Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9518 Riverside Drive Sebastian, FL 32958

    View on Map
    Claim this Listing
    For Sale
    $619,000

    Land, Other - Sebastian, FL

    Lot size:
    0.23 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    97
    Last Refresh:
    Apr 30 at 11:06 pm

    Property Features for 9518 Riverside Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    31392100010000000005.0
    Lot size
    0.23 Acres

    Utilities

    Water front features
    River Front
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lynn M Grady

    Listing agent Lynn M Grady

    Listing office Engel & Völkers Vero Beach 821A Beachland Boulevard, Vero Beach, FL

    Listing date Jan 23, 2026

    MLS# 294391 Listing URL

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

    Overview

    Riverfront Homesite in Gated Community

    Located in the gated riverfront community of Pelican Pointe along the Indian River Lagoon, this residential homesite offers direct river frontage with views of the sunrise. The property provides access to the intercostal waterway and resort-style amenities, including a private marina, a 9-hole golf course, pickleball courts, a boat ramp, and boat storage. This 0.23-acre lot is an opportunity to build a custom home in a waterfront setting designed for boating and coastal living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Brevard
    State
    Florida
    Longitude
    -80.439625
    Latitude
    27.769791

    Nearby Similar for Sale

    • $550,000

      Sebastian Commercial Land For Sale

      1.52 acre commercial land with high-exposure frontage.
      11515 S Indian River Drive, Sebastian, FL 32958
      View Details
    • $333,333

      Riverfront Homesite in Gated Community

      Premier river-frontage homesite in gated Village of Kashi.
      11311 Ganesh Way, Sebastian, FL 32958
      View Details
    • $2,795,000

      Riverfront Cottages on 1.61 Acres

      Riverfront property with 12 cottages and development potential.
      11450 S Indian River Drive, Sebastian, FL 32958
      View Details
    • $249,000

      Corner Lot on County Road

      Corner lot with highway frontage, great commercial opportunity.
      789 Sebastian Boulevard, Sebastian, FL 32958
      View Details
    • $2,795,000
      70,132 SF

      Riverfront Acres in Sebastian, FL

      1.61 acres, zoned for multifamily, with private dock.
      11450 S Indian River Drive, Sebastian, FL 32958
      View Details
    • $249,000

      Corner Lot on County Road

      Corner lot with highway frontage, tremendous opportunity.
      789 Sebastian Boulevard, Sebastian, FL 32958
      View Details
    • $3,495,000
      65,770 SF

      Riverfront Land with Development Potential

      1.5-acre riverfront property suitable for condos, hotel, or estate.
      412 Indian River Drive, Sebastian, FL 32958
      View Details
    • $85,000

      Cleared Lot in Sebastian, FL

      Cleared lot near shopping, restaurants, river, and beach.
      8065 126TH STREET, SEBASTIAN, FL 32958
      View Details
    • $190,000

      One-Acre Homesite in Sebastian, FL

      One-acre homesite with no HOA, ideal for custom build.
      12405 ROSELAND ROAD, SEBASTIAN, FL 32958
      View Details
    • $69,000

      Oversized Building Lot Available

      0.32 acre building lot in Micco, Sebastian, Florida.
      10th Street, Sebastian, FL 32976
      View Details
    • $750,000

      Indian River Drive Land Opportunity

      Expansive parcel with potential for development or luxury estate.
      13595 N Indian River Drive, Sebastian, FL 32958
      View Details
    • $87,000

      Sebastian, FL Buildable Lot

      Buildable lot in the heart of Sebastian, Florida.
      Tulip Drive, Sebastian, FL 32958
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Expansive homesite with direct river frontage and resort-style amenities.
    Where is this residential land & home lot located?
    The property is located at 9518 Riverside Drive Sebastian, FL.
    What is the asking price?
    The asking price for this property is $619,000.
    What are key features of this property?
    This property features: Direct river frontage on the Indian River Lagoon with sunrise views.; Access to a private marina and the intercoastal waterway.; Located in Pelican Pointe, a prestigious gated riverfront community.
    (772) 584-9628
    We can help!
    Listing Contact
    Lynn M Grady
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!