1575 Indian River BlvdVero Beach, FL 32960

Property Details for 1575 Indian River Blvd

Year built

2006

Property size (Sq ft)

1,690 SF

Property type

Office properties

APN

33-40-07-00003-0003-00110.0

APU

9223372036854775807

Description

This exceptional 1,380-square-foot executive office suite in Vero Beach, Florida, is available for lease starting March 1, 2025. Located at 1575 Indian River Blvd C-220, this Class B office space boasts high-end finishes and a highly efficient layout. The suite features a welcoming reception/lobby area, three private offices, a dedicated conference room, ample storage, and a convenient kitchenette. Enjoy the convenience of a reserved, covered parking space within a large parking lot. The unit is situated in a building constructed in 2006, a two-story structure zoned for Professional Office & Institutional use (POI). This location offers easy access to both the mainland and beachside areas of Vero Beach, making it ideal for businesses seeking to serve a diverse clientele. The monthly lease rate is $2,645 plus sales tax, translating to $23.00 per square foot. Utilities include city water and FPL electricity. The suite offers a private balcony, adding to its appeal and functionality. Currently, 845 square feet are vacant within the larger 1380 square foot space. Indian River County is the location of this single-tenant space.

• CAP approach

  CAP return

  Valuation

  6%

  $658,437

  6.5%

  $607,788

  7%

  $564,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $430,798

  Geo Method

  $430,798

• Alternative Use

  Use

  Valuation

  Residential

  $753,657

  Hospitality

  $690,346

  Educational

  $574,360

  Medical

  $594,113

  Retail

  $893,449

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6297

Longitude

-80.3795

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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