1625 CHAMORRO SE STREET A & B Palm Bay, FL 32909
1625 CHAMORRO SE STREET A & B, Palm Bay, FL, 32909
$585,000
Pending
For Sale
$585,000
Pending
Duplexes
Property Size2,780 SF
Days on Market516
Property Features for 1625 CHAMORRO SE STREET A & B
General Information
- Standard status
- Pending
- Size
- 2,780 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2025
Listing agency
EXP REALTY LLC
(407) 406-3213
Listed by
Angie Amate · License #3295927
(407) 406-3213
Source
Exitrealty
Added: Feb 21, 2025 Updated: Jul 21 at 12:42PM Checked: Jul 22 at 7:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Year built 2025 duplex
- No HOA or CDD restrictions reported
- Each unit includes luxury vinyl plank flooring and large format tile
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $18.12 |
| − Vacancy | −$3.8k | −$1.36 |
| EGI | $46.6k | $16.76 |
| − OpEx | −$14.0k | −$5.03 |
| NOI | $32.6k | $11.73 |
2,780 SF · lease $18.12/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$466.0K
$407.7K – $543.6K
NOI $32,617 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$413.9K
$362.2K – $482.9K
NOI $28,975 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$733.4K
$641.8K – $855.7K
NOI $51,341 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
Where is this duplex located?
The property is located at 1625 CHAMORRO SE STREET A & B Palm Bay, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Year built 2025 duplex; No HOA or CDD restrictions reported; Each unit includes luxury vinyl plank flooring and large format tile
