3955 Indian River BlvdVero Beach, FL 32960

Property Details for 3955 Indian River Blvd

Year built

2021

Construction

CONCRETE

Lot size

9.63 AC

Property size (Sq ft)

67,334 SF

Zone code

MED

Property type

Healthcare properties

Property subtype

Medical offices

APN

32-39-25-00000-5000-00001.0

APU

9223372036854775807

Description

This exceptional Class A medical office building, situated at 3955 Indian River Blvd in Vero Beach, FL 32960, offers 7,000 square feet of immediately available space in a prime Medical District location. Built in 2021, this two-story building boasts 67,334 total square feet, with a minimum divisible space of 1,700 square feet and a maximum contiguous space of 7,000 square feet. The building features modern architectural design, recently recognized for its aesthetic appeal, and enjoys excellent visibility along Indian River Blvd, a high-traffic area. Amenities include ample parking and elevators. The property is zoned MED and benefits from a tenant improvement allowance. This is a rare opportunity to lease state-of-the-art space in a thriving medical community, ideal for practices seeking efficient and attractive office suites. The building's contemporary façade and design make it a recognizable landmark. This location offers easy access and high visibility, making it an excellent choice for medical professionals seeking a prestigious address. The available space is perfect for build-to-suit opportunities, allowing for customization to meet specific practice needs.

• CAP approach

  CAP return

  Valuation

  6%

  $26,234,570

  6.5%

  $24,216,528

  7%

  $22,486,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,164,110

  Geo Method

  $17,164,110

• Alternative Use

  Use

  Valuation

  Residential

  $30,028,494

  Hospitality

  $27,505,938

  Educational

  $22,884,618

  Medical

  $23,671,656

  Retail

  $35,598,296

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6648

Longitude

-80.3921

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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