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Property profile & analytics
OFF-MARKET
Commercial kitchens
1109 Indian Riv Dr Sebastian, FL 32958-4157
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0509216
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,262 SF
Lot
1.48 ac (64,469 SF)
Zoning code
CWR
APN
31-39-06-00007-0000-00009.0
UPID
US18-0509216
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Compass Boat Club Boat Club
-
Tiki Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Oculina Bk · 10 yrs held
Oculina Bk
since 2015
5 recorded transactions
Zoning & alternative use
CWR · Sebastian, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The zoning district is intended to provide for a mixture of uses and a variety of opportunities for recreational, residential and commercial uses while protecting the environment.
Zone name
Commercial Waterfront Residential
General category
COMMERCIAL
Zone area
59.69 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sebastian submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sebastian submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,879
Tax year 2023
Assessed value
$1,184,247
Assessed 2023
Previous assessed
$1,174,334
+0.8% YoY
Effective rate
1.59%
On assessed value
Assessed land
$930,093
Assessed improvement
$254,154
Land market value
$930,093
Improvement market value
$254,154
Total market value
$1,184,247
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Rooms
8
Bathrooms
2
Total area
2,262 SF
Lot
1.48 ac (64,469 SF)
Zoning code
CWR
APN
31-39-06-00007-0000-00009.0
UPID
US18-0509216
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CWR · Sebastian, FLZoning CWR · permitted uses
CWR · Sebastian, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The zoning district is intended to provide for a mixture of uses and a variety of opportunities for recreational, residential and commercial uses while protecting the environment.
Zone name
Commercial Waterfront Residential
General category
COMMERCIAL
Zone area
59.69 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Units
1
Rooms
8
Bathrooms
2
Lot
1.48 ac
Current owner
From public records · entity-resolved
Oculina Bk
Individual
Free & Clear · 10 yrs held
Mailing address
1570 BEVAN DR, SEBASTIAN, FL 32958-6054
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2015
$315,000
Oculina Bk
Cjd Holdings Of Indian Riv INC
Grant Deed
related
—
Aug 9, 2011
$1,300,000
Cjd Holdings Of Indian Riv INC
Suzys Tiki LLC
Warranty Deed
$961,600 · Oculina Bank
Feb 9, 2010
$825,000
Suzys Tiki LLC
Potter Ents Ptshp
Warranty Deed
$600,000 · Potter Ents Ptshp
Jun 22, 2000
$555,400
Paradise Marina Enterprises
Potter Enterprises Partnership
Grant Deed
$555,273 · Seller
May 23, 2000
$250,000
Potter Enterprise Partnership
Ed Potter Enterprise INC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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