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    OFF-MARKET
    Office buildings

    946 16th Pl, Vero Beach, FL 32960-6245

    2,700 SF 0.23 ac lot Built 2007
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US18-2703015
    Property summary
    AI-generated overview

    This exceptional 1,350 square foot office space is available for lease in Vero Beach, Florida. Located at 946 16th Place, this single-tenant unit is part of a 2,700 square foot building constructed in 2007. The space boasts a modern and updated interior, featuring high ceilings and a metal roof, along with impact-rated exterior for added security. Convenient access is provided via both front and rear access doors. Ample parking is available, with approximately 10 spaces per building and convenient drive-up access. Enjoy the added benefit of an outdoor picnic table for tenant use. The property's zoning is B-1 (Planned Business District - Commercial), ideal for a variety of commercial uses. The location offers excellent visibility and accessibility, with 16th Place providing easy access to 10th Avenue and US-1. High traffic counts of 14,686 vehicles per day (2017 data) ensure high visibility for your business. Utilities include FPL (electric), city water, and sewer. The lease rate is $2,362.50 per month plus sales tax, translating to $21.00 per square foot annually. This is a fantastic opportunity to secure a well-maintained, conveniently located office space in the heart of Vero Beach. The zip code is 32960.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2007
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,700 SF
    Lot 0.23 ac (10,019 SF)
    Zoning code B-1
    APN 33-39-01-00045-0000-00013.0
    UPID US18-2703015
    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
    • NHC HomeCare, Vero Beach Home Health Care Service
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Vesta Prestige Real Estate LLC · 2 yrs held
    Vesta Prestige Real Estate LLC
    since 2024
    3 recorded transactions
    2024
    $535,000
    2006
    $150,000
    1969
    Zoning & alternative use
    B-1 · Vero Beach, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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