Projects
Indian River MotorHaus 2.0
Project facts
- Status
- Completed
- Address
- 2400 41st Street
- City
- Vero Beach, Florida
- Region
- Central-East Florida
- Submarket
- Vero Beach; Sebastian
- Units
- 92
- Amenity tier
- Standard
- Key amenities
- Vehicle Lift Capability, 14'+ Roll-Up Doors, 18'+ Clear Heights, Mezzanine Capabilities, Gated Access & Security, Wash Bays & RV Stations, Video Surveillance
- Construction
- Block
- Finish level
- Basic
- Year built
- 2024
- Flood zone
- X
Market value summary
- # of Sales (T-36)
- 37
- Avg Sale Price (T-36)
- $264 / SF
- Avg Sale Price (T-36)
- $315,000
- Avg Market Value
- $339 / SF
- Avg Market Value
- $365,000
Location Summary
Vero Beach / Vero Beach; Sebastian Overview
The property occupies 2400 41st Street, about 0.4 miles west of U.S. 1 on the northern edge of the Vero Beach Regional Airport campus. The address is defined by aviation. The airport boundary begins roughly a mile south, Piper Aircraft's headquarters campus is about 1.4 miles south, and the flight-training, avionics, and composite-manufacturing firms clustered around the field make this the densest concentration of skilled technical employment in Indian River County. 41st Street is a low-traffic industrial connector, so the site gets corridor access without corridor congestion and has room for trailer and transporter movement.
The surrounding trade area is one of the strongest SCK tracks in Central-East Florida on a mainland basis. Within 3 miles the median home value is $476,475 and 1,529 households earn $200,000 or more, and at 5 miles the median value rises to $543,044 with 3,972 households above $200,000, reflecting the reach into the barrier island and the north-county club communities. On SCK's portfolio-relative measures the Vero Beach and Sebastian corridor holds a trade-area wealth percentile of 43.5, second in the region only to Stuart at 52.2 and ahead of Palm Coast at 39.1, Daytona at 26.1, and Port St. Lucie at 17.4. Half of the 5-mile population is 55 or older and 16.4 percent of housing units are seasonal, an owner profile that keeps vehicles enclosed for long stretches and values preservation over daily access.
Two lines of metro context inherited from the platform's regional and submarket reports: the Sebastian to Vero Beach metro counted 173,013 residents in the April 2025 state estimate, part of a four-metro Central-East Florida band of roughly 2.15 million that grew about 11.6 percent in five years. Florida's net $20.6 billion interstate gain in adjusted gross income in the latest IRS filing year, the largest of any state and driven by the absence of a state income tax, continues to feed that growth.
Drive times are short: State Road 60 is about 3 miles south, Interstate 95 roughly 7.5 miles southwest, the barrier-island bridges inside ten minutes, and the airport terminal four minutes.
Current Events & Infrastructure
- 41st Street and 45th Street corridor road package: Indian River County carries two capital projects on the streets that serve this address, a $1.9 million left-turn-lane improvement at 41st Street just west of U.S. 1, programmed for 2026 and located about 0.4 miles east of the site, and a $12.5 million resurfacing of 45th Street from 43rd Avenue to 58th Avenue scheduled to begin in June 2026, roughly 1.5 to 3 miles west. Together the $14.4 million package rebuilds both of the east to west connectors this site depends on for truck and trailer access.
- Piper Aircraft factory service center: Piper announced in July 2026 that it will add a factory service center at its 30-acre Vero Beach headquarters about 1.4 miles south, with more than 33,000 square feet of indoor space plus 11,000 square feet outdoors, seven indoor aircraft bays and four outdoor bays, and at least 20 new technician, A&P mechanic, and support positions. Groundbreaking is set for late 2026 with opening in the fourth quarter of 2027, Piper's 90th anniversary year; the company has not disclosed a construction cost. The center will serve the Eastern United States, the Caribbean, Mexico, and Central America.
Key Demand Drivers
The demand profile at this address is unusual for a coastal Florida market: a genuine skilled-trades and aviation-technical workforce sitting directly alongside a seasonal, high-net-worth ownership base. The first group understands and values purpose-built enclosed workspace; the second needs protected space during long absences.
- Piper Aircraft: About 1.4 miles south, Piper's 30-acre Vero Beach campus is the county's flagship manufacturer, building personal, business, and trainer aircraft, and it is expanding with a new seven-bay factory service center opening in the fourth quarter of 2027.
