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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Self service car washes
509 Us Hwy 1st 1 Sebastian, FL 32958-4723
Individually Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4853871
Property profile
Verified
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,360 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CR
APN
31-39-06-00020-0080-00001.0
UPID
US18-4853871
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
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$701k
Blend (final)
Blend
$765k
Owner & transaction history
Nicholas A Mcgrath · 23 yrs held
Nicholas A Mcgrath
since 2003
Last sale
$800,000
1 recorded transaction
Zoning & alternative use
CR · Sebastian, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The zoning district is intended to provide for a mixture of uses and a variety of opportunities for recreational and commercial uses while protecting the environment.
Zone name
Commercial Riverfront
General category
COMMERCIAL
Zone area
137.20 ac
Source
Realmo
Top alternative use upside
Office building
$535,000
+4.3%
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
$715,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$510,000
Current use
OFFICE BUILDING
$535,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$500,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $800k (Feb 7 2025)
Last sale anchor
$800k
Feb 7 2025
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
$324 / 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
$5,543
Tax year 2023
Assessed value
$259,339
Assessed 2023
Previous assessed
$259,069
+0.1% YoY
Effective rate
2.14%
On assessed value
Assessed land
$109,645
Assessed improvement
$149,694
Land market value
$109,645
Improvement market value
$149,694
Total market value
$259,339
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
Self service car washes
Use group
CAR WASH - SELF-SERVE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
5
Total area
2,360 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CR
APN
31-39-06-00020-0080-00001.0
UPID
US18-4853871
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CR · Sebastian, FLZoning CR · permitted uses
CR · Sebastian, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The zoning district is intended to provide for a mixture of uses and a variety of opportunities for recreational and commercial uses while protecting the environment.
Zone name
Commercial Riverfront
General category
COMMERCIAL
Zone area
137.20 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$510,000
OFFICE BUILDING
Est. value
$535,000
RETAIL STORES
Est. value
$500,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
5
Lot
0.49 ac
Current owner
From public records · entity-resolved
Nicholas A Mcgrath
Individual
Free & Clear · 23 yrs held
Mailing address
564 BALBOA ST, SEBASTIAN, FL 32958-4502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2003
$3,900
Nicholas A Mcgrath
Adamson,ronald & Kathleen
Grant Deed
—
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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