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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Medical Office Space
1424 Us Hwy 1st 1, Sebastian, FL 32958-1619
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4427660
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,600 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CWR
APN
31-39-06-00003-0000-00004.0
UPID
US18-4427660
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
$1.98M
CAP Approach
CAP
$2.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
1501 Broadway LLC · 3 yrs held
1501 Broadway LLC
since 2022
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
CWR · Sebastian, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,955,000
ML approach
$1,980,000
CAP Approach
CAP Return
Estimation
6%
$2,165,000
6.5%
$2,000,000
7%
$1,855,000
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±10% · vs last sale $1.78M (Dec 30 2022)
Last sale anchor
$1.78M
Dec 30 2022
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
$197 / 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
$27,078
Tax year 2023
Assessed value
$1,513,036
Assessed 2023
Previous assessed
$1,516,467
-0.2% YoY
Effective rate
1.79%
On assessed value
Assessed land
$580,567
Assessed improvement
$932,469
Land market value
$580,567
Improvement market value
$932,469
Total market value
$1,513,036
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
3
Total area
9,600 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CWR
APN
31-39-06-00003-0000-00004.0
UPID
US18-4427660
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.
Building & site characteristics
From public records
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
3
Lot
1.37 ac
Current owner
From public records · entity-resolved
1501 Broadway LLC
Entity
Mailing address
2619 HONEY RD, NORTH PALM BEACH, FL 33403-1409
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$1,775,000
1501 Broadway LLC
1424 Old Us Hwy 1 LLC
Warranty Deed
—
Sep 26, 2019
$100
1424 Old Us Hwy 1 LLC
Next Generation Capital LLC
Quit Claim Deed
related
—
Sep 12, 2019
$1,775,000
Next Generation Capital LLC
Spoto 1997 Family Trust
Warranty Deed
—
—
—
James P Spoto
—
Deed Of Trust
related
$500,000 · Suntrust Bank South Florida
—
—
1997 Spoto Family Trust
—
Deed Of Trust
related
$360,000 · Seacoast National Bank
—
—
James P Spoto
—
Deed Of Trust
related
$368,000 · Palm Bank
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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