Manufacturing Facility with Excess
For Sale
$6,490,000
10045 102nd Terrace, Sebastian, FL 32958
Commercial Sale, Sebastian, FL
Property Size29,796 SF
Lot Size5.20 Acres
Price / SF$217.81
Days on Market468
Property Features for 10045 102nd Terrace
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 6, Bathroom 5
Subdivision
5940 - Other Florida County
Standard status
Active
APN
313821000020000000010
Size
29,796 SF
Lot size
5.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
MACHO PRODUCTS PLAT LOT 1 PBI 23-68
Tax Annual Amount
40285
Legal Description
MACHO PRODUCTS PLAT LOT 1 PBI 23-68
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1994
Floors in Building
1
Number of units
8
Flooring type
Concrete, Tile - Ceramic
Building materials
CBS, Concrete, Concrete Block - With Stucco, Stucco
Roof type
Metal
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Christopher John Flaig ll · License #3495792
(772) 766-2001
Added: Jun 9, 2025
Changed: Sep 17
Last Checked: Sep 19 at 8:06PM
MLS# R11098010
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1994 concrete manufacturing facility occupies 5.2 acres and is configured for industrial operations, with climate control, full sprinkler coverage, and a metal roof. Electrical service includes 3-phase 480V power at 800 amps, while interior clear heights range from 15 feet at the eaves to 19 feet at the center apex. Public sewer, central heating, central air, concrete flooring, and ceramic tile are also in place.
The property is located in Sebastian near CR 512 and provides access to I-95. Industrial zoning is designated IL. The current owner occupies the facility, with the ability to deliver it vacant or arrange a short-term leaseback. Supporting documentation includes a completed Phase II environmental assessment, building inspection, survey, and insurance materials. The site also includes land that can support outdoor storage or future expansion.
The property is located in Sebastian near CR 512 and provides access to I-95. Industrial zoning is designated IL. The current owner occupies the facility, with the ability to deliver it vacant or arrange a short-term leaseback. Supporting documentation includes a completed Phase II environmental assessment, building inspection, survey, and insurance materials. The site also includes land that can support outdoor storage or future expansion.
Key Highlights
- 5.2‑acre manufacturing property in Sebastian, FL
- IL zoning with industrial manufacturing use
- 3‑phase 480V electrical service at 800 amps
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$205,297
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,105,940
$4.1M
Cap Rate 7%
$2,932,814
$2.9M
Cap Rate 9%
$2,281,078
$2.3M
Market Conditions
NOI Build-Up for 29,796 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$250.3K $8.40/SF
− Vacancy
−$8.8K −$0.29/SF
EGI
$241.5K $8.11/SF
− OpEx
−$36.2K −$1.22/SF
NOI
$205.3K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,105,940
Cap Rate 7%
$2,932,814
Cap Rate 9%
$2,281,078
Alternative Uses
Best Use
Warehouse
$2.93M
$2.57M – $3.42M
NOI $205,297 @ 7.0% cap · market cap 3.16%
Second Best
Industrial
$2.60M
$2.28M – $3.03M
NOI $182,083 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$7.86M
$6.88M – $9.17M
NOI $550,273 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
19 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 32958, FL
28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Concrete industrial facility with climate control, sprinkler protection, substantial electrical service, and flexible delivery options.
Where is this manufacturing property located?
The property is located at 10045 102nd Terrace Sebastian, FL.
What is the asking price?
The asking price for this property is $6,490,000.
What are key features of this property?
This property features: 5.2‑acre manufacturing property in Sebastian, FL; IL zoning with industrial manufacturing use; 3‑phase 480V electrical service at 800 amps
