187 Del Monte Rd Sebastian, FL 32958
This exceptional 10,019 square foot lot presents a unique opportunity for commercial or residential development in the desirable city of Sebastian, Florida. Located at 187 Del Monte Road, zip code 32958, this property boasts a highly convenient location, offering easy access to the riverfront via a short bike ride. The lot is already cleared and meticulously maintained, eliminating the need for extensive site preparation. Its location on a low-traffic street ensures a peaceful environment. Importantly, this property is situated in Flood Zone X, minimizing flood risk. The absence of a homeowner's association (HOA) provides additional flexibility and freedom for development. The asking price is $99,900. This is a rare chance to acquire a build-ready lot in a sought-after area; seize this opportunity before it's gone. The property is zoned for both commercial and residential use, offering versatility for a range of development projects. Its central location in Sebastian, Indian River County, Florida, provides easy access to local amenities and services. The cleared and maintained nature of the lot significantly reduces the time and cost associated with site preparation, making it an attractive investment for developers and builders alike.
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
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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.