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Property profile & analytics
OFF-MARKET
Industrial land
10305 99th Way Sebastian, FL 32958-7827
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7361969
Property summary
AI-generated overview
This 850,000 USD land parcel presents a unique opportunity for industrial development. Strategically located in Sebastian, Florida, this property boasts unparalleled access to Interstate 95 via the Sebastian/Fellsmere exit. Its prime location, just one block north of the intersection of County Road 512 and 99th Way, makes it ideally suited for a manufacturing or distribution center. The site benefits from well-established infrastructure, including paved roads, readily available county water, and a robust forced main sewer system. This combination of convenient access to major transportation arteries and essential utilities makes this land a highly attractive investment for businesses seeking a strategic location for growth and expansion. The property is zoned for industrial use (verification of zoning with local authorities is recommended). The address is 10305 99th Way, Sebastian, FL 32958. This is a rare opportunity to acquire a well-situated industrial land parcel in a rapidly growing area. Serious inquiries only.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
6.46 ac (281,398 SF)
Zoning code
IL
APN
31-38-21-00000-0020-00002.0
UPID
US18-7361969
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John Manchec · 5 yrs held
John Manchec
since 2021
Last sale
$400,000
5 recorded transactions
Zoning & alternative use
IL · Sebastian, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sebastian submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sebastian submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$735
Tax year 2023
Assessed value
$52,377
Assessed 2023
Previous assessed
$52,377
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$52,377
Land market value
$52,377
Total market value
$52,377
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
6.46 ac (281,398 SF)
Zoning code
IL
APN
31-38-21-00000-0020-00002.0
UPID
US18-7361969
Jurisdiction
INDIAN RIVER
Zoning & alternative use
IL · Sebastian, FLZoning IL · permitted uses
IL · Sebastian, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
6.46 ac
Current owner
From public records · entity-resolved
John Manchec
Individual
Free & Clear · 5 yrs held
Mailing address
3104 INDUSTRIAL AVE 3RD 3, FORT PIERCE, FL 34946-8662
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
$400,000
John Manchec
Best Septic INC
Warranty Deed
—
Jun 18, 2020
$39,000
Best Septic INC
Aleman Props Corp
Warranty Deed
—
Mar 17, 2017
$54,700
Orildaaleman,rosendo & Trust
Deputy Clerk/ Indian River Cou|milligan,michael
Tax Deed
related
—
Nov 3, 2004
$36,607
Keith Milligan
Milligan,dian H
Quit Claim Deed
related
—
Nov 3, 2004
$9,285
Milligan Jessica P Trust
Milligan,keith
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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