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    Property profile & analytics

    181 Sebastian Blvd Sebastian, FL 32958

    • Office buildings
    • 7,520 SF
    • 1.29 lot acres
    For Sale
    View listing
    $2,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0314558
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Arnold Air Conditioning, Inc. / Hardware & Home Improvement / HVAC Service

    Property Details for 181 Sebastian Blvd

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.29 lot acres
    Property size
    7,520 SF
    Zone code
    IN
    Property type
    Office buildings
    APN
    31-39-07-00000-3000-00003.4
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,430,000
      6.5%
      $1,320,000
      7%
      $1,225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,109,000
      Market price range: $729k - $3.31M
      AI Estimate
      $2,012,000
      Market price range: $752k - $2.49M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,700,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,380,000
      Change: +40% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,630,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $1,595,000
      Change: -6% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Indian River
    State
    Florida
    Longitude
    -80.47
    Latitude
    27.8066
    CBSA code
    42680
    CBSA name
    SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,684
    $143,292
    $713,285
    $856,577
    -
    $143,292
    $713,285
    $856,577

    Comparable in this City

    • Value Estimation by Request
      976 SF

      10425 Us Hwy 1st 1

      OFFICE BUILDING • 976 SF
      10425 Us Hwy 1st 1, Sebastian, FL 32958-5846
      View Details
    • Value Estimation
      $3,125,000
      12,466 SF

      10305 Us Hwy 1st 1

      OFFICE BUILDING • 12,466 SF
      10305 Us Hwy 1st 1, Sebastian, FL 32958-5838
      View Details
    • Value Estimation
      $3,360,000
      17,296 SF

      1511 Us Hwy 1st 1

      OFFICE BUILDING • 17,296 SF
      1511 Us Hwy 1st 1, Sebastian, FL 32958-1642
      View Details
    • Value Estimation by Request
      864 SF

      14499 Us Hwy 1st 1

      OFFICE BUILDING • 864 SF
      14499 Us Hwy 1st 1, Sebastian, FL 32958-3238
      View Details
    • Value Estimation
      $1,030,000
      4,800 SF

      633 Sebastian Blvd

      OFFICE BUILDING • 4,800 SF
      633 Sebastian Blvd, Sebastian, FL 32958-4386
      View Details
    • Value Estimation by Request
      1,669 SF

      701 Us Hwy 1st 1

      OFFICE BUILDING • 1,669 SF
      701 Us Hwy 1st 1, Sebastian, FL 32958-4196
      View Details

    Similar Nearby for Sale

    • $1,050,000
      Pending

      Fully Occupied Office Building

      Office building with three suites and excellent rental history.
      989 Sebastian Blvd, Sebastian, FL 32958
      View Details
    • $2,000,000

      Office/Warehouse Facility For Sale

      Single-tenant office/warehouse facility with functional office and operational warehouse space.
      181 Sebastian Blvd, Sebastian, FL 32958
      View Details
    • $1,050,000
      5,062 SF

      Sebastian Office Building - Great ROI

      Fully occupied, high-income potential office building.
      989 Sebastian Blvd, Sebastian, FL 32958
      View Details
    • $650,000
      2,496 SF

      Versatile Warehouse and Flex Space

      Corner commercial property with warehouse, flex space, and ample parking.
      6820 Woodmere Rd, Sebastian, FL 32958
      View Details
    • $730,000
      2,676 SF

      Sebastian Medical Office Investment Opportunity

      Fully leased medical office building near Sebastian River Medical Center.
      14445 Us Highway 1, Sebastian, FL 32958
      View Details
    • $699,000
      2,676 SF

      Prime Sebastian Commercial Space

      2676 SF, Vacant, Recently Renovated
      14445 Us Highway 1, Sebastian, FL 32958
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr

      Retail/Medical Space with Drive-Thru

      Retail or medical space with drive-thru in developing area.
      8680 Us Highway 1, Sebastian, FL 32958
      View Details
    • $19 SF/Yr
      17,296 SF

      KH Plaza Office Suites for Lease

      Riverfront Office Space, Two Units Available
      1511 Us Highway 1, Sebastian, FL 32958
      View Details
    • $38 SF/Yr

      Data Center Ready for Lease

      Build-to-suit data center with redundancy and flexible lease terms.
      1120 Louisiana Ave, Sebastian, FL 32958
      View Details
    • Contact for pricing

      Retail/Medical Space with Drive-Thru

      Retail or medical space with drive-thru in developing area.
      8680 Us 1 Hwy, Sebastian, FL 32958
      View Details
    • $30 SF/Yr

      Retail/Medical Space in Developing Area

      Space suitable for veterinary, medical, or retail use.
      8680 Us Highway 1, Sebastian, FL 32958
      View Details
    • $12 SF/Yr

      Small-Bay Warehouses For Contractor Trades

      Small-bay warehouses ideal for contractors with easy highway access.
      300 Industrial Park Blvd, Sebastian, FL 32958
      View Details
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    181 Sebastian Blvd
    Sebastian, FL 32958
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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