11350 138 Fellsmere, FL 32948
This exceptional 9.19-acre parcel, located at 11350 138th Street in Fellsmere, Florida, presents a unique opportunity for commercial or residential development. The property boasts a generous 400,316.4 square feet of land, conveniently situated on a paved road, eliminating the need for costly infrastructure improvements. The land is already fenced and cleared, featuring a grassy pasture, an existing well, and electric service – significantly reducing upfront development costs. Ideal for various uses, this property is perfect for those seeking a location for a dream home, a small farm, or a commercial venture. The presence of existing utilities and cleared land makes it ready for immediate development. The property's location in Fellsmere, Indian River County, Florida, offers a desirable blend of rural tranquility and convenient access to local amenities. Note that adjacent land is also available for purchase, providing potential for expansion or consolidation. Measurements are approximate. The asking price for this remarkable property is $500,000. Don't miss this chance to acquire a versatile and well-prepared land parcel in a sought-after Florida location. Contact us today to learn more.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.