Manufacturing Facility with Excess
For Sale
$6,490,000
10045 102nd Terrace, Sebastian, FL 32958
Commercial Sale, Sebastian, FL
Property Size40,000 SF
Lot Size5.20 Acres
Price / SF$217.81
Days on Market513
Property Features for 10045 102nd Terrace
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 2, Bathroom 5
Subdivision
5940 - Other Florida County
Standard status
Active
APN
313821000020000000010
Size
29,796 SF
Lot size
5.20 Acres
Additional Details
Property Use
Manufacturing
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: Oct 31
Last Checked: Nov 3 at 9:06PM
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.
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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 / Yr
$240,145
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,802,900
$4.8M
Cap Rate 7%
$3,430,643
$3.4M
Cap Rate 9%
$2,668,278
$2.7M
Market Conditions
NOI Build-Up for 29,796 SF
Gross rent
$296.8K $9.96/SF
− Vacancy
−$14.2K −$0.48/SF
EGI
$282.5K $9.48/SF
− OpEx
−$42.4K −$1.42/SF
NOI
$240.1K $8.06/SF
Area
Indian River County, FL
Vacancy
4.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,802,900
Cap Rate 7%
$3,430,643
Cap Rate 9%
$2,668,278
Alternative Uses
Best Use
Warehouse
$3.43M
$3.00M – $4.00M
NOI $240,145 @ 7.0% cap · market cap 3.70%
Second Best
Industrial
$2.54M
$2.22M – $2.97M
NOI $177,954 @ 7.0% cap · market cap 2.74%
Theoretical Best
Specialty Retail
$6.53M
$5.72M – $7.62M
NOI $457,407 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
19 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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
