Versatile Warehouse and Flex
For Sale
$650,000
Pending
6820 Woodmere Road, Sebastian, FL 32958
Corner commercial property with warehouse, flex space, and ample parking.
Property Size2,496 SF
Days on Market830
Property Features for 6820 Woodmere Road
General Information
Standard status
Pending
Size
2,496 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1984
Listing Agency:
RE/MAX Crown Realty
(772) 589-3054
Listed By:
John E. King · License #0692286
(772) 589-3054
Source:
Exitrealty
Added: May 2, 2024
Changed: Aug 8
Last Checked: Aug 8 at 2:06PM
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 RE/MAX Crown Realty
Investment Insights
Based on property information with market context.
This corner commercial property, located near Old Dixie Highway in Sebastian, features approximately 2,500 sq ft of versatile warehouse and flex space. The property includes ample parking and a backup Generac generator with an Ameri-Gas tank. High ceilings, multiple bays, a spacious office area, and a restroom enhance the functionality of the space. Security features include a 6' barbed fence, gate, and a security system with lights. The property is suited for commercial real estate, flex space, industrial, warehouse, and office use.
Key Highlights
- Prime corner location near Old Dixie Highway in Sebastian.
- Approximately 2,500 sq ft of versatile warehouse and flex space.
- Ample parking available.
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
$33,966
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
5.23%
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%
$679,320
$679.3K
Cap Rate 7%
$485,229
$485.2K
Cap Rate 9%
$377,400
$377.4K
Market Conditions
NOI Build-Up for 2,496 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
$53.9K $21.60/SF
− Vacancy
−$8.6K −$3.46/SF
EGI
$45.3K $18.14/SF
− OpEx
−$11.3K −$4.54/SF
NOI
$34.0K $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%
$679,320
Cap Rate 7%
$485,229
Cap Rate 9%
$377,400
Alternative Uses
Best Use
Office B
$485.2K
$424.6K – $566.1K
NOI $33,966 @ 7.0% cap · market cap 5.23%
Second Best
Flex RnD
$364.1K
$318.6K – $424.8K
NOI $25,485 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$658.5K
$576.2K – $768.3K
NOI $46,096 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Under-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.
Frequently Asked Questions
What type of property is this?
Flex space - Corner commercial property with warehouse, flex space, and ample parking.
Where is this flex space located?
The property is located at 6820 Woodmere Road Sebastian, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime corner location near Old Dixie Highway in Sebastian.; Approximately 2,500 sq ft of versatile warehouse and flex space.; Ample parking available.
