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    Property profile & analytics

    989 Sebastian Blvd Sebastian, FL 32958

    • Office buildings
    • 5,062 SF
    • 0.61 lot acres
    For Sale
    View listing
    $1,050,000
    Last Sale
    Apr 01, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0614961
    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

    • American Security Council Foundation / Non-Profit Organization
    • Center for Pain Treatment: Ronald Stern, MD / Pain Control Clinic / Medical Clinic
    • Sharon Taranto / Nurse Practitioner
    • Anthony Romano / Nurse Practitioner

    Property Details for 989 Sebastian Blvd

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.61 lot acres
    Property size
    5,062 SF
    Zone code
    C-512
    Property type
    Office buildings
    APN
    31-38-13-00002-1850-00001.0
    APU
    9223372036854775807

    Description

    This exceptional 5,062 square foot office building presents a rare investment opportunity in Sebastian, Florida. Strategically located on Sebastian Boulevard, a major east-west artery, this property enjoys excellent visibility and convenient access to both I-95 and US Highway 1, ensuring high traffic flow and accessibility for tenants and clients. The building comprises three separate office/medical suites, each designed for optimal functionality. Two suites measure 1,250 square feet each, while the third offers a more substantial 2,500 square feet. Currently, all three suites are fully occupied by long-term tenants, providing a stable and predictable income stream with a proven rental history. Once a lease expires, the space becomes available for the buyer's own use or for continued leasing to generate rental income. The 0.61-acre lot provides ample space and parking. This turnkey operation offers a compelling investment opportunity with the added benefit of potential owner financing. Note that all square footages are approximate and subject to verification. A Non-Disclosure Agreement is required for access to detailed financial information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $965,000
      6.5%
      $890,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,271,000
      Market price range: $491k - $2.23M
      AI Estimate
      $1,212,000
      Market price range: $507k - $1.68M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,145,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,600,000
      Change: +40% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,100,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $1,075,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Indian River
    State
    Florida
    Longitude
    -80.4942
    Latitude
    27.7819
    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
    $9,562
    $124,220
    $392,028
    $516,248
    -
    $124,220
    $392,028
    $516,248

    Comparable in this City

    • Value Estimation by Request
      1,360 SF

      841 Sebastian Blvd

      OFFICE BUILDING • 1,360 SF
      841 Sebastian Blvd, Sebastian, FL 32958-4389
      View Details
    • Value Estimation by Request
      1,402 SF

      1564 Us Hwy 1st 1

      OFFICE BUILDING • 1,402 SF
      1564 Us Hwy 1st 1, Sebastian, FL 32958-3831
      View Details
    • Value Estimation by Request
      880 SF

      1068 Main St

      OFFICE BUILDING • 880 SF
      1068 Main St, Sebastian, FL 32958-8626
      View Details
    • Value Estimation
      $14,230,000
      141,033 SF

      701 Commerce Ctr Dr

      OFFICE BUILDING • 141,033 SF
      701 Commerce Ctr Dr, Sebastian, FL 32958
      View Details
    • Value Estimation
      $1,300,000
      6,000 SF

      1069 Main St

      OFFICE BUILDING • 6,000 SF
      1069 Main St, Sebastian, FL 32958-4043
      View Details
    • Value Estimation
      $510,000
      2,047 SF

      300 Sebastian Blvd

      OFFICE BUILDING • 2,047 SF
      300 Sebastian Blvd, Sebastian, FL 32958-4579
      View Details

    Similar Nearby for Sale

    • $1,100,000
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      Sebastian, FL Retail/Office Plaza

      Retail and office plaza in Sebastian, Florida, near Vero Beach.
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      Prime Sebastian Commercial Space

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    • $1,050,000
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      Sebastian Office Building - Great ROI

      Fully occupied, high-income potential office building.
      989 Sebastian Blvd, Sebastian, FL 32958
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      Sebastian Medical Office Investment Opportunity

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    • $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

    • $30 SF/Yr

      Retail/Medical Space with Drive-Thru

      Retail or medical space with drive-thru in developing area.
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    • $30 SF/Yr

      Retail/Medical Space with Drive-Thru

      Retail or medical space with drive-thru in developing area.
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      View Details
    • $24 SF/Yr

      Turn-Key Dental Suite Available

      Dental suite with six stations, equipment available for purchase.
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      View Details
    • $19 SF/Yr
      17,296 SF

      KH Plaza Office Suites for Lease

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    • $38 SF/Yr

      Data Center Ready for Lease

      Build-to-suit data center with redundancy and flexible lease terms.
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    • Contact for pricing
      14,125 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru, high traffic, redevelopment potential.
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      View Details
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    989 Sebastian Blvd
    Sebastian, FL 32958
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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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