Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    462 Joy Haven Dr Sebastian, FL 32958

    Sponsored
    For Sale
    Under Contract
    $89,900

    LAND - Sebastian, FL

    Property size:
    10,000 SF
    Lot size:
    0.23 Acres
    Days on Market:
    68
    Last Refresh:
    Jan 25 at 11:06 pm

    Property Features for 462 Joy Haven Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Vegetation
    Wooded
    Zoning
    ,
    APN
    31382500001371000006.0
    Size
    10,000 SF
    Lot size
    0.23 Acres

    Utilities

    Water source
    Public, Well Needed

    We can help!

    Listing Contact
    Shane Reynolds

    Keller Williams Realty of Vero Beach (772) 257-8000

    Listing agent Shane Reynolds (772) 257-8000 License #3233632

    Listing date Nov 19, 2025

    MLS# 292178 Listing URL

    Copyright © 2025 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Vacant Lot in Sebastian Highlands

    This 10,000 sq ft vacant lot is located in Sebastian Highlands. The property has no HOA and no restrictions, allowing for flexible design options for unique home plans and outdoor living spaces. It offers the potential for a modern residence or weekend getaway. Utilities are nearby. The property is located in Sebastian, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Auto Repair Shop Pharmacy Skin Care Clinic Accounting Firm Daycare Center Kitchen & Bath Department Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Brevard
    State
    Florida
    Longitude
    -80.483044
    Latitude
    27.759039

    Nearby Similar for Sale

    • $2,995,000
      1.61 Acres

      Riverfront Cottages with Development Potential

      Riverfront cottages on 1.61 acres with redevelopment potential.
      11450 S Indian River Dr, Sebastian, FL 32958
      View Details
    • New
      $399,000
      0.23 Acres

      Sebastian Duplex with Workshop

      Duplex in Sebastian, Florida, with two units, pool, workshop.
      362 Del Monte Rd, Sebastian, FL 32958
      View Details
    • $1,100,000
      4,534 SF

      Sebastian, FL Retail/Office Plaza

      Retail and office plaza in Sebastian, Florida, near Vero Beach.
      1614 Us Highway 1, Sebastian, FL 32958
      View Details
    • $360,000
      0.43 Acres

      US1 Frontage in Sebastian

      Commercial property with two buildings and ample parking.
      1545 Us Highway 1, Sebastian, FL 32958
      View Details
    • $730,000
      2,676 SF

      Sebastian Medical Office Investment Opportunity

      Fully leased medical office building near Sebastian River Medical Center.
      14445 Us Highway 1, Sebastian, FL 32958
      View Details
    • $1,995,000

      Waterfront Fourplex with Dock

      Income-producing fourplex with dock on 0.80 acres.
      925 Indian River Dr, Sebastian, FL 32958
      View Details
    • $795,000

      Standalone Medical Building with US1 Frontage

      Turn-key medical office building with modern updates and equipment.
      816 Us 1 Hwy, Sebastian, FL 32958
      View Details
    • $2,000,000
      8,500 SF

      Industrial Property with Ample Parking

      Well-maintained industrial property featuring a concrete parking lot.
      181 Sebastian Blvd, Sebastian, FL 32958
      View Details
    • $650,000

      Retail Property Near Indian River

      Retail property steps from the Indian River and boat ramp.
      717 Coolidge St, Sebastian, FL 32958
      View Details
    • $699,000
      2,676 SF

      Prime Sebastian Commercial Space

      2676 SF, Vacant, Recently Renovated
      14445 Us Highway 1, Sebastian, FL 32958
      View Details
    • $749,900

      Sebastian Industrial Corner Lot

      Versatile Warehouse Space, Ample Parking
      6820 Woodmere 6820 Rd, Sebastian, FL 32958
      View Details
    • $499,000
      1,260 SF

      High-Visibility Sebastian Retail Space

      Prime Retail Space, High Traffic Location. Excellent Investment Opportunity.
      10625 Us Highway 1, Sebastian, FL 32958
      View Details

    FAQs

    What type of property is this?
    Land - 10,000 sq ft vacant lot, no HOA, no restrictions.
    Where is this land located?
    The property is located at 462 Joy Haven Dr Sebastian, FL.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: - Large 10,000 sq ft vacant lot provides ample space for building.; - No HOA or restrictions allow for flexible design and use.; - Prime location with easy access.
    (772) 321-4119
    Request Owner's contact information
    462 Joy Haven Dr Sebastian, FL 32958
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    462 Joy Haven Dr
    Sebastian, FL 32958
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    462 Joy Haven Dr Sebastian, FL 32958
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shane Reynolds
    Real Estate License ID: 3233632
    (772) 321-4119
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.