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    1659 JAVIER STREET SE Palm Bay, FL 32909

    View on Map
    For Sale
    $598,000

    Duplex - PALM BAY, FL

    Type:Duplex
    Property size:
    3,472 SF
    Lot size:
    0.32 Acres
    Added:
    Oct 24, 2025
    Days on Market:
    159
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for 1659 JAVIER STREET SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Zoning
    RM10
    Bedrooms
    8
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage, Garage - Attached
    Interior features
    Built-in Features, Open Floorplan, Stone Counters, Thermostat
    Exterior features
    Sliding Doors, Sprinkler Metered
    Standard status
    Active
    APN
    29 3728-KQ-2010-9
    Size
    3,472 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    972.98

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Number of units
    2
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other
    BuilderName
    Holy Homes LLC

    We can help!

    Listing Contact
    John Gomez

    Listing agent John Gomez License #3374681

    Listing office EXP REALTY LLC 6200 Metrowest Blvd #203, Jacksonville, FL

    Listing date Oct 24, 2025

    MLS# S5137538 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Modern Duplex in Palm Bay

    This architecturally impressive duplex under construction in Palm Bay offers two fully equipped living spaces, suitable for investors, multi-generational families, or owner-occupants seeking rental income. Each mirror-image unit features 3 bedrooms, 2 full bathrooms, and open-concept living areas. Elegant floor tile spans the entire living space, eliminating carpet maintenance while providing a sleek, modern aesthetic. Gourmet kitchens feature stone countertops paired with rich wood cabinetry. Each unit has a private one-car garage providing secure parking and additional storage. The property is situated on a 0.32-acre lot. The property's size is 3472 square feet. The property is ideally situated in growing Palm Bay with easy access to shopping, dining, schools, and major roadways. This turnkey duplex with premium finishes is located in a desirable Palm Bay location. The property is zoned RM10.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Building Supply Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Accounting Firm Garden Center Discount Store Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6242294
    Latitude
    27.9366624

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    FAQs

    What type of property is this?
    Duplex - Under construction duplex with luxury finishes, ideal for investors.
    Where is this duplex located?
    The property is located at 1659 JAVIER STREET SE Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $598,000.
    What are key features of this property?
    This property features: Brand new construction duplex: Offers immediate rental income potential or multi‑generational living options.; Two fully equipped mirror‑image units: Each features 3 bedrooms, 2 bathrooms, and a private one‑car garage.; **Luxury finishes throughout**: Includes elegant floor tile, stone countertops, and rich wood cabinetry.
    (321) 557-5652
    We can help!
    Listing Contact
    John Gomez
    Real Estate License ID: 3374681
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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