- Skyborne Airline Academy: At 2825 Airport Drive, roughly 1.2 miles south, Skyborne acquired the Vero Beach flight academy in 2021 and now runs ab initio cadet pipelines for Ryanair's Future Flyer Academy, IndiGo, and British Airways Speedbird, welcoming new integrated ATPL and Speedbird intakes at Vero Beach as recently as June 2026. It brings a rotating population of internationally sponsored cadets and instructors to the field.
- Vero Beach Regional Airport aerospace cluster: The publicly owned field one mile south operates three active runways and hosts fixed-base operators Sun Aviation and Paris Air alongside Velocity Aircraft, a composite aircraft manufacturer, Whelen Aerospace Technologies in aircraft LED lighting, and TrueAero's parts warehousing and leasing operation.
- Corridor seasonal ownership base: Within 5 miles of the site 16.4 percent of housing units are seasonal and 50.0 percent of the population is 55 or older, and the corridor's SCK trade-area wealth percentile of 43.5 ranks it second among the region's five tracked submarkets.
Location Highlights
- Metro Position: The Sebastian to Vero Beach metro reached 173,013 residents in April 2025 inside a Central-East Florida band of roughly 2.15 million growing about 11.6 percent over five years.
- Enthusiast Culture: An aviation-technical culture built around Piper's manufacturing campus, three active runways, and a cadet-training operation feeding three international airline programs, all within about 1.5 miles.
- Infrastructure and Recreation: A $14.4 million county road package on 41st and 45th Streets, both under construction or programmed for 2026, plus barrier-island beach access inside a ten minute drive.
- Market-Specific Factor: An industrial connector address adjacent to a major employment campus gives this site maneuvering room that highway-frontage parcels cannot match.
- Tax and Quality of Life: No state income tax on wages, retirement income, or capital gains, the decisive factor behind Florida's net $20.6 billion interstate AGI gain.
- High Net Worth Concentration: 1,529 households earn $200,000 or more within 3 miles, 3,972 within 5 miles, and 5,584 within 7 miles, rising to 6,829 at 10 miles.
Area Demographics (ACS 2024)
5-Mile Profile: Population 57,259 | Median HH Income $87,235 | HH Earning $150K+ 24.7% | Median Age 52.5 | Age 55+ 50.0% | Seasonal Units 16.4% | Households with 3+ Vehicles 13.3%
Wealth Index: 5.3 / 10 (SCK portfolio-relative)
Unit values
| Unit | Size | Market value | $ / SF |
|---|---|---|---|
| Unit 1 | 871 SF | $308,000 | $354 / SF |
| Unit 1 | 2,004 SF | $559,000 | $279 / SF |
| Unit 1 | 1,307 SF | $425,000 | $325 / SF |
| Unit 1 | 871 SF | $308,000 | $354 / SF |
| Unit 1 | 1,307 SF | $425,000 | $325 / SF |
| Unit 1 | 1,307 SF | $425,000 | $325 / SF |
| Unit 1 | 1,525 SF | $474,000 | $311 / SF |
| Unit 1 | 871 SF | $308,000 | $354 / SF |
| Unit 1 | 1,307 SF | $425,000 | $325 / SF |
| Unit 1 | 871 SF | $308,000 | $354 / SF |
| Unit 2 | 871 SF | $308,000 | $354 / SF |
| Unit 2 | 1,307 SF | $425,000 | $325 / SF |
| Unit 2 | 871 SF | $308,000 | $354 / SF |
| Unit 2 | 1,307 SF | $425,000 | $325 / SF |
| Unit 2 | 871 SF | $308,000 | $354 / SF |
| Unit 2 | 1,525 SF | $474,000 | $311 / SF |
| Unit 2 | 1,307 SF | $425,000 | $325 / SF |
