Manufacturing Property with Existing
For Sale
$1,900,000
100 Veterans Memorial Way Sebastian, Sebastian, FL 32958
Existing improvements and a storage shed accompany completed environmental testing with clear results.
Property Size8,722 SF
Lot Size3.37 Acres
Price / SF$217.84
Days on Market54
Property Features for 100 Veterans Memorial Way Sebastian
General Information
Standard status
Active
Size
8,722 SF
Lot size
3.37 Acres
Zoning
General Commercial
Additional Details
Land Use
commercial
Amenities
storage shed
Concrete
false
2
3-5 Acres,Corner Lot
Public
3.37
146797
8722
Building Details
Building Size
8,722 SF
Year Built
1992
Buildings
3
Stories
2
Listing Agency:
(407) 890-1354
Listed By:
Kimberly BeachByerly
(407) 890-1354
Source:
Therealestatecollection
Added: Jul 8
Changed: Aug 30
Last Checked: Aug 30 at 7:17AM
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 Kimberly BeachByerly
Investment Insights
Based on property information with market context.
This 3.37-acre General Commercial property in Sebastian includes three existing buildings and a storage shed. The site is currently operating as a distillery, with concrete interior features and improvements dating to 1992. Its existing building configuration provides a foundation for continued operation or a different plan.
Located at 100 Veterans Memorial Way, the property occupies a corner lot with public access. The City of Sebastian is supportive of uses including a distillery, entertainment venue, restaurant, and other General Commercial uses. Environmental testing has been completed with clear results, and a survey, environmental reports, and supporting documents are available for review.
Located at 100 Veterans Memorial Way, the property occupies a corner lot with public access. The City of Sebastian is supportive of uses including a distillery, entertainment venue, restaurant, and other General Commercial uses. Environmental testing has been completed with clear results, and a survey, environmental reports, and supporting documents are available for review.
Key Highlights
- 3.37‑acre General Commercial site in Sebastian
- Three existing buildings plus a storage shed
- Currently operating as a working distillery
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
$53,300
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
2.81%
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%
$1,066,000
$1.1M
Cap Rate 7%
$761,429
$761.4K
Cap Rate 9%
$592,222
$592.2K
Market Conditions
NOI Build-Up for 8,722 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
$78.5K $9.00/SF
− Vacancy
−$2.4K −$0.27/SF
EGI
$76.1K $8.73/SF
− OpEx
−$22.8K −$2.62/SF
NOI
$53.3K $6.11/SF
Area
Brevard County, FL
Vacancy
3.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,066,000
Cap Rate 7%
$761,429
Cap Rate 9%
$592,222
Alternative Uses
Best Use
Industrial
$761.4K
$666.3K – $888.3K
NOI $53,300 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $161,078 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
171
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Existing improvements and a storage shed accompany completed environmental testing with clear results.
Where is this manufacturing property located?
The property is located at 100 Veterans Memorial Way Sebastian Sebastian, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 3.37‑acre General Commercial site in Sebastian; Three existing buildings plus a storage shed; Currently operating as a working distillery
