Commercial Land with 4-Bay
For Sale
$550,000
9115 US Highway 1, Sebastian, FL 32958
CG-zoned property along US-1 with an existing historic structure, private well, and potential for office or boutique conversion.
Property Size2,140 SF
Days on Market175
Property Features for 9115 US Highway 1
General Information
Standard status
Active
Size
2,140 SF
Property subtype
Industrial
Building Details
Building Size
2,140 SF
Year Built
1922
Stories
1
Listing Agency:
Dale Sorensen Real Estate Inc.
Listed By:
David M Decker · License #3411305
(772) 971-0797
Source:
Elliman
Added: Apr 24
Changed: Oct 3
Last Checked: Oct 14 at 11:52PM
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 Dale Sorensen Real Estate Inc.
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Investment Insights
Based on property information with market context.
This 1/2-acre commercial parcel carries CG zoning and includes a residence constructed in 1922. The property retains its historic character while offering a four-bay garage and private well. The existing improvements are currently configured for residential use and may support conversion to office, salon, or boutique space, subject to applicable approvals.
Fronting US Highway 1 in Sebastian, the site benefits from a high-traffic corridor and westward expansion context. BikeScore is 28 and WalkScore is 4, reflecting a car-dependent setting. The combination of commercial zoning, existing improvements, garage capacity, and frontage along US-1 creates a flexible redevelopment profile.
Fronting US Highway 1 in Sebastian, the site benefits from a high-traffic corridor and westward expansion context. BikeScore is 28 and WalkScore is 4, reflecting a car-dependent setting. The combination of commercial zoning, existing improvements, garage capacity, and frontage along US-1 creates a flexible redevelopment profile.
Key Highlights
- 1/2‑acre commercial parcel with CG zoning
- Frontage along US Highway 1 in Sebastian
- 1922 residence with historic character
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,900
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,000
$458.0K
Cap Rate 7%
$327,143
$327.1K
Cap Rate 9%
$254,444
$254.4K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$37.2K $17.40/SF
− Vacancy
−$6.7K −$3.13/SF
EGI
$30.5K $14.27/SF
− OpEx
−$7.6K −$3.57/SF
NOI
$22.9K $10.70/SF
Area
Indian River County, FL
Vacancy
18.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,000
Cap Rate 7%
$327,143
Cap Rate 9%
$254,444
Alternative Uses
Best Use
Office B
$327.1K
$286.3K – $381.7K
NOI $22,900 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$469.3K
$410.7K – $547.5K
NOI $32,852 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
143
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - CG-zoned property along US-1 with an existing historic structure, private well, and potential for office or boutique conversion.
Where is this commercial land located?
The property is located at 9115 US Highway 1 Sebastian, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1/2‑acre commercial parcel with CG zoning; Frontage along US Highway 1 in Sebastian; 1922 residence with historic character
