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Property profile & analytics
OFF-MARKET
Land

0 121 St Fellsmere, FL 32948

Property ID
Property summary
AI-generated overview

This exceptional 10-acre property, located at 0 121st Street in Fellsmere, Florida (zip code 32948), presents a unique opportunity for both commercial and residential development. The expansive 435,600 square foot lot is situated just one lot from a paved road, offering convenient access. The land is currently improved with a fenced, cleared pasture, a 1500 square foot barn equipped with stalls, and a significant amount of fill dirt previously used for a dirt bike track. This existing fill dirt could potentially be utilized to create building pads for residential or commercial structures. The property's versatility makes it ideal for a variety of uses, from building a dream home and establishing a small farm with space for horses and other animals, to developing a commercial venture. The property's location in Indian River County, Florida, offers a desirable blend of rural tranquility and convenient access to local amenities. While measurements are approximate, this substantial parcel of land represents a compelling investment opportunity in a rapidly growing area. The asking price for this exceptional property is $490,000.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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