Technical
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Property profile

154 Broadway St Fellsmere, FL 32948

OFF-MARKET
Commercial land
Property ID
US18-0265129
0.16 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.16-acre commercial lot presents a remarkable investment opportunity in the thriving town of Fellsmere, Florida. Located at 154 N Broadway St., Fellsmere, FL 32948 (APN: 31370000009099000003.0), this property is zoned for commercial use within the "Old Town District," offering considerable flexibility for a variety of business ventures. The land is lightly wooded and situated on a paved road, ensuring convenient access and visibility. Fellsmere's strategic location in central Florida, near major roadways, contributes to its economic growth and makes this property highly attractive. The town's pro-growth administration fosters a supportive environment for new businesses, making this an ideal location for entrepreneurs and investors alike. An adjacent lot is also available, presenting the potential for expansion or development of a larger commercial project. This is a rare chance to acquire a well-situated commercial lot in a rapidly developing area. The asking price is $71,500. Don't miss this opportunity to secure your place in Fellsmere's burgeoning commercial landscape.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.16 ac (6,970 SF)
Zoning code OTD
APN 31-37-00-00009-0990-00003.0
UPID US18-0265129

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

154 Broadway St Fellsmere, FL 32948-6607
Fellsmere metro Census 50908 SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2025
Last sale
$260,000
2 recorded transactions
2025
$260,000
2006
$305,000

Zoning & alternative use

OTD · Fellsmere, FL
Zoning description

Section 3.23 OTD Old Town District. A. Purpose. The OTD (Old Town District) Zoning District is designed to provide and promote a mix of uses to foster a vibrant downtown, to retain existing businesses, preserve historic…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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