Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    980 Old Dixie SW Hwy Vero Beach, FL 32962-5610

    • Commercial land
    • 1.42 lot acres
    OFF-MARKET
    Last Sale
    Mar 18, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3504553
    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

    • Commercial land

    Property Details for 980 Old Dixie SW Hwy

    Lot size
    1.42 lot acres
    Zone code
    CH
    Property type
    Commercial land
    APN
    33-40-30-00000-3000-00012.0
    APU
    9223372036854775807

    Description

    This exceptional 5,000-square-foot Class A warehouse, built in 2024, is ideally situated on Old Dixie Highway SW. The single-tenant property boasts a modern design and high-quality construction, including double insulated construction for superior energy efficiency. The building features a 16-18 foot ceiling height and a concrete slab floor, providing ample space for various industrial uses. Access is facilitated by 14-foot high insulated bay doors. The interior includes two restrooms, allowing for potential division into two 2,500-square-foot units. The warehouse is equipped with a three-phase electrical system, featuring two separate electric panels for enhanced functionality. An exhaust system is already in place. This hurricane-resistant structure is zoned (CH) Commercial Heavy, providing flexibility for a range of industrial businesses. Utilities include county water and sewer, and Florida Power & Light with 3-phase electric service. The lease rate is $16-$17 per square foot, plus taxes. This prime location offers excellent accessibility and visibility. Don't miss this opportunity to secure a state-of-the-art warehouse in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.3794
    Latitude
    27.5852
    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
    $2,928
    $210,308
    $0.00
    $210,308
    -
    $210,308
    $0.00
    $210,308

    Comparable in this City

    • Value Estimation by Request
      6.00 Acres

      565 Indian Riv Blvd

      VACANT COMMERCIAL LAND • 6.00 Acres
      565 Indian Riv Blvd, Vero Beach, FL 32962
      View Details
    • Value Estimation by Request
      0.26 Acres

      730 Old Dixie Hwy

      VACANT COMMERCIAL LAND • 0.26 Acres
      730 Old Dixie Hwy, Vero Beach, FL 32962-1633
      View Details
    • Value Estimation by Request
      0.46 Acres

      1935 Us Hwy 1st 1

      VACANT COMMERCIAL LAND • 0.46 Acres
      1935 Us Hwy 1st 1, Vero Beach, FL 32962
      View Details
    • Value Estimation by Request
      0.26 Acres

      845 8th SW Way

      VACANT COMMERCIAL LAND • 0.26 Acres
      845 8th SW Way, Vero Beach, FL 32962-5531
      View Details
    • Value Estimation by Request
      0.09 Acres

      687 9th SW St

      VACANT COMMERCIAL LAND • 0.09 Acres
      687 9th SW St, Vero Beach, FL 32962-4714
      View Details
    • Value Estimation
      $875,000
      7.54 Acres

      Vero Beach, FL 32962

      VACANT COMMERCIAL LAND • 7.54 Acres
      Vero Beach, FL 32962
      View Details

    Similar Nearby for Sale

    • $3,200,000

      Commercial Land Ready for Development

      10+- acre commercial land with utilities, ready for development.
      605 9Th St SW, Vero Beach, FL 32962
      View Details
    • $285,000

      Commercial Lot on US #1

      Commercial land for sale on US #1 in Vero Beach.
      2083 S Us Highway 1, Vero Beach, FL 32962
      View Details
    • $1,000,000

      Prime Commercial Land Opportunity

      6.14-acre commercial land for sale in Vero Beach, FL.
      955 7Th Rd SW, Vero Beach, FL 32962
      View Details
    • $82,000
      0.19 Acres

      Vero Beach Commercial Lot

      Commercial lot available in Vero Beach, Florida.
      1446 Old Dixie Hwy SW, Vero Beach, FL 32962
      View Details
    • $1,050,000

      General Commercial Land For Sale

      3.64 acres of commercially zoned land near US1.
      995 Old Dixie Hwy, Vero Beach, FL 32962
      View Details
    • $450,000

      Commercial Land Available For Sale

      Two parcels of land totaling 1.09 acres for sale.
      1415 S Us Highway 1, Vero Beach, FL 32962
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Out-Parcels Available For Lease

      Commercial out-parcels for lease near major retailers.
      4050 9Th St SW, Vero Beach, FL 32962
      View Details
    • $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
    • $15 SF/Yr
      18,850 SF

      Infinity Vero Industrial Park

      Vero Beach Flex Space: 8 Units Available
      827 8Th 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
    • $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
    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.
    980 Old Dixie SW Hwy
    Vero Beach, FL 32962-5610
    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

    Google sign-in failed. Please try again or use another login method.