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Vero Beach South 32968
5715 US Highway 1
Photo of 5715 US Highway 1
Sold on Jun 17, 2026

2

Map

Photo of 5715 US Highway 1
$600,000
● Land - Off Market

5715 US Highway 1

Vero Beach, FL 32968
bedrooms
Studio
bathrooms
0 Bath
$3,406
Est. Monthly

About This Property

Cleared General Commercial Site with Nearby Utilities. Across Street from the Planned Spoonbill Preserve Community – 460 Single-Family Homes and 412 Multifamily Units, Three Clubhouses, a small Neighborhood Shopping Center and Amenity Facilities. Excellent Location to Service Our Fast-Growing North/Central County. Frontage on US1 and Access from Old Dixie Highway and 57 Street! Permitted Uses Include Fast Food, Medical, Office, or Contractor Trades Service!
Unit Size
-
Days on Market
418 days
Land Size
1.73 acres
Price per sqft
-
Property Type
Land
Property Taxes
$91
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (Indian River #287904)

Price History

Date / Event Date Event Price
Jun 17, 2026 Sold
Premium
Sold
Mar 10, 2026 In contract -
In contract
Feb 18, 2026 Relisted $675,000
Relisted
Feb 11, 2026 In contract -
In contract
Apr 28, 2025 Withdrawn -
Withdrawn
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 71

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORCHARD PARK PD RESIDENTIAL SUBDIVISION
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0000
  • Legal Description 1: ORCHARD PARK PD RESIDENTIAL SUBDIVISION LOT 51 PBI 30-59

Neighborhood

  • School District Name: Indian River County School District
  • Census Tract: 050706

Zoning

  • Zoning: RS-3

Geography

  • Parcel: 33-39-16-00014-0000-00051.0
  • Lot: 51
  • Meridian: SEC 16 TWN 33S RNG 39E
  • Municipality: UNINCORPORATED
  • Latitude: 27.6034
  • Longitude: -80.4453

    Address

  • Full Address: 5715 1st Rd
  • Address - House Number: 5715
  • Address - Street Name: 1st
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Vero Beach
  • Carrier Code: R049
  • 4-Digit Zip Code: 2407
  • Zip Code: 32968

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $61,764
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.4886
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 2
  • Final Value: 473,775
  • High Value: 705,298
  • Low Value: 242,251

    Market Valuation

  • Market Total Value: $42,500
  • Market Land Value: $42,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,500
  • Assessed Land Value: $42,500

    Sales

  • Current Sale Contract Date: Jan 26, 2022
  • Current Sale Recording Date: Jan 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 5900
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Vero Beach South

Stats & Trends

Median Asking:

$339,000

Sale Price/ft²

$217

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1676 ft²

Average Home Age

35.5 years

Currently For Sale

156 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6525 5th Street, Vero Beach, FL, 32968

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 936 ft²
6525 5th Street, Vero Beach, FL, 32968 Listing by Milena Melikovna Rios
Unit for rent at 434 N Tangerine Square Sw, Vero Beach, FL, 32968

$2,050 /mo

  • 3 Beds
  • 2 Baths
  • 1,645 ft²
434 N Tangerine Square Sw, Vero Beach, FL, 32968 Listing by Marie A Lesme

Rentals Near You

Click here to view more rentals in the neighborhood.
RAIRC

Listed by: Kevin Lambert, Lambert Commercial Real Estate
Last Updated: 5 months ago
Data Source: RAIRC, MLS# 287904
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 5715 1st Road built and last sold?
The property at 5715 1st Road was built in and last sold on Jan 26, 2022 for $453,859.
How much is this home worth?
The estimated value of the home located at 5715 1st Road is $681,750.
What are some comparable homes to 5715 1st Road?
There are currently no comparable homes to 5715 1st Road.
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