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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Garden apartment buildings
1201 Indian Riv Dr, Sebastian, FL 32958-4109
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0873185
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1942
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,664 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CWR
APN
31-39-06-00000-0050-00007.0
UPID
US19-0873185
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
-
Tallulah's Swimwear Swimwear Store Beach Clothing Store
-
Greg Hills Photographer Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Davis Vacation Rentals LLC · 2 yrs held
Davis Vacation Rentals LLC
since 2023
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
CWR · Sebastian, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+227.0%
Industrial (general)
$1.8M
+126.5%
Office building
$1.3M
+61.9%
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
Method
Estimation
Statistic approach
$1,495,000
ML approach
$1,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,590,000
Change: +227% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,795,000
Change: +127% · Conversion: Difficult
OFFICE BUILDING
$1,280,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,230,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$1,200,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.63M (Sep 5 2023)
Last sale anchor
$1.63M
Sep 5 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$276 / SF
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
$7,990
Tax year 2023
Assessed value
$444,386
Assessed 2023
Previous assessed
$369,274
+20.3% YoY
Effective rate
1.80%
On assessed value
Assessed land
$79,476
Assessed improvement
$364,910
Land market value
$79,476
Improvement market value
$364,910
Total market value
$444,386
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1942
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
4
Total area
5,664 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CWR
APN
31-39-06-00000-0050-00007.0
UPID
US19-0873185
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CWR · Sebastian, FL
Zoning CWR · permitted uses
CWR · Sebastian, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sebastian. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1942
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Units
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Davis Vacation Rentals LLC
Entity
Mailing address
7200 84TH AVE, VERO BEACH, FL 32967-4004
Ownership since
2023
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
Sep 5, 2023
$1,631,700
Davis Vacation Rentals LLC
Diversified Assets INC
Warranty Deed
—
Jul 14, 2017
—
Amh Investments INC
Ips Ventures INC
Quit Claim Deed
related
—
May 30, 2007
—
Ips Ventures INC
Four D INC
Quit Claim Deed
related
—
Sep 9, 2005
$1,200,000
Four D INC
Ips Ventures INC
Warranty Deed
$8,496 · Ips Ventures INC
Jun 3, 1999
$140,000
I P S Ventures INC
Riverhouse Landings INC
Grant Deed
$135,000 · Harbor Fsb
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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