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    328 Malabar Rd SE Palm Bay, FL 32907

    Sponsored
    For Sale
    $1,575,000

    LAND - Palm Bay, FL

    Lot size:
    1.72 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 328 Malabar Rd SE

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00
    Lot size
    1.72 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    M. DAVID MOALLEM INC. (321) 724-2424 [email protected]

    Listing agent Vahid Reza Rajabian (321) 724-2424

    Listing date Dec 22, 2025

    MLS# 1010989 Listing URL

    Copyright © 2025 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palm Bay Commercial Land Opportunity

    This commercial real estate opportunity is located in Palm Bay. The property comprises five smaller parcels, totaling approximately 1.75 acres, with the potential to add two additional parcels of approximately 0.23 acres, for a grand total of approximately 2 acres. The property is positioned along one of Palm Bay's thoroughfares, with a daily traffic count of approximately 23,000. The property features three existing houses on month-to-month leases, providing an immediate income stream while preparing for redevelopment. The property is located in proximity to retailers and benefits from a signalized intersection, making it suited for a range of uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Hair Salon Auto Repair Shop Gym & Fitness HVAC Service Bakery Nursing Home Travel Agency Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.664086
    Latitude
    27.998561

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    FAQs

    What type of property is this?
    Commercial land - 1.75 acres of commercial land with redevelopment potential.
    Where is this commercial land located?
    The property is located at 328 Malabar Rd SE Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: - High-visibility location on a busy thoroughfare with approximately 23,000 daily traffic count.; - Approximately 1.75 acres, with the potential to expand to approximately 2 acres.; - Immediate income stream from three existing houses with month-to-month leases.
    (321) 333-7230
    Request Owner's contact information
    328 Malabar Rd SE Palm Bay, FL 32907
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    Palm Bay, FL 32907
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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
    328 Malabar Rd SE Palm Bay, FL 32907
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