Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Turn key restaurants
806 Indian Riv Dr Sebastian, FL 32958-4162
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-0509215
Property summary
AI-generated overview
This exceptional waterfront property in Sebastian, Florida presents a once-in-a-lifetime investment opportunity. Currently operating as a thriving restaurant and marina business, this 7,429 square foot establishment sits on a 0.6-acre lot boasting breathtaking views of the Indian River. The restaurant features seating for 200 guests, comfortably arranged across 25 tables and 13 booths, providing ample space for a diverse clientele. A recently constructed marina, strategically positioned and equipped with modern utilities, caters to the needs of boat owners, offering a seamless and convenient experience. The property's prime location offers significant advantages
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,575 SF
Lot
0.6 ac (26,136 SF)
Zoning code
CR
APN
31-39-06-00000-0070-00005.0
UPID
US18-0509215
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
-
Capt Christy Lenz Casual Cruisin Travel Agency Tour Operator
-
Surf Rider Charters Fishing Charter Boat Rental Service
-
Shore Restaurant of Sebastian Restaurant
-
Mulligan's Marina Marina
-
AA Fishing Charter - Aquaholics Aknotymous Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$805k
Blend (final)
Blend
$580k
Owner & transaction history
Mulligans Marina LLC · 15 yrs held
Mulligans Marina LLC
since 2011
6 recorded transactions
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
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
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$88 / 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
$24,343
Tax year 2023
Assessed value
$1,262,357
Assessed 2023
Previous assessed
$1,256,864
+0.4% YoY
Effective rate
1.93%
On assessed value
Assessed land
$446,335
Assessed improvement
$816,022
Land market value
$446,335
Improvement market value
$816,022
Total market value
$1,262,357
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
6,575 SF
Lot
0.6 ac (26,136 SF)
Zoning code
CR
APN
31-39-06-00000-0070-00005.0
UPID
US18-0509215
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
Building & site characteristics
From public records
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Mulligans Marina LLC
Entity
Mailing address
1609 SW COLLEGE ST, STUART, FL 34997-7053
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2011
$2,000,000
Mulligans Marina LLC
Oculina Bk
Warranty Deed
$1,231,249 · Oculina Bank
Dec 3, 2003
—
Damien Gilliams
Fey,harold
Quit Claim Deed
related
—
Dec 3, 2003
$800,000
Damien Gilliams
Channel 68 Marina INC
Grant Deed
$550,000 · Southern Investors INC
—
—
Damien Gilliams
—
Deed Of Trust
related
$1,700,000 · Oculina Bank
—
—
Mulligans Marina LLC
—
Deed Of Trust
related
$100,000 · Oculina Bank
—
—
Mulligans Marina LLC
—
Deed Of Trust
related
$1,231,249 · Oculina Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 806 Indian Riv Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
