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Property profile & analytics
OFF-MARKET
Estimated value
$14,230,000
Office buildings
701 Commerce Ctr Dr Sebastian, FL 32958
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-4800879
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
141,033 SF
Lot
10.23 ac (445,619 SF)
Zoning code
CG
APN
31-38-12-00005-0001-00000.0
UPID
US18-4800879
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
by Request
Comparable Approach
Comparable
$16.10M
Blend (final)
Blend
$14.23M
Owner & transaction history
Hartwell Groves Florida LLC · 9 yrs held
Hartwell Groves Florida LLC
since 2016
5 recorded transactions
Zoning & alternative use
CG · Sebastian, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$14.23M
Range $12.81M – $15.65M · ±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
$101 / 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
$134,076
Tax year 2023
Assessed value
$6,536,124
Assessed 2023
Previous assessed
$6,554,793
-0.3% YoY
Effective rate
2.05%
On assessed value
Assessed land
$757,551
Assessed improvement
$5,778,573
Land market value
$757,551
Improvement market value
$5,778,573
Total market value
$6,536,124
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
9
Stories
1
Units
6
Total area
141,033 SF
Lot
10.23 ac (445,619 SF)
Zoning code
CG
APN
31-38-12-00005-0001-00000.0
UPID
US18-4800879
Jurisdiction
INDIAN RIVER
Zoning & alternative use
CG · Sebastian, FL
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
9
Units
6
Lot
10.23 ac
Current owner
From public records · entity-resolved
Hartwell Groves Florida LLC
Entity
Free & Clear · 9 yrs held
Mailing address
800 20TH PL STE #5, VERO BEACH, FL 32960-5391
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2016
—
Hartwell Groves Florida LLC
Hartwell Groves INC
Quit Claim Deed
—
Dec 31, 2009
$5,500,000
Hartwell Groves INC
512 Commerce Center LLC
Warranty Deed
—
Feb 6, 2001
$250,300
512 Commerce Center LLC
Strnad,neil J
Trustees Deed
$370,000 · Individual
Feb 6, 2001
$52,000
512 Commerce Center LLC
Mcnitt,eric T
Trustees Deed
—
Feb 6, 2001
$77,000
512 Commerce Center LLC
Johnson,sharon
Trustees 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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