Freestanding Retail
For Sale
$593,000
1400 US Highway 1, Sebastian, FL 32958
Freestanding retail building with a turnkey layout and prominent US Highway 1 frontage in Sebastian, FL.
Property Size1,789 SF
Price / SF$331.47
Days on Market449
Property Features for 1400 US Highway 1
General Information
Standard status
Active
Size
1,789 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Central Air
3
8276.4
Building Details
Year Built
1973
Stories
1
Listing Agency:
(772) 778-2334
Listed By:
Lambert Commercial Real Estate
(772) 643-6193
Source:
Xome
Added: Jun 14, 2025
Changed: Sep 2
Last Checked: Sep 5 at 4:49AM
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 Lambert Commercial Real Estate
Investment Insights
Based on property information with market context.
A small freestanding commercial building offering a turnkey retail layout previously occupied by a national wireless retailer. The configuration is designed for straightforward occupancy, with a functional floor plan that may require only minimal buildout depending on the next tenant’s needs.
The property is located at 1400 US Highway 1 in Sebastian, Florida, with prime frontage along US Highway 1 and strong signage visibility intended for high brand exposure. Based on the provided walk/bike scores, the area is car-dependent, aligning with the property’s highway-oriented presence.
This offering is well suited to an owner-user or investor seeking a standalone retail asset on a heavily traveled corridor, with a layout already aligned to retail operations.
The property is located at 1400 US Highway 1 in Sebastian, Florida, with prime frontage along US Highway 1 and strong signage visibility intended for high brand exposure. Based on the provided walk/bike scores, the area is car-dependent, aligning with the property’s highway-oriented presence.
This offering is well suited to an owner-user or investor seeking a standalone retail asset on a heavily traveled corridor, with a layout already aligned to retail operations.
Key Highlights
- Freestanding retail commercial building built in 1973
- Turnkey retail layout previously occupied by a national wireless retailer with a functional floor plan
- Prominent US Highway 1 frontage in Sebastian, FL with high visibility to passing traffic
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
$20,625
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
3.48%
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%
$412,500
$412.5K
Cap Rate 7%
$294,643
$294.6K
Cap Rate 9%
$229,167
$229.2K
Market Conditions
NOI Build-Up for 1,789 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
$32.2K $18.00/SF
− Vacancy
−$2.7K −$1.53/SF
EGI
$29.5K $16.47/SF
− OpEx
−$8.8K −$4.94/SF
NOI
$20.6K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /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%
$412,500
Cap Rate 7%
$294,643
Cap Rate 9%
$229,167
Alternative Uses
Best Use
Retail
$294.6K
$257.8K – $343.8K
NOI $20,625 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$472.0K
$413.0K – $550.7K
NOI $33,039 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
610
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with a turnkey layout and prominent US Highway 1 frontage in Sebastian, FL.
Where is this retail space located?
The property is located at 1400 US Highway 1 Sebastian, FL.
What is the asking price?
The asking price for this property is $593,000.
What are key features of this property?
This property features: Freestanding retail commercial building built in 1973; Turnkey retail layout previously occupied by a national wireless retailer with a functional floor plan; Prominent US Highway 1 frontage in Sebastian, FL with high visibility to passing traffic
