Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    989 Sebastian Blvd Sebastian, FL 32958

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $1,050,000

    Office building with three suites and excellent rental history.

    Property size:
    5,062 SF
    Lot size:
    0.61 Acres

    Property Features for 989 Sebastian Blvd

    General Information

    Standard status
    Contract
    Size
    5,062 SF
    Lot size
    0.61 Acres

    Building Details

    Year built
    2001

    We can help!

    Listing Contact
    Carl Robert Sciara
    Carl Robert Sciara
    Source: Exitrealty

    Listing Agency: Dale Sorensen Real Estate Inc. Listing Agent: Carl Robert Sciara

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Fully Occupied Office Building

    This is an opportunity to purchase a fully occupied office building with a rental history. The property consists of three separate office/medical suites. It is located on Sebastian's main East/West Artery, providing direct access to I-95 and US Highway 1. The property is currently occupied by three tenants. Two of the suites are 1,250 square feet each, and the third suite is 2,500 square feet. The total property size is 5,062 square feet. Once space is available, buyers can use it or lease it for income.
    Location Intelligence

    Current Use by Public Records

    American Security Council ... Charitable Organization Center for Pain Treatment: ... Physician Sharon Taranto Physician Anthony Romano Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Brevard
    State
    Florida
    Longitude
    -80.494048
    Latitude
    27.7819155

    Nearby Similar for Sale

    • $379,900
      0.23 Acres

      Sebastian Duplex with Pool

      Duplex in Sebastian, Florida with two units and pool.
      362 Del Monte Rd, Sebastian, FL 32958
      View Details
    • $325,000

      Sebastian Duplex with Income Potential

      Duplex in Sebastian, FL, offering immediate cash flow potential.
      11166 Mulberry St, Sebastian, FL 32958
      View Details
    • $2,795,000
      70,132 SF

      Riverfront Acres in Sebastian, FL

      1.61 acres, zoned for multifamily, with private dock.
      11450 S Indian River Dr, Sebastian, FL 32958
      View Details
    • $2,795,000
      1.61 Acres

      Riverfront Cottages on 1.61 Acres

      Riverfront property with 12 cottages and development potential.
      11450 S Indian River Dr, Sebastian, FL 32958
      View Details
    • $650,000
      2,496 SF

      Versatile Warehouse and Flex Space

      Corner commercial property with warehouse, flex space, and ample parking.
      6820 Woodmere Rd, Sebastian, FL 32958
      View Details
    • $1,100,000
      4,534 SF

      Sebastian, FL Retail/Office Plaza

      Retail and office plaza in Sebastian, Florida, near Vero Beach.
      1614 Us Highway 1, Sebastian, FL 32958
      View Details
    • $2,000,000

      Office/Warehouse Facility For Sale

      Single-tenant office/warehouse facility with functional office and operational warehouse space.
      181 Sebastian Blvd, Sebastian, FL 32958
      View Details
    • $1,100,000

      Riverwalk Village Retail Investment Opportunity

      Retail storefronts/offices in Sebastian, FL, near Indian Riverfront Village.
      1614 Us Highway 1, Sebastian, FL 32958
      View Details
    • $8,500,000

      Industrial Property on 15 Acres

      Industrial building on 15 acres with heavy power.
      7550 129Th St, Sebastian, FL 32958
      View Details
    • $550,000

      Retail Property Near Indian River

      Retail property steps from the Indian River and boat ramp.
      717 Coolidge St, Sebastian, FL 32958
      View Details
    • $1,895,000

      Waterfront Fourplex with Dock

      Income-producing fourplex with dock on 0.80 acres.
      925 Indian River Dr, Sebastian, FL 32958
      View Details
    • $2,000,000
      8,500 SF

      Industrial Property with Ample Parking

      Well-maintained industrial property featuring a concrete parking lot.
      181 Sebastian Blvd, Sebastian, FL 32958
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with three suites and excellent rental history.
    Where is this office building located?
    The property is located at 989 Sebastian Blvd Sebastian, FL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Fully occupied office building with excellent rental history.; - Three separate office/medical suites.; - Prime location on Sebastian's main East/West artery with direct access to I-95 and US Highway 1.
    (772) 231-4712
    Request Owner's contact information
    989 Sebastian Blvd Sebastian, FL 32958
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    989 Sebastian Blvd
    Sebastian, FL 32958
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    989 Sebastian Blvd Sebastian, FL 32958
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carl Robert Sciara
    Carl Robert Sciara
    Real Estate License ID: 0704862
    (772) 231-4712 (772) 538-0804 (772) 234-3801
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!