Freestanding Storefront Retail
1400 Us Highway 1, Sebastian, FL 32958
For Sale
New
$593,000
Pending
Commercial zoning and an existing retail floor plan support continued commercial occupancy.
Property Size1,789 SF
Days on Market6
Property Features for 1400 Us Highway 1
General Information
Standard status
Size
Zoning
Amenities
Carpet
true
1
1/4 to 1/2 Acre Lot
Public
0.19
8276.4
1789
Building Details
Building Size
Year Built
Stories
Listing Agency:
Lambert Commercial Real Estate
(321) 394-9626
Listed By:
Ira Murray
Source:
Murrayrealtyofbrevard
Added: Nov 5
Changed: Nov 7
Last Checked: Nov 9 at 8:58PM
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
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Investment Insights
Based on property information with market context.
This freestanding storefront contains 1,789 square feet and was built in 1973. The interior has carpet, and the layout was previously used by a wireless retailer. The property is zoned Commercial and occupies a 0.19-acre lot.
The building fronts US Highway 1 in Sebastian, Florida, with exposure to passing highway traffic.
The building fronts US Highway 1 in Sebastian, Florida, with exposure to passing highway traffic.
Key Highlights
- 1,789‑square‑foot freestanding storefront
- 0.19‑acre lot
- US Highway 1 frontage in Sebastian, Florida
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,188
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,760
$343.8K
Cap Rate 7%
$245,543
$245.5K
Cap Rate 9%
$190,978
$191.0K
Market Conditions
NOI Build-Up for 1,789 SF
Gross rent
$26.8K $15.00/SF
− Vacancy
−$2.3K −$1.28/SF
EGI
$24.6K $13.73/SF
− OpEx
−$7.4K −$4.12/SF
NOI
$17.2K $9.61/SF
Area
Indian River County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,760
Cap Rate 7%
$245,543
Cap Rate 9%
$190,978
Alternative Uses
Best Use
Retail
$245.5K
$214.9K – $286.5K
NOI $17,188 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$392.3K
$343.3K – $457.7K
NOI $27,463 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Paradise Florist and Gifts of Sebastian — 1116 US-1, Sebastian, FL 32958
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial zoning and an existing retail floor plan support continued commercial occupancy.
Where is this storefront property 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: 1,789‑square‑foot freestanding storefront; 0.19‑acre lot; US Highway 1 frontage in Sebastian, Florida