| Unit 2 | 1,307 SF | $425,000 | $325 / SF |
| Unit 2 | 871 SF | $308,000 | $354 / SF |
| Unit 3 | 871 SF | $308,000 | $354 / SF |
| Unit 3 | 871 SF | $308,000 | $354 / SF |
| Unit 3 | 871 SF | $308,000 | $354 / SF |
| Unit 3 | 1,307 SF | $425,000 | $325 / SF |
| Unit 3 | 1,307 SF | $425,000 | $325 / SF |
| Unit 3 | 1,525 SF | $474,000 | $311 / SF |
| Unit 3 | 871 SF | $308,000 | $354 / SF |
| Unit 3 | 1,307 SF | $425,000 | $325 / SF |
| Unit 3 | 1,002 SF | $346,000 | $345 / SF |
| Unit 3 | 1,307 SF | $425,000 | $325 / SF |
| Unit 4 | 1,002 SF | $346,000 | $345 / SF |
| Unit 4 | 1,307 SF | $425,000 | $325 / SF |
| Unit 4 | 871 SF | $308,000 | $354 / SF |
| Unit 4 | 1,307 SF | $425,000 | $325 / SF |
| Unit 4 | 871 SF | $308,000 | $354 / SF |
| Unit 4 | 1,307 SF | $425,000 | $325 / SF |
| Unit 4 | 871 SF | $308,000 | $354 / SF |
| Unit 4 | 1,525 SF | $474,000 | $311 / SF |
| Unit 4 | 1,307 SF | $425,000 | $325 / SF |
| Unit 4 | 871 SF | $308,000 | $354 / SF |
| Unit 5 | 1,002 SF | $346,000 | $345 / SF |
| Unit 5 | 871 SF | $308,000 | $354 / SF |
| Unit 5 | 1,307 SF | $425,000 | $325 / SF |
| Unit 5 | 871 SF | $308,000 | $354 / SF |
| Unit 5 | 1,525 SF | $474,000 | $311 / SF |
| Unit 5 | 871 SF | $308,000 | $354 / SF |
| Unit 5 | 871 SF | $308,000 | $354 / SF |
| Unit 5 | 1,307 SF | $425,000 | $325 / SF |
| Unit 5 | 1,152 SF | $386,000 | $335 / SF |
| Unit 5 | 1,307 SF | $425,000 | $325 / SF |
| Unit 6 | 1,002 SF | $346,000 | $345 / SF |
| Unit 6 | 1,307 SF | $425,000 | $325 / SF |
| Unit 6 | 1,307 SF | $425,000 | $325 / SF |
| Unit 6 | 871 SF | $308,000 | $354 / SF |
| Unit 6 | 871 SF | $308,000 | $354 / SF |
| Unit 6 | 1,525 SF | $474,000 | $311 / SF |
| Unit 6 | 1,307 SF | $425,000 | $325 / SF |
| Unit 6 | 1,152 SF | $386,000 | $335 / SF |
| Unit 6 | 871 SF | $308,000 | $354 / SF |
| Unit 6 | 871 SF | $308,000 | $354 / SF |
| Unit 7 | 1,002 SF | $346,000 | $345 / SF |
| Unit 7 | 1,307 SF | $425,000 | $325 / SF |
| Unit 7 | 871 SF | $308,000 | $354 / SF |
| Unit 7 | 1,307 SF | $425,000 | $325 / SF |
| Unit 7 | 1,307 SF | $425,000 | $325 / SF |
| Unit 7 | 1,307 SF | $425,000 | $325 / SF |
| Unit 7 | 871 SF | $308,000 | $354 / SF |
| Unit 7 | 871 SF | $308,000 | $354 / SF |
| Unit 8 | 1,307 SF | $425,000 | $325 / SF |
| Unit 8 | 871 SF | $308,000 | $354 / SF |
| Unit 8 | 1,002 SF | $346,000 | $345 / SF |
| Unit 8 | 1,307 SF | $425,000 | $325 / SF |
| Unit 8 | 1,307 SF | $425,000 | $325 / SF |
| Unit 8 | 871 SF | $308,000 | $354 / SF |
| Unit 8 | 871 SF | $308,000 | $354 / SF |
| Unit 8 | 1,307 SF | $425,000 | $325 / SF |
| Unit 9 | 871 SF | $308,000 | $354 / SF |
| Unit 9 | 1,002 SF | $346,000 | $345 / SF |
| Unit 9 | 871 SF | $308,000 | $354 / SF |
| Unit 9 | 871 SF | $308,000 | $354 / SF |
| Unit 10 | 871 SF | $308,000 | $354 / SF |
| Unit 10 | 871 SF | $308,000 | $354 / SF |
| Unit 10 | 1,002 SF | $346,000 | $345 / SF |
| Unit 10 | 871 SF | $308,000 | $354 / SF |
| Unit 11 | 871 SF | $308,000 | $354 / SF |
| Unit 11 | 871 SF | $308,000 | $354 / SF |
| Unit 11 | 1,002 SF | $346,000 | $345 / SF |
| Unit 11 | 871 SF | $308,000 | $354 / SF |
| Unit 12 | 1,002 SF | $346,000 | $345 / SF |
| Unit 12 | 871 SF | $308,000 | $354 / SF |
| Unit 12 | 871 SF | $308,000 | $354 / SF |
| Unit 12 | 871 SF | $308,000 | $354 / SF |
| Unit 13 | 871 SF | $306,000 | $351 / SF |