989 Sebastian BlvdSebastian, FL 32958

Property Details for 989 Sebastian Blvd

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.61 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,391,241

  6.5%

  $1,284,222

  7%

  $1,192,492

• Comparable approach

  Method

  Valuation

  Relative Method

  $794,886

  Geo Method

  $794,886

• Alternative Use

  Use

  Valuation

  Residential

  $1,592,436

  Hospitality

  $1,458,663

  Educational

  $1,213,590

  Medical

  $1,255,328

  Retail

  $1,887,807

Location Insight

City

Sebastian

County

Indian River

State

Florida

Latitude

27.7819

Longitude

-80.4942

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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