601 21St StVero Beach, FL 32960

Property Details for 601 21St St

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.06 AC

Property size (Sq ft)

32,139 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Banks

APN

33-39-01-00001-0000-00008.0

APU

9223372036854775807

Description

This Class A, 10,134 square foot office building at 601 21st Street, Suite 300, Vero Beach, FL 32960, offers a variety of flexible workspace solutions. Located in Indian River County's central business district, this four-story building boasts 350 suites, with 5,970 square feet currently vacant. The property underwent renovations in 2019 and features floor-to-ceiling windows providing ample natural light and views. Spaces range from private, fully furnished offices for individuals or large companies, to custom office spaces, disaster recovery spaces, and day offices. Options are available to suit various needs and budgets, with minimum divisible space starting at 10 square feet and maximum contiguous space up to 1,300 square feet. The building includes elevators and is situated near numerous restaurants and businesses. This prominent location is surrounded by companies in diverse high-tech industries, creating a vibrant and collaborative environment. A benefits program offering exclusive discounts and procurement support is also available to tenants. The property is ideal for businesses seeking a modern, well-equipped, and conveniently located office space in Vero Beach, Florida.

• CAP approach

  CAP return

  Valuation

  6%

  $18,406,724

  6.5%

  $16,990,822

  7%

  $15,777,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,645,232

  Geo Method

  $20,645,232

• Alternative Use

  Use

  Valuation

  Residential

  $14,332,394

  Hospitality

  $13,128,396

  Educational

  $10,922,671

  Medical

  $11,298,319

  Retail

  $16,990,822

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6393

Longitude

-80.3857

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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