13832 Us Highway 1Sebastian, FL 32958

Property Details for 13832 Us Highway 1

Year built

1988

Property size (Sq ft)

980 SF

Property type

Office properties

Property subtype

Other office properties

APN

30-38-25-00017-0000-00002.0

APU

9223372036854775807

Description

This exceptional investment opportunity presents a +/- 980 square foot medical office unit situated in the desirable Zales Plaza in Sebastian, Florida. Currently leased to Pelican Pediatrics since 2009, the property generates a consistent monthly income of $2,397.33 plus Florida sales tax, with a 3% annual rent escalator built into the lease. The lease agreement extends until August 7, 2028, providing long-term stability for the investor. The interior features a reception/waiting area, four plumbed exam rooms, a private office, a lab, and two restrooms. The flooring is a mix of carpet and tile, and the ceilings are drop ceilings. The building was constructed in 1988 and is located at 13832 US Highway 1, Sebastian, FL 32958. Its prime location directly across from Sebastian River Medical Center ensures high visibility and accessibility. The convenient US-1 frontage offers easy access to Brevard County, the Wabasso Causeway, and Vero Beach. The asking price for this income-generating property is $300,000. This presents a strong return on investment with a stable tenant and a desirable location. The property is a single unit within a larger plaza. The lot size is not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $269,343

  6.5%

  $248,625

  7%

  $230,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $153,889

  Geo Method

  $153,889

• Alternative Use

  Use

  Valuation

  Residential

  $308,295

  Hospitality

  $282,396

  Educational

  $234,950

  Medical

  $243,031

  Retail

  $365,478

Location Insight

City

Sebastian

County

Indian River

State

Florida

Latitude

27.8456

Longitude

-80.4878

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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