Sebastian Medical Office Building For
For Sale
Contact for pricing
14445 US-1, Sebastian, FL 32958
2,676 SF medical office building in high-traffic location.
Property Size2,676 SF
Lot Size0.55 Acres
Price / SF$272.80
Days on Market556
Property Features for 14445 US-1
General Information
Standard status
Active
Size
2,676 SF
Lot size
0.55 Acres
Property subtype
Retail, Office, Special Purpose
Zoning
CL - Commercial Light
Occupancy
100%
Lease Type
NNN
Net Operating Income
$46,830
Building Details
Year Built
1962
Year Renovated
2023
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SVN CP | Treasure Coast
Listed By:
Samuel Zuker · License #3507062
Source:
Crexi
Added: Feb 11, 2025
Changed: Aug 21
Last Checked: Aug 21 at 6:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN CP | Treasure Coast
Investment Insights
Based on property information with market context.
This 2,676 SF stand-alone medical office building is strategically located along US Hwy-1 in Sebastian, FL. The property benefits from high visibility with direct frontage to over 25,000 daily drivers. Situated on a 0.55-acre parcel, the property includes 17 private parking spaces. Zoned CL (Commercial Light) by Indian River County, the property allows for a wide range of professional and medical uses. The site is located a quarter mile north of Sebastian River Medical Center. The building is fully leased to an established direct primary care and urgent care practice under a five-year agreement, generating stable income at a 6.5% CAP rate. Recent capital improvements include a new roof and upgraded electrical systems in 2023, along with a brand-new HVAC system installed in 2025, minimizing future maintenance expenses. This property is suitable for commercial real estate, medical office space, office, storefront, and retail purposes.
Key Highlights
- High‑traffic location on US Hwy‑1 with 25,000+ daily drivers, providing excellent visibility.
- Fully leased to an established medical practice with a 6.5% CAP rate, ensuring stable income.
- Proximity to Sebastian River Medical Center, ideal for healthcare‑related businesses.
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
$36,415
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
4.99%
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%
$728,300
$728.3K
Cap Rate 7%
$520,214
$520.2K
Cap Rate 9%
$404,611
$404.6K
Market Conditions
NOI Build-Up for 2,676 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
$57.8K $21.60/SF
− Vacancy
−$9.2K −$3.46/SF
EGI
$48.6K $18.14/SF
− OpEx
−$12.1K −$4.54/SF
NOI
$36.4K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$728,300
Cap Rate 7%
$520,214
Cap Rate 9%
$404,611
Alternative Uses
Best Use
Office B
$520.2K
$455.2K – $606.9K
NOI $36,415 @ 7.0% cap · market cap 4.99%
Second Best
Healthcare Medical
$481.1K
$421.0K – $561.3K
NOI $33,679 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$706.0K
$617.8K – $823.7K
NOI $49,420 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,676 SF medical office building in high-traffic location.
Where is this medical office space located?
The property is located at 14445 US-1 Sebastian, FL.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: High‑traffic location on US Hwy‑1 with 25,000+ daily drivers, providing excellent visibility.; Fully leased to an established medical practice with a 6.5% CAP rate, ensuring stable income.; Proximity to Sebastian River Medical Center, ideal for healthcare‑related businesses.
