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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6965 Harrison St Sebastian, FL 32958-4657

    • Auto shops
    • 4,500 SF
    • 0.73 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2021
    $650,000
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3429364
    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

    • DIESEL POWER PRO & AUTO REPAIR INC / Auto Repair Shop
    • Diesel Power Pro & Auto Repair / Auto Repair Shop

    Property Details for 6965 Harrison St

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    0.73 lot acres
    Property size
    4,500 SF
    Zone code
    CH
    Property type
    Auto shops
    APN
    31-39-06-00015-0020-00004.0
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $725,000
      ML approach
      $775,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $723,000
      Market price range: $487k - $1.37M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $975,000
      Current use
      OFFICE BUILDING
      $1,020,000
      Change: +4% Conversion: Difficult
      RETAIL STORES
      $955,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Indian River
    State
    Florida
    Longitude
    -80.4693
    Latitude
    27.8061
    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
    $5,472
    $81,087
    $186,420
    $267,507
    -
    $81,087
    $186,420
    $267,507

    Comparable in this City

    • Value Estimation
      $1,350,000
      4,800 SF

      10435 Us Hwy 1st 1

      AUTO REPAIR, GARAGE • 4,800 SF
      10435 Us Hwy 1st 1, Sebastian, FL 32958-5846
      View Details
    • Value Estimation by Request
      2,615 SF

      11225 Old Dixie Hwy

      AUTO REPAIR, GARAGE • 2,615 SF
      11225 Old Dixie Hwy, Sebastian, FL 32958-4636
      View Details
    • Value Estimation
      $960,000
      6,005 SF

      1677 Us Hwy 1st 1

      AUTO REPAIR, GARAGE • 6,005 SF
      1677 Us Hwy 1st 1, Sebastian, FL 32958-3874
      View Details
    • Value Estimation by Request
      2,100 SF

      5398 87th St

      AUTO REPAIR, GARAGE • 2,100 SF
      5398 87th St, Sebastian, FL 32958-7526
      View Details
    • Value Estimation
      $500,000
      1,600 SF

      6895 Woodmere Rd

      AUTO REPAIR, GARAGE • 1,600 SF
      6895 Woodmere Rd, Sebastian, FL 32958-4612
      View Details
    • Value Estimation by Request
      4,800 SF

      1647 Us Hwy 1st 1

      AUTO REPAIR, GARAGE • 4,800 SF
      1647 Us Hwy 1st 1, Sebastian, FL 32958-3874
      View Details

    Similar Nearby for Sale

    • $3,223,440
      4.00 Acres

      Sebastian Commercial Land - 4 Acres

      Prime US-1 location, high-traffic retail outparcels.
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      High-Visibility Sebastian Retail Space

      Prime Retail Space, High Traffic Location. Excellent Investment Opportunity.
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    • $890,000
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      Prime Sebastian Commercial Land

      4.02 acres, ready to build, high traffic.
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    • Contact for pricing

      Sebastian Retail Business for Sale

      Established Salon & Boutique, High Growth Potential
      735 Commerce Center Dr, Sebastian, FL 32958
      View Details
    • $1,100,000
      4,534 SF

      Sebastian, FL Retail/Office Plaza

      Retail and office plaza in Sebastian, Florida, near Vero Beach.
      1614 Us Highway 1, Sebastian, FL 32958
      View Details
    • $1,089,000
      1.00 Acre

      Prime Sebastian Commercial Land

      1-Acre Outparcels, High Traffic
      9757 Us Highway 1, Sebastian, FL 32958
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,125 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru, high traffic, redevelopment potential.
      13550 Us Highway 1, Sebastian, FL 32958
      View Details
    • $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
    • $30 SF/Yr

      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
    • $1,300 /Mo

      Retail Space in Sebastian Plaza

      Retail space available in a small plaza with ample parking.
      645 Sebastian Blvd, Sebastian, FL 32958
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a dominant community shopping center.
      1451 Sebastian Blvd, Sebastian, FL 32958
      View Details
    • Contact for pricing
      63,195 SF

      Roseland Plaza Restaurant Space

      High-visibility Sebastian restaurant space available.
      7850 Roseland Rd, Sebastian, FL 32958
      View Details
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    Sebastian, FL 32958-4657
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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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