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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Turn key restaurants
400 Airport W Dr Sebastian, FL 32958-3926
Entity Owned
Free & Clear
Property ID
US18-5912783
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
WOOD
Total area
9,544 SF
Lot
3.97 ac (172,933 SF)
Zoning code
AI
APN
30-38-22-00001-0000-00005.0
UPID
US18-5912783
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
-
Zoo Bar Bar & Pub Restaurant
-
Skydive Sebastian Skydiving Center
-
Treasure Coast Pilot Academy High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$865k
Owner & transaction history
SKYDIVE SEBASTIAN S FLA INC
SKYDIVE SEBASTIAN S FLA INC
Zoning & alternative use
AI · Sebastian, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the AI District is to provide a management framework for implementing comprehensive plan objectives and policies for airport facilities and supportive light industrial activities and related development within lands designated IN on the future land use map. In addition, the district shall implement the policies of the City of Sebastian Airport…
Zone name
Airport And Industrial
General category
INDUSTRIAL
Zone area
188.43 ac
Source
Realmo
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$91 / 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
$13,170
Tax year 2023
Assessed value
$507,017
Assessed 2023
Previous assessed
$510,302
-0.6% YoY
Effective rate
2.60%
On assessed value
Assessed land
$147,029
Assessed improvement
$359,988
Land market value
$147,029
Improvement market value
$359,988
Total market value
$507,017
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
1
Total area
9,544 SF
Lot
3.97 ac (172,933 SF)
Zoning code
AI
APN
30-38-22-00001-0000-00005.0
UPID
US18-5912783
Jurisdiction
INDIAN RIVER
Zoning & alternative use
AI · Sebastian, FLZoning AI · permitted uses
AI · Sebastian, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the AI District is to provide a management framework for implementing comprehensive plan objectives and policies for airport facilities and supportive light industrial activities and related development within lands designated IN on the future land use map. In addition, the district shall implement the policies of the City of Sebastian Airport Master Plan.
Zone name
Airport And Industrial
General category
INDUSTRIAL
Zone area
188.43 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
3.97 ac
Current owner
From public records · entity-resolved
SKYDIVE SEBASTIAN S FLA INC
Entity
Free & Clear · 0 yrs held
Mailing address
400 AIRPORT DR W, SEBASTIAN, FL 32958-3926
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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