1991 74Th AveVero Beach, FL 32966

Property Details for 1991 74Th Ave

Year built

1991

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.83 AC

Property size (Sq ft)

14,326 SF

Zone code

CN

Property type

Office buildings

APN

33-38-01-00001-0090-00001.1

APU

9223372036854775807

Description

This single-tenant, 4,990 square foot office space is located at 1991 74th Ave, Vero Beach, FL 32966. Situated in a Class B building constructed in 1991, this ground floor suite offers a spacious environment with high ceilings and numerous windows. The layout includes a large conference room, break room, male and female restrooms, space for 3-4 workstations in an administrative area, a bullpen accommodating 5-8 workstations, and four executive offices. The property is handicap accessible. The building features approximately 63 on-site parking spaces. The zoning is (CN) Neighborhood Commercial District. Utilities include county water and FPL. The property enjoys high traffic visibility, with 29,435 vehicles passing daily (2021 data). The lease rate is $18.50 per square foot, NNN, plus sales tax. The total building size is 14,326 square feet, and this suite is part of a single-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $5,060,081

  6.5%

  $4,670,844

  7%

  $4,337,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,651,841

  Geo Method

  $3,651,841

• Alternative Use

  Use

  Valuation

  Residential

  $5,791,846

  Hospitality

  $5,305,300

  Educational

  $4,413,948

  Medical

  $4,565,750

  Retail

  $6,866,140

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6384

Longitude

-80.4802

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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