Add Listing
    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

    9555 Mesa Park Boulevard Fellsmere, FL 32948

    View on Map
    Claim this Listing
    For Sale
    $7,760,000

    COMMERCIAL - Fellsmere, FL

    Lot size:
    18.91 Acres
    Added:
    Aug 14, 2023
    Days on Market:
    981
    Last Refresh:
    Apr 20 at 1:06 am

    Property Features for 9555 Mesa Park Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    IND
    Vegetation
    Brush
    Standard status
    Active
    APN
    31370000001154400001.0
    Lot size
    18.91 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    FELLSMERE FARMS COS SUB PBS 2-1&2 TR 1544, 1549, 1545 & 1548 LENGTHY LEGAL Call LO
    Tax Annual Amount
    2806

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Roberto E Berlingieri

    Listing agent Roberto E Berlingieri License #3237571

    Listing office Billero & Billero Properties 1021 Beachland Blvd, Sebastian, FL

    Listing date Aug 14, 2023

    MLS# R10911679 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.

    Overview

    Fellsmere Industrial Land Opportunity

    This 18.91-acre industrial parcel, comprised of four individual parcels, is located in Fellsmere, Florida. The property presents potential for an industrial park, storage facility, or manufacturing complex. It features a 4-inch well, electric service, and city water. Over 13 acres of the property have approximately $300,000 of fill. Existing infrastructure includes bathrooms, shower facilities, a ticket booth, and two large drain fields, each approximately 5,000 square feet. Sewer service is available at County Road 512. The property has four entrances, with three accessible from County Road 512 and one potentially from 97th Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Big Box & Wholesale Store Dental Office Pharmacy Department Store Kitchen & Bath Showroom Food Market HVAC Service Grocery & Convenience Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fellsmere
    County
    Indian River
    State
    Florida
    Longitude
    -80.5817
    Latitude
    27.770339

    Nearby Similar for Sale

    • $750,000

      Fellsmere Farm with Fruit Trees

      5.15-acre farm featuring diverse fruit trees and equipment.
      91st Street, Fellsmere, FL 32948
      View Details
    • $335,000
      217,800 SF

      Fellsmere Fenced Acreage with Barn

      5-acre fenced property with barn, stalls, pond, and utilities.
      12330 81st Street, Fellsmere, FL 32948
      View Details
    • $439,000

      Prime Commercial Land Opportunity

      2.52-acre commercial property with high-visibility frontage near I-95.
      TBD 512 ROAD, FELLSMERE, FL 32948
      View Details
    • $439,000

      Fellsmere Commercial Land Opportunity

      2.52-acre commercial property with high-visibility frontage near I-95.
      TBD TBD 512, FELLSMERE, FL 32948
      View Details
    • $439,000

      Prime Commercial Land Opportunity

      2.52-acre commercial property with high visibility and easy access.
      TBD 512, FELLSMERE, FL 32948
      View Details
    • $375,000
      428,630 SF

      9.84 Acres in Fellsmere, FL

      9.84-acre property suitable for building a home or livestock.
      117th Street, Fellsmere, FL 32948
      View Details
    • $665,000

      Fellsmere, FL Land Opportunity

      Land for sale in Fellsmere redevelopment district.
      13765 99th Street, Fellsmere, FL 32948
      View Details
    • $550,000

      Fellsmere Land with Cabin

      9.21 acres with cabin, stable, pond, and new well.
      15350 93rd Street, Fellsmere, FL 32948
      View Details
    • $450,000

      Fellsmere Commercial Land For Sale

      Two commercial properties sold together in Fellsmere, Florida.
      1 N Hickory Street, Fellsmere, FL 32948
      View Details
    • $300,000
      435,600 SF

      Cleared 10-Acre Fenced Land

      10-acre property in Fellsmere, FL, cleared, filled, and fenced.
      TBD COUNTY RD 512, FELLSMERE, FL 32948
      View Details
    • $350,000
      435,600 SF

      Fellsmere Land for Sale

      10 acres of land in Fellsmere, Florida.
      15255 111th Street, Fellsmere, FL 32948
      View Details
    • $331,200

      9.25 Acres in Fellsmere, FL

      9.25-acre property suitable for livestock in Fellsmere, Florida.
      County Road 507, Fellsmere, FL 32948
      View Details

    FAQs

    What type of property is this?
    Industrial land - 18.91 acres of industrial land with utilities in Fellsmere.
    Where is this industrial land located?
    The property is located at 9555 Mesa Park Boulevard Fellsmere, FL.
    What is the asking price?
    The asking price for this property is $7,760,000.
    What are key features of this property?
    This property features: 18.91 acre industrial parcel with excellent potential; Possible owner financing; Utilities on‑site: **4‑inch well, electric, and city water**
    (772) 473-4206
    We can help!
    Listing Contact
    Roberto E Berlingieri
    Real Estate License ID: 3237571
    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!