Industrial Warehouse with Fenced
645 Old Dixie Highway Sebastian, FL 32958
645 Old Dixie Highway, Sebastian, FL, 32958
$680,000
For Sale
$680,000
Industrial warehouse offers dual roll-up doors, 12-foot ceilings, and a fully fenced, well-lit yard.
Property Size2,944 SF
Price / SF$230.98
Days on Market43
Property Features for 645 Old Dixie Highway
General Information
- Standard status
- Active
- Size
- 2,944 SF
- Property subtype
- Commercial
Listing agency
APEX CAPITAL REALTY LLC
(305) 570-2600
Listed by
WILLIAM MIGNUCCI · License #A11986538
Source
Corcoran
Added: Jun 9 Updated: Jul 21 at 4:26AM Checked: Jul 21 at 4:26AM
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 APEX CAPITAL REALTY LLC
Investment Insights
Based on property information with market context.
Industrial warehouse property zoned IN (Industrial) featuring dual roll-up bay doors and approximately 12-foot ceilings. Site improvements include three-phase power and an 80-gallon air compressor, supporting contractor trades, light fabrication, fleet services, and distribution-oriented operations.
The property also includes a fully fenced, well-lit yard for secure equipment and vehicle storage. A newly installed air-conditioned office with a private restroom supports day-to-day administrative needs, while ample yard space provides room for outdoor storage or staging.
With both enclosed warehouse functionality and expanded outdoor use, the facility is positioned for businesses seeking a practical industrial layout in the Sebastian/Vero Beach market.
The property also includes a fully fenced, well-lit yard for secure equipment and vehicle storage. A newly installed air-conditioned office with a private restroom supports day-to-day administrative needs, while ample yard space provides room for outdoor storage or staging.
With both enclosed warehouse functionality and expanded outdoor use, the facility is positioned for businesses seeking a practical industrial layout in the Sebastian/Vero Beach market.
Key Highlights
- Industrial warehouse zoned IN (Industrial), designed for owner‑users and investors in the Sebastian/Vero Beach market
- Dual roll‑up bay doors and 12‑foot ceilings for loading and light fabrication, fleet services, and distribution uses
- Three‑phase power and an 80‑gallon air compressor on site
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.7k | $8.40 |
| − Vacancy | −$866 | −$0.29 |
| EGI | $23.9k | $8.11 |
| − OpEx | −$3.6k | −$1.22 |
| NOI | $20.3k | $6.89 |
2,944 SF · lease $8.40/SF/yr · vacancy 3.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$289.8K
$253.6K – $338.1K
NOI $20,284 @ 7.0% cap · market cap 2.98%
Second Best
Industrial
$257.0K
$224.9K – $299.9K
NOI $17,991 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$776.7K
$679.6K – $906.2K
NOI $54,370 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
Similar Off Market Nearby
- CubeSmart Self Storage — 189 Sebastian Blvd, Sebastian, FL 32958
FAQs
What type of property is this?
Warehouse - Industrial warehouse offers dual roll-up doors, 12-foot ceilings, and a fully fenced, well-lit yard.
Where is this warehouse located?
The property is located at 645 Old Dixie Highway Sebastian, FL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Industrial warehouse zoned IN (Industrial), designed for owner‑users and investors in the Sebastian/Vero Beach market; Dual roll‑up bay doors and 12‑foot ceilings for loading and light fabrication, fleet services, and distribution uses; Three‑phase power and an 80‑gallon air compressor on site
