Property profile

989 Sebastian Blvd Sebastian, FL 32958

FOR SALE
Office buildings
Property ID
US19-0614961
5,062 SF 0.61 ac lot Built 2001
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,062 SF
Lot 0.61 ac (26,572 SF)
Zoning code C-512
APN 31-38-13-00002-1850-00001.0
UPID US19-0614961

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Physician
  • Physician
  • Physician

Location

989 Sebastian Blvd Sebastian, FL 32958
Sebastian metro Census 50809 SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$890k
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$320k

Owner & transaction history

since 2022
Last sale
$1.0M
5 recorded transactions
2022
Price N/A
2007
$1.0M
2004
$1.4M
2000
$15,000
1999
$12,500

Zoning & alternative use

C-512 · Sebastian, FL
Zoning description

The C-512 District is established to implement comprehensive plan policies for managing land designated for commercial development along segments of C.R. 512.

General category COMMERCIAL
Top alternative use upside
Industrial (general) $1.6M +39.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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