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    Property profile & analytics

    9 Mulberry St Fellsmere, FL 32948-6169

    • Retail space
    • 1,512 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US18-9131786
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Stick Marsh Bait & Tackle Shop / Bait Shop / Propane Supplier
    • Notario Publico / Notary Public
    • Pink studios / Beauty Salon
    • Servicios Contables Contabilidad. Palm Bay, Fellsmere, Vero Beach / Accountant / Accounting
    • Inocensia Insurance and Taxes / Tax Preparation Service

    Property Details for 9 Mulberry St

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.36 lot acres
    Property size
    1,512 SF
    Zone code
    C-1
    Property type
    Retail space
    APN
    31-37-00-00009-0160-00036.0
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $215,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $230,000
      Mixed-Use
      $240,000
      Hospitality
      $265,000
      Educational
      $235,000
      Residential Income
      $260,000
      Energy
      $215,000
      Income-Based Land
      $205,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Fellsmere
    County
    Indian River
    State
    Florida
    Longitude
    -80.5939
    Latitude
    27.7673
    CBSA code
    42680
    CBSA name
    SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,303
    $19,922
    $82,166
    $102,088
    -
    $19,922
    $82,166
    $102,088

    Comparable in this City

    • Value Estimation by Request
      551 SF

      81 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 551 SF
      81 Broadway St, Fellsmere, FL 32948-6605
      View Details
    • Value Estimation
      $300,000
      3,000 SF

      32 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      32 Broadway St, Fellsmere, FL 32948-6600
      View Details
    • Value Estimation by Request
      1,110 SF

      125 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 1,110 SF
      125 Broadway St, Fellsmere, FL 32948-6606
      View Details
    • Value Estimation
      $205,000
      3,000 SF

      133 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      133 Broadway St, Fellsmere, FL 32948-6608
      View Details
    • Value Estimation by Request
      325 SF

      36 Lime St

      RETAIL STORES (PERSONAL SERVICES) • 325 SF
      36 Lime St, Fellsmere, FL 32948
      View Details
    • Value Estimation by Request
      544 SF

      46 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 544 SF
      46 Broadway St, Fellsmere, FL 32948-6601
      View Details

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    9 Mulberry St
    Fellsmere, FL 32948-6169
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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