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

    6028 Island Harbor Rd Sebastian, FL 32958

    Sponsored
    For Sale
    $750,000

    Land - SEBASTIAN, FL

    Lot size:
    0.50 Acres
    Days on Market:
    128
    Last Refresh:
    Feb 4 at 12:06 am

    Property Features for 6028 Island Harbor Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM-6
    APN
    31-39-17-00001-0000-00009.0
    Lot size
    0.50 Acres

    Utilities

    Water front features
    Canal - Saltwater, Canal Front, Lagoon, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Erica Harvey
    Erica Harvey

    LPT Realty, LLC. (877) 366-2213

    Listing agent Erica Harvey (877) 366-2213 License #3400923

    Listing date Sep 30, 2025

    MLS# OK225104 Listing URL

    Copyright © 2026 Stellar MLS. 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

    Waterfront Lot in Sebastian, FL

    This approximately half-acre waterfront lot in Sebastian, Florida, offers a unique opportunity with water on two sides and direct access to the Indian River Lagoon and Intracoastal Waterway. Situated on a private, secluded dead-end street, the property provides a setting conducive to peaceful retreat, with potential for sunrise and sunset views. A small concrete boat ramp and an existing well are located on-site, facilitating boating, fishing, and water activities. The Sebastian Inlet is approximately 10 minutes away by boat, providing access to the ocean. The property is zoned RM-6 and is located in Indian River County. The site may be suitable for residential development. Sebastian offers a small-town atmosphere with shopping, dining, and entertainment options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Brevard
    State
    Florida
    Longitude
    -80.450103
    Latitude
    27.786712

    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
    • $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
    • $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
    • $650,000
      2,508 SF

      Sebastian Waterfront Business Opportunity

      Prime Location, High Potential, Riverfront Views
      717 Coolidge St, Sebastian, FL 32958
      View Details

    FAQs

    What type of property is this?
    Waterfront Property - Rare waterfront lot with direct access to Indian River Lagoon.
    Where is this waterfront property located?
    The property is located at 6028 Island Harbor Rd Sebastian, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Rare waterfront lot with water on two sides, offering direct access to the Indian River Lagoon and Intracoastal Waterway.; - Located on a private, secluded dead-end street, providing a peaceful retreat with sunrise and sunset views.; - Direct access to boating, fishing, and water activities from the property.
    (863) 610-1490
    Request Owner's contact information
    6028 Island Harbor Rd 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.
    6028 Island Harbor Rd
    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
    6028 Island Harbor Rd 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
    Erica Harvey
    Erica Harvey
    Real Estate License ID: 3400923
    (863) 610-1490
    Learn more
    Google sign-in failed. Please try again or use another login method.