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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Office buildings
2051 Barber St, Sebastian, FL 32958
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0376019
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
13,156 SF
Lot
51.18 ac (2,229,401 SF)
Zoning code
PUD-MH
APN
31-39-20-00000-7000-00007.2
UPID
US18-0376019
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
$2.31M
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$3.26M
Owner & transaction history
Park Place Community LLC · 19 yrs held
Park Place Community LLC
since 2006
4 recorded transactions
Zoning & alternative use
PUD-MH · Sebastian, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.2M
+39.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,505,000
6.5%
$2,310,000
7%
$2,145,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,975,000
Current use
INDUSTRIAL (GENERAL)
$4,165,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,855,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$2,790,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±10%
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
$248 / 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
$126,580
Tax year 2023
Assessed value
$4,790,913
Assessed 2023
Previous assessed
$4,724,530
+1.4% YoY
Effective rate
2.64%
On assessed value
Assessed land
$2,704,190
Assessed improvement
$2,086,723
Land market value
$2,704,190
Improvement market value
$2,086,723
Total market value
$4,790,913
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Total area
13,156 SF
Lot
51.18 ac (2,229,401 SF)
Zoning code
PUD-MH
APN
31-39-20-00000-7000-00007.2
UPID
US18-0376019
Jurisdiction
INDIAN RIVER
Zoning & alternative use
PUD-MH · Sebastian, FL
Zoning PUD-MH · permitted uses
PUD-MH · 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
OFFICE BUILDING Current
Est. value
$3.0M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
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
1986
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
51.18 ac
Current owner
From public records · entity-resolved
Park Place Community LLC
Entity
Free & Clear · 19 yrs held
Mailing address
27777 FRANKLIN RD STE #200, SOUTHFIELD, MI 48034-8205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2006
$13,600,000
Park Place Community LLC
Turner,james T & Joan S
Grant Deed
—
Jul 28, 2006
—
Park Place Community LLC
James T Turner
Quit Claim Deed
related
$10,000,000 · Wachovia Bank NA
Oct 1, 1999
$4,525,000
James T Turner
Park Place Mhp Ltd
Grant Deed
—
—
—
Park Place Community LLC
—
Loan Modification
related
$20,017,838 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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