015.0
    APU
    9223372036854775807

    Description

    This exceptional investment opportunity presents a 1,364 square foot single-tenant flex space ideally situated within a Vero Beach gas station. Currently operating as a convenience store, this property offers a proven track record of profitability, generating a cash flow of $19,000 in March 2024. The property's classification as both industrial and retail reflects its versatile nature and potential for diverse uses. The single-tenant occupancy simplifies management and minimizes vacancy risks. The building comprises a single suite, streamlining operations and maintenance. This turnkey operation is perfect for an investor seeking immediate income generation and a strong return on investment. The location in Vero Beach offers excellent visibility and accessibility, ensuring high customer traffic. The property's existing convenience store setup provides a solid foundation for continued success, with the potential for further expansion or adaptation to suit evolving market demands. This is a rare chance to acquire a profitable, established business in a desirable location. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Financial records are available upon request to qualified buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,560,000
      ML approach
      $1,470,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.388
    Latitude
    27.6086
    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
    $5,788
    $97,748
    $241,918
    $339,666
    -
    $97,748
    $241,918
    $339,666

    Comparable in this City

    • Value Estimation
      $245,000
      1,375 SF

      1940 Us Hwy 1st 1

      CONVENIENCE STORE • 1,375 SF
      1940 Us Hwy 1st 1, Vero Beach, FL 32962-7203
      View Details
    • Value Estimation
      $330,000
      2,076 SF

      2065 Us Hwy 1st 1

      CONVENIENCE STORE • 2,076 SF
      2065 Us Hwy 1st 1, Vero Beach, FL 32962-7221
      View Details
    • Value Estimation
      $295,000
      3,168 SF

      210 Highland SE Dr

      CONVENIENCE STORE • 3,168 SF
      210 Highland SE Dr, Vero Beach, FL 32962-7215
      View Details
    • Value Estimation
      $425,000
      3,140 SF

      420 Us Hwy 1st 1

      CONVENIENCE STORE • 3,140 SF
      420 Us Hwy 1st 1, Vero Beach, FL 32962-1601
      View Details
    • Value Estimation
      $435,000
      2,880 SF

      400 Old Dixie Hwy

      CONVENIENCE STORE • 2,880 SF
      400 Old Dixie Hwy, Vero Beach, FL 32962-1641
      View Details
    • Value Estimation
      $5,225,000
      5,748 SF

      1180 Us Hwy 1st 1

      CONVENIENCE STORE • 5,748 SF
      1180 Us Hwy 1st 1, Vero Beach, FL 32962-5605
      View Details

    Similar Nearby for Sale

    • $449,900

      Turnkey Produce Stand For Sale

      Established produce stand with land included, high-traffic location.
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      Highway Frontage Commercial Building For Sale

      2,000 SF commercial building on US Highway 1 for sale.
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      Vero Beach Commercial Land Investment

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      Vero Beach Retail Center - High Growth Area

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    Similar Nearby for Lease

    • $18 SF/Yr
      1,364 SF

      Vero Beach Flex Space Investment

      Prime Vero Beach Convenience Store
      755 4Th St, Vero Beach, FL 32962
      View Details
    • $18 SF/Yr
      2,963 SF

      Retail Space Available For Lease

      Retail space for lease with 2963 square feet.
      710-840 S Us Highway 1, Vero Beach, FL 32962
      View Details
    • $16 SF/Yr

      Secure Concrete Building For Rent

      Air-conditioned concrete buildings suited for data center, showroom, distribution.
      673 Us-1 Hwy, Vero Beach, FL 32962
      View Details
    • $16 SF/Yr

      Versatile Concrete Building for Lease

      Secure, air-conditioned concrete building suitable for various uses.
      673 Us 1 Hwy, Vero Beach, FL 32962
      View Details
    • $10 SF/Yr
      120,000 SF

      1402 Old Dixie Highway

      Life science properties • 120,000 SF
      1402 Old Dixie Hwy, Vero Beach, FL 32962
      View Details
    • Contact for pricing
      1 SF

      Retail Space Available For Lease

      Retail property available for lease in Vero Beach, Florida.
      590 Rte U.S, Vero Beach, FL 32962
      View Details
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    755 4Th St
    Vero Beach, FL 32962
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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.

    More about this property
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