Property profile

995 Sebastian Blvd Sebastian, FL 32958

OFF-MARKET
Grocery and convenience stores
Property ID
US19-0824517
52,882 SF 7.97 ac lot Built 1997
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7.9-acre retail property, located at 995 N Sebastian Blvd in Sebastian, Florida, presents a compelling investment opportunity. The center boasts a substantial 54,387 square feet of leasable space, currently enjoying 100% occupancy. Key tenants include a Winn-Dixie grocery store and pharmacy, a separate Winn-Dixie liquor store, and a Little Caesar's Pizzeria. All current leases have been renewed, providing immediate and consistent cash flow. Furthermore, the property includes an approved outparcel with preliminary city approval for the construction of a building up to 10,000 square feet, offering significant potential for expansion and increased revenue streams. The center is strategically situated within a densely populated residential area in Sebastian, making it an integral part of the community. The recent acquisition of Winn-Dixie by Aldi and their planned renovations further enhance the long-term value and appeal of this property. This is a rare opportunity to acquire a well-established, high-performing retail center with significant growth potential in a thriving Florida market. The property's substantial size, strong tenant mix, and prime location combine to create a truly exceptional investment prospect. Detailed financial information is available upon request.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 52,882 SF
Lot 7.97 ac (347,173 SF)
Zoning code PUD-R
APN 31-38-14-00006-0000-00001.0
UPID US19-0824517

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
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Atm
  • Pharmacy
  • Pharmacy
  • Atm

Location

995 Sebastian Blvd Sebastian, FL 32958-4889
Sebastian metro Census 50809 SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.82M
Comparable Approach Comparable
$10.34M
Blend (final) Blend
$7.84M

Owner & transaction history

since 2016
4 recorded transactions
2016
$6.3M
2007
$5.7M
2006
$4.9M
2000
$4.0M

Zoning & alternative use

PUD-R · Sebastian, FL
Zoning description

Commercial) -- Requested Zoning is PUD-R (Planned Unit Development -- Residential), with RM-10 (Multiple Family Residential District) as the underlying district Ms. Kautenburg called on the applicants to make their prese…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Office building $12.0M +6.7%
Auto repair, garage $11.5M +2.4%

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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