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Property profile & analytics
FOR SALE
Retail space

9360 90Th Ave Sebastian, FL 32958

12,600 SF 1.94 ac lot Built 2007
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-4961077
Property summary
AI-generated overview

This exceptional 1.41-acre commercial land parcel presents a remarkable investment opportunity in Sebastian, Florida. Located at 9360 90th Ave, this property is zoned CL and boasts a strategic position within a thriving retail growth area. Its high visibility is enhanced by its frontage on 90th Avenue, a principal artery serving as a local bypass road, and the proximity to the GoLine IRT bus route. The site benefits from its close proximity to three schools: Sebastian River High School (1,838 students), Sebastian River Middle School, and Treasure Coast Elementary, all within one mile. Furthermore, this outparcel is situated immediately south of the Publix-anchored Shoppes of Sebastian plaza, at the intersection of SR 510 and SR 512 – a major thoroughfare connecting US 1 to I-95. The property's backdrop is the Stoney Point Villages Retail Strip Center, with Space Coast Credit Union located on the adjacent outparcel. The asking price is $800,000, translating to approximately $567,376 per acre. The APN is 31382300000500000005.7. This property offers significant potential for various commercial ventures.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,600 SF
Lot 1.94 ac (84,506 SF)
Zoning code CL
APN 31-38-23-00000-5000-00005.1
UPID US18-4961077
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
  • Papa John's Pizza Restaurant
  • Anytime Fitness Gym & Fitness Center
  • Mawk Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Stoney Point Village Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.86M
Comparable Approach Comparable
$1.81M
Blend (final) Blend
$1.88M
Owner & transaction history
Kc Sebastian LLC · 7 yrs held
Kc Sebastian LLC
since 2018
4 recorded transactions
2021
Price N/A
2018
$2.8M
2014
$100,000
2006
$937,300
Zoning & alternative use
CL · Sebastian, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The CL District is established to implement comprehensive plan policies for managing land designated for limited commercial development. Areas designated for limited commercial development shall not accommodate large scale retail sales and trade activities generally serving regional markets.

Zone name Limited Commercial
General category COMMERCIAL
Zone area 21.89 ac
Source Realmo
Top alternative use upside
Office building $2.9M +6.7%
Auto repair, garage $2.7M +2.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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