Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vero Beach Land For Sale Title is generated by Realmo AI

    7945 98th Court, Vero Beach, FL 32967

    View on Map
    Claim this Listing
    For Sale
    $55,000

    LAND - Vero Beach, FL

    Lot size:
    0.23 Acres
    Added:
    Jun 25, 2025
    Days on Market:
    346
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 7945 98th Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-3
    Vegetation
    Brush
    Standard status
    Active
    APN
    313833000030020000130
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    VERO LAKE ESTATES UNIT L BLK B LOT 13 PBI 5-86
    Tax Annual Amount
    291

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Westley C Richards

    Listing agent Westley C Richards License #3482459

    Listing office Coldwell Banker Paradise 1950 US Hwy 1, Fort Pierce, FL

    Listing date Jun 25, 2025

    MLS# R11102363 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Location: Coordinates provided (-80.529106, 27.738886)
    • Cable Available

    Overview

    This residential land is located in Vero Beach, Florida. The lot size is approximately 0.23 acres. The zoning is RS-3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Kitchen & Bath Showroom HVAC Service Discount Store Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.529104
    Latitude
    27.738886

    Nearby Similar for Sale

    • $2,200,000
      4,000 SF

      Vero Beach Commercial Property

      Commercial property with showroom, storage, and bay door.
      415 US Highway 1, Vero Beach, FL 32962
      View Details
    • $1,200,000
      2,000 SF

      Vero Beach Commercial Opportunity

      Prime commercial property with high visibility and expansion potential.
      725 12th Street, Vero Beach, FL 32960
      View Details
    • $1,500,000
      7,500 SF

      Vero Beach Flex Opportunity

      7,500 SF flex building on one acre for sale.
      820 35th Court SW, Vero Beach, FL 32968
      View Details
    • $695,000
      1,776 SF

      Vero Beach Commercial Parcels

      Three commercial parcels with US1 frontage in Vero Beach, FL.
      3880 Old Dixie Highway, Vero Beach, FL 32960
      View Details
    • $695,000
      1,776 SF

      Vero Beach Commercial Land Parcels

      Three commercially zoned parcels with US1 frontage near medical district.
      1955 39th Street, Vero Beach, FL 32960
      View Details
    • $1,500,000
      3,200 SF

      Vero Beach Multi-Family Investment

      Rare 4-unit property near Vero Beach's barrier island.
      919 Turtle Cove Lane, Vero Beach, FL 32963
      View Details
    • $385,000
      728 SF

      Vero Beach Multi-Use Property

      Charming office building in the heart of Vero Beach.
      1324 16th Street, Vero Beach, FL
      View Details
    • $79,000
      11,163 SF

      Established Business in Vero Beach

      Turnkey business opportunity with great lease terms in Vero Beach.
      1642 Old Dixie Highway, Vero Beach, FL 32960
      View Details
    • $979,000

      Updated Live-Work Office Home

      Turnkey 2BR/2BA live-work or professional office space with natural light and 10-foot ceilings.
      3509 Ocean Drive, Vero Beach, FL 32963
      View Details
    • $725,000

      Vero Beach Investment Opportunity

      Prime location commercial building with lease income and expansion potential.
      148 Vista Royale Square, Vero Beach, FL 32962
      View Details
    • $110,000

      Profitable Dual-Revenue Business Opportunity

      Established pet grooming and aquatics retail business for sale.
      1135 US Highway 1, Vero Beach, FL 32960
      View Details
    • $299,000

      Vero Beach Commercial Development Site

      Prime 0.51-acre commercial land for sale in Vero Beach.
      1915 42nd Avenue, Vero Beach, FL 32960
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land available in Vero Beach, Florida.
    Where is this residential land & home lot located?
    The property is located at 7945 98th Court Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Location: Coordinates provided (-80.529106, 27.738886); Cable Available
    (772) 713-5723
    We can help!
    Listing Contact
    Westley C Richards
    Real Estate License ID: 3482459
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    7945 98th Court, Vero Beach, FL 32967
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!