Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8650 Us Hwy 1st 1 Sebastian, FL 32958-7565

    • Grocery and convenience stores
    • 3,640 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9339890
    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

    • Grocery and convenience stores

    Property Details for 8650 Us Hwy 1st 1

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.71 lot acres
    Property size
    3,640 SF
    Zone code
    CL
    Property type
    Grocery and convenience stores
    APN
    31-39-28-00006-0001-00001.0
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $552,000
      Market price range: $318k - $591k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $920,000
      OFFICE BUILDING
      $785,000
      RETAIL STORES
      $400,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Indian River
    State
    Florida
    Longitude
    -80.4359
    Latitude
    27.7511
    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
    $15,770
    $316,570
    $606,263
    $922,833
    -
    $316,570
    $606,263
    $922,833

    Comparable in this City

    • Value Estimation
      $8,375,000
      55,100 SF

      1451 Sebastian Blvd

      GROCERY, SUPERMARKET • 55,100 SF
      1451 Sebastian Blvd, Sebastian, FL 32958-5166
      View Details
    • Value Estimation by Request
      4,962 SF

      957 Sebastian Blvd Ste A

      CONVENIENCE STORE • 4,962 SF
      957 Sebastian Blvd Ste A, Sebastian, FL 32958-4874
      View Details
    • Value Estimation by Request
      3,611 SF

      700 Us Hwy 1st 1

      CONVENIENCE STORE • 3,611 SF
      700 Us Hwy 1st 1, Sebastian, FL 32958-4139
      View Details
    • Value Estimation
      $6,725,000
      54,462 SF

      9609 Us Hwy 1st 1

      GROCERY, SUPERMARKET • 54,462 SF
      9609 Us Hwy 1st 1, Sebastian, FL 32958-6363
      View Details
    • Value Estimation
      $3,835,000
      3,320 SF

      9020 County Rd 512

      CONVENIENCE STORE • 3,320 SF
      9020 County Rd 512, Sebastian, FL 32958-6457
      View Details
    • Value Estimation
      $7,835,000
      52,882 SF

      995 Sebastian Blvd

      GROCERY, SUPERMARKET • 52,882 SF
      995 Sebastian Blvd, Sebastian, FL 32958-4889
      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.
      9825 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
    • $650,000

      Retail Property Near Indian River

      Retail property steps from the Indian River and boat ramp.
      717 Coolidge St, Sebastian, FL 32958
      View Details
    • $360,000
      0.43 Acres

      US1 Frontage in Sebastian

      Commercial property with two buildings and ample parking.
      1545 Us Highway 1, Sebastian, FL 32958
      View Details
    • $499,000
      1,260 SF

      High-Visibility Sebastian Retail Space

      Prime Retail Space, High Traffic Location. Excellent Investment Opportunity.
      10625 Us Highway 1, Sebastian, FL 32958
      View Details
    • $890,000
      4.02 Acres

      Prime Sebastian Commercial Land

      4.02 acres, ready to build, high traffic.
      203 Sebastian Blvd, 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
    • Contact for pricing
      63,195 SF

      Roseland Plaza Restaurant Space

      High-visibility Sebastian restaurant space available.
      7850 Roseland Rd, 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
    • $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
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8650 Us Hwy 1st 1
    Sebastian, FL 32958-7565
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.