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    5831 College Ln Vero Beach, FL 32966

    For Sale
    $3,000,000

    Commercial land for sale near major retailers and educational institutions.

    Lot size:
    4.60 Acres

    Property Features for 5831 College Ln

    General Information

    Lot size
    4.60 Acres

    Source: SLC Commercial Realty & Development Agent Christine M. Skurka

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land Near Home Depot

    This commercial land is zoned General Commercial (CG) in Indian River County. The property is located near the Home Depot at the busiest intersection in Indian River County on State Road 60, which sees 32,500 vehicles per day. Situated on a signalized corner on the going-home side of the street, the location offers secondary access to Ruby Tuesday's, Home Depot, and Century Town Center. It is also near the entrance of Charter High School and Indian River State College.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -80.4472497
    Latitude
    27.634649

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    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale near major retailers and educational institutions.
    Where is this commercial land located?
    The property is located at 5831 College Ln Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - General commercial (CG) zoning in Indian River County; - Shadow of Home Depot at busiest intersection on SR60 (32,500 VPD); - Signalized far corner location on the going home side of the street
    (772) 359-7199
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    5831 College Ln Vero Beach, FL 32966
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    Vero Beach, FL 32966
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    Realmo Value Estimation

    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.

    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.

    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
    5831 College Ln Vero Beach, FL 32966
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