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    3057 Tropical Cir Palm Bay, FL 32909

    For Sale
    $64,799

    21,344 SF Commercial/Residential Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 21,344 square foot lot, located at 3057 Tropical Circle SE in Palm Bay, Florida (zip code 32909), presents a unique investment opportunity. Zoned for both commercial and residential use, this property offers significant flexibility for developers or investors. A key feature is the added space provided by a bordering drainage canal, ensuring privacy and distance from potential neighbors. The property currently utilizes well water and a septic system. Its prime location offers unparalleled convenience. Enjoy quick access to recreational amenities, such as Bill Madden Park (5 minutes away), featuring playgrounds, picnic areas, and athletic fields. Daily necessities are readily available, with Bayside Lakes Publix, Walgreens, and various restaurants just 7 minutes away. Commuting is a breeze, with the new I-95 interchange only 5 minutes south and the Malabar Road Corridor, boasting numerous stores, restaurants, medical facilities, and everyday conveniences, a short 14-minute drive north. This versatile property is ideally situated to capitalize on the growth and development in the Palm Bay area. The asking price is $64,799. Don't miss this chance to acquire a substantial parcel of land in a thriving Florida community.

    Property Features for 3057 Tropical Cir

    General Information

    Property type
    Land

    HighLights

    • 21,344 SF lot at 3057 Tropical Circle SE, Palm Bay, FL 32909.
    • Commercial and residential zoning allows for flexible development.
    • Bordering drainage canal provides privacy.
    • Currently uses well water and septic.
    • Convenient location near Bill Madden Park, Publix, Walgreens, and I‑95.
    • Asking price: $64,799.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Building Supply Auto Parts Store Kitchen & Bath Electronics Store Bakery Garden Center Nursing Home Assisted Living Facility Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.64668
    Latitude
    27.916984

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    FAQs

    What type of property is this?
    Land - 21,344 SF Commercial/Residential Lot
    Where is this land located?
    The property is located at 3057 Tropical Cir Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $64,799.
    What are key features of this property?
    This property features: 21,344 SF lot at 3057 Tropical Circle SE, Palm Bay, FL 32909.; Commercial and residential zoning allows for flexible development.; Bordering drainage canal provides privacy.
    Request Owner's contact information
    3057 Tropical Cir Palm Bay, FL 32909
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    Palm Bay, FL 32909
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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
    3057 Tropical Cir Palm Bay, FL 32909
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