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Property profile & analytics
FOR SALE
Office Spaces

13832 Us Highway 1 Sebastian, FL 32958

980 SF Built 1988
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US18-0090752
Property summary
AI-generated overview

This exceptional investment opportunity presents a +/- 980 square foot medical office unit situated in the desirable Zales Plaza in Sebastian, Florida. Currently leased to Pelican Pediatrics since 2009, the property generates a consistent monthly income of $2,397.33 plus Florida sales tax, with a 3% annual rent escalator built into the lease. The lease agreement extends until August 7, 2028, providing long-term stability for the investor. The interior features a reception/waiting area, four plumbed exam rooms, a private office, a lab, and two restrooms. The flooring is a mix of carpet and tile, and the ceilings are drop ceilings. The building was constructed in 1988 and is located at 13832 US Highway 1, Sebastian, FL 32958. Its prime location directly across from Sebastian River Medical Center ensures high visibility and accessibility. The convenient US-1 frontage offers easy access to Brevard County, the Wabasso Causeway, and Vero Beach. The asking price for this income-generating property is $300,000. This presents a strong return on investment with a stable tenant and a desirable location. The property is a single unit within a larger plaza. The lot size is not specified.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1988
Total area 980 SF
APN 30-38-25-00017-0000-00002.0
UPID US18-0090752
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Pelican Nest LLC · 17 yrs held
Pelican Nest LLC
since 2009
3 recorded transactions
2009
$210,000
2007
$200,000
2004
$130,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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