Certified Organic Farm with
15350 111th Street Fellsmere, FL 32948
15350 111th Street, Fellsmere, FL, 32948
$400,000
Pending
For Sale
$400,000
Pending
Certified organic farm with a new 2,600 SF warehouse/barn built in 2021, irrigation fertigation, well, and fenced acreage.
Property Size2,600 SF
Lot Size11.00 Acres
Days on Market477
Property Features for 15350 111th Street
General Information
- Standard status
- Pending
- Size
- 2,600 SF
- Lot size
- 11.00 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2021
Listing agency
LPT Realty, LLC
(772) 766-2001
Listed by
Chris Flaig · License #3495792
(772) 766-2001
Source
Exitrealty
Added: Apr 1, 2025 Updated: Jul 21 at 12:24AM Checked: Jul 21 at 4:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, LLC
Investment Insights
Based on property information with market context.
Offered for sale is a rare certified organic farm totaling 11 acres, including a brand-new 2,600 SF warehouse/barn completed in 2021. The property includes a modern irrigation system with fertigation capabilities, along with an onsite well. New fencing is in place, including electric fencing in the southwest quadrant.
The farm is supported by FPL power with a new 3-phase electric panel. Drainage is addressed with a strategic ditch system designed to mitigate flooding concerns.
This combination of certified organic acreage and newer warehouse/barn improvements provides a practical platform for agricultural operations alongside light commercial or storage needs.
The farm is supported by FPL power with a new 3-phase electric panel. Drainage is addressed with a strategic ditch system designed to mitigate flooding concerns.
This combination of certified organic acreage and newer warehouse/barn improvements provides a practical platform for agricultural operations alongside light commercial or storage needs.
Key Highlights
- 11‑acre certified organic farm
- New 2,600 SF warehouse/barn built in 2021
- Irrigation system with fertigation
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.9k | $9.96 |
| − Vacancy | −$1.2k | −$0.48 |
| EGI | $24.7k | $9.48 |
| − OpEx | −$3.7k | −$1.42 |
| NOI | $21.0k | $8.06 |
2,600 SF · lease $9.96/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$299.4K
$261.9K – $349.3K
NOI $20,955 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$570.2K
$498.9K – $665.2K
NOI $39,913 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Farm - Certified organic farm with a new 2,600 SF warehouse/barn built in 2021, irrigation fertigation, well, and fenced acreage.
Where is this farm located?
The property is located at 15350 111th Street Fellsmere, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 11‑acre certified organic farm; New 2,600 SF warehouse/barn built in 2021; Irrigation system with fertigation
