Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8756 20th St Vero Beach, FL 32966
    Property profile & analytics

    8756 20th St Vero Beach, FL 32966

    View on Map
    • Commercial land
    • 0.17 lot acres
    Off-Market
    Property ID
    US18-0675529
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 8756 20th St

    Lot size
    0.17 lot acres
    Zone code
    CL
    Property type
    Commercial land
    APN
    33-38-02-00003-0170-00025.0
    APU
    9223372036854775807

    Description

    This exceptional 2.85-acre commercial land parcel presents a remarkable investment opportunity in Vero Beach, Florida. Located at 8756 20th St, Vero Beach, FL 32966, this property boasts a prime location within Vero's fastest-growing commercial corridor, offering excellent visibility and accessibility. The site features 200 feet of frontage on SR 60, a major thoroughfare with a high daily traffic count of 30,766 vehicles (2021 Indian River County data), ensuring significant exposure for any development. The property is comprised of twelve parcels and is zoned (CL) Limited Commercial District, permitting a wide range of uses including grocery stores, dine-in restaurants, hotels, and mixed-use developments. This flexibility allows for diverse development options to cater to the area's growing needs. Several new housing developments and a Publix shopping center are under development within a three-mile radius, further enhancing the property's value and potential. The site offers convenient east and westbound access via a dedicated turn lane. County water and sewer are available, and FPL provides electric service. The 2022 property taxes were $2,042.49. The asking price for this exceptional development site is $1,457,500. Don't miss this chance to capitalize on the thriving Vero Beach commercial market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.5075
    Latitude
    27.6396
    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
    $341
    $25,500
    $0.00
    $25,500
    -
    $25,500
    $0.00
    $25,500

    Comparable in this City

    • Value Estimation by Request
      5.41 Acres

      9110 20th St

      VACANT COMMERCIAL LAND • 5.41 Acres
      9110 20th St, Vero Beach, FL 32966
      View Details
    • Value Estimation by Request
      0.06 Acres

      9690 20th St

      VACANT COMMERCIAL LAND • 0.06 Acres
      9690 20th St, Vero Beach, FL 32966
      View Details
    • Value Estimation by Request
      0.80 Acres

      60 Sr

      VACANT COMMERCIAL LAND • 0.80 Acres
      60 Sr, Vero Beach, FL 32966
      View Details
    • Value Estimation by Request
      1.40 Acres

      60 Sr

      VACANT COMMERCIAL LAND • 1.40 Acres
      60 Sr, Vero Beach, FL 32966
      View Details
    • Value Estimation by Request
      1.31 Acres

      1810 82nd Ave

      VACANT COMMERCIAL LAND • 1.31 Acres
      1810 82nd Ave, Vero Beach, FL 32966-6951
      View Details
    • Value Estimation by Request
      0.17 Acres

      2006 86th Ave

      VACANT COMMERCIAL LAND • 0.17 Acres
      2006 86th Ave, Vero Beach, FL 32966-5001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Vero Beach Commercial Land

      Commercial land available for lease in Vero Beach, Florida.
      5195 20Th St, Vero Beach, FL 32966
      View Details
    • Contact for pricing

      Industrial Land Build-to-Suit Opportunity

      Prime I-95 interchange location with flexible building sizes.
      9800 20Th St, Vero Beach, FL 32966
      View Details
    • $14 SF/Yr
      15,500 SF

      Retail Space on State Road

      Retail space available in renovated Vero Beach shopping center.
      4425-4445 20Th St, Vero Beach, FL 32966
      View Details
    • Contact for pricing

      Retail Space in Indian River

      Retail units available in Indian River Mall outparcel.
      6480 20Th St, Vero Beach, FL 32966
      View Details
    • $18 SF/Yr
      3,600 SF

      Vero Beach Retail Space Available

      3,600 SF retail space with modern design for lease.
      1880 82Nd Ave, Vero Beach, FL 32966
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8756 20th St
    Vero Beach, FL 32966
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8756 20th St, Vero Beach, FL, 32966
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!