Property profile

9600 Mesa Park Blvdd Fellsmere, FL 32948

OFF-MARKET
Office buildings
Property ID
US18-6280868
4,376 SF 10 ac lot Built 1998
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,376 square foot warehouse, located at 9600 Mesa Park Boulevard in Fellsmere, Florida, presents a unique investment opportunity. Priced at $2,500,000, this industrial property boasts a highly desirable location just 1.8 miles from Interstate 95, providing unparalleled access for shipping, receiving, and overall business operations. Built in 1998, the property offers significant potential for various commercial uses, including but not limited to warehousing and potentially commercial/residential applications. Its previous use as a musical amphitheater leaves existing structures on the site, including a stage and concession stands, which could be repurposed or removed to suit the buyer's needs. The property sits within Indian River County, Florida, a region experiencing robust economic growth and high demand for industrial space. Florida's business-friendly environment, characterized by the absence of state income tax and a favorable climate, further enhances the property's appeal. This presents a compelling investment opportunity in a thriving market. The lot size is not specified.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,376 SF
Lot 10 ac (435,600 SF)
Zoning code I
APN 31-37-00-00001-1544-00004.0
UPID US18-6280868

Cap rate & NOI

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

Location

9600 Mesa Park Blvdd Fellsmere, FL 32948-5409
Fellsmere metro Census 50908 SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2011
$400,000

Zoning & alternative use

I · Fellsmere, FL
Zoning description

The purpose of I zone is to provide IR industrial restricted and IL industrial light districts

General category INDUSTRIAL

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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