Office/Warehouse Facility For
181 Sebastian Blvd Sebastian, FL 32958
For Sale
$2,000,000
Single-tenant office/warehouse facility with functional office and operational warehouse space.
Property Size9,892 SF
Lot Size1.29 Acres
Price / SF$202.18
Days on Market142
Property Features for 181 Sebastian Blvd
General Information
Standard status
Active
Size
9,892 SF
Lot size
1.29 Acres
Property subtype
Industrial
Building Details
Year Built
2006
Listing Agency:
Mills Commercial Real Estate Group LLC
(772) 562-0018
Listed By:
Bill Mills · License #BK3304531
(772) 562-0018
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 29 at 1:13PM
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 Mills Commercial Real Estate Group LLC
Investment Insights
Based on property information with market context.
This single-tenant office/warehouse facility, constructed in 2006, is classified as Class C masonry construction. The building has a Gross Building Area of approximately 9,892 square feet, with 8,500 square feet of usable area. The design accommodates both functional office and operational warehouse use.
Key Highlights
- Functional office and operational warehouse use in one facility.
- Approximately 8,500 square feet of usable area.
- Gross Building Area of approximately 9,892 square feet.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $213.7k | $21.60 |
| − Vacancy | −$34.2k | −$3.46 |
| EGI | $179.5k | $18.14 |
| − OpEx | −$44.9k | −$4.54 |
| NOI | $134.6k | $13.61 |
9,892 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,610 @ 7.0% cap · market cap 6.73%
Second Best
Flex RnD
$1.44M
$1.26M – $1.68M
NOI $100,999 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,685 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Single-tenant office/warehouse facility with functional office and operational warehouse space.
Where is this flex space located?
The property is located at 181 Sebastian Blvd Sebastian, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Functional office and operational warehouse use in one facility.; Approximately 8,500 square feet of usable area.; Gross Building Area of approximately 9,892 square feet.
