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    905 Parkside Place unit 905 Indian Harbour Beach, FL 32937

    View on Map
    New
    For Sale
    $525,000

    MULTI_FAMILY - Indian Harbour Beach, FL

    Property size:
    2,258 SF
    Lot size:
    0.05 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 8 at 6:06 am

    Property Features for 905 Parkside Place unit 905

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Garage
    Appliances
    Convection Oven, Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    27-37-14-05-00000.0-0045.00
    Size
    2,258 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    GLEASONS REPLAT OF A PORTION OF THE TOWN OF EAU GALLIE BEACH PART AS DESC IN ORB 2977 PG 918 A/K/A LOT 905 OF PARKSIDE PLACE
    Tax Annual Amount
    5932

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1989
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Shingle

    We can help!

    Listing Contact
    Karen Nierenberg
    Karen Nierenberg

    Listing agent Karen Nierenberg License #3020620

    Listing office 1 Percent Lists FL's Finest 250 S San Marco Way, SATELLITE BEACH, FL

    Listing date Apr 6, 2026

    MLS# 1073866

    Copyright © 2026 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

    Updated Unit in Parkside Place

    This updated unit is located in the sought-after community of Parkside Place. The owner remodeled the property, investing $250,000 in upgrades. The interior features contemporary minimalist design, including cabinetry, granite countertops, stainless steel appliances, a gas burning stove, and high-grade laminate floors. A 6-year-old tile roof and impact windows and doors are present. The master bedroom is located downstairs and includes a porcelain tile floored bathroom and closet. Upstairs, there are two bedrooms, a full bath, and a loft/office area. The property includes a pavered entry, a large first-floor back patio, and a second-floor open balcony. The unit is located steps from the community pool and facilities. A two-car garage is included. The unit is currently rented to tenants until 10/31/26.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Harbour Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.5956381
    Latitude
    28.1420092

    Nearby Similar for Sale

    • $325,000
      5,415 SF

      New Warehouse Unit with Office

      Under construction warehouse unit with office space for sale.
      102 Tomahawk Drive, Indian Harbour Beach, FL 32937
      View Details
    • $7,355,000
      26,140 SF

      Beachside Multifamily Investment Opportunity

      32-unit beachside multifamily property in Indian Harbour Beach, Florida.
      1031 Park Dr, Indian Harbour Beach, FL 32937
      View Details

    FAQs

    What type of property is this?
    Single family property - Renovated unit with upgrades, tenant occupied until 10/31/26.
    Where is this single family property located?
    The property is located at 905 Parkside Place unit 905 Indian Harbour Beach, FL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $250K in **high‑end renovations with contemporary minimalist design**; **Impact windows and doors throughout the property**; Master bedroom located downstairs
    (321) 243-2443
    We can help!
    Listing Contact
    Karen Nierenberg
    Karen Nierenberg
    Real Estate License ID: 3020620
    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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