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    1357 Malabar Rd Palm Bay, FL 32907

    For Sale
    $999,000

    3.2 Acres, RM-15 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Exceptional opportunity to acquire 3.2 acres of multifamily-zoned land in Palm Bay, Florida. This prime parcel, located at 1357 Malabar Rd, Palm Bay, FL 32907 (APN: 28-37-34-00-506), is ideally situated just blocks east of I-95, offering convenient access to major transportation routes. Palm Bay's strategic location in east central Florida, between Jacksonville and Miami, and southeast of Orlando, contributes to its strong appeal. The property is zoned RM-15, permitting the development of multi-family dwellings with a maximum density of fifteen (15) units per gross residential acre. Comprehensive environmental studies have already been completed, streamlining the development process. Public water and sewer services are readily available via the abutting Malabar Road. This unique parcel presents a compelling investment opportunity in a thriving market recently ranked #7 in Best Cities to Buy a House in America by niche.com. The asking price is $999,000. Detailed environmental studies and surveys are available upon request following the completion of a Confidentiality Agreement. This corporate-owned land offers significant potential for substantial returns.

    Property Features for 1357 Malabar Rd

    General Information

    Property type
    Land
    Lot Size
    139,392 SF

    HighLights

    • Prime location, blocks east of I‑95.
    • Palm Bay, FL offers excellent growth potential, situated between Jacksonville and Miami.
    • Niche.com ranks Palm Bay #7 among Best Cities to Buy a House.
    • Environmental site assessment complete.
    • Public water and sewer available; RM‑15 zoning allows up to 15 multifamily units per acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -80.61748014
    Latitude
    27.99843531

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    FAQs

    What type of property is this?
    Land - 3.2 Acres, RM-15 Zoning, Prime Location
    Where is this land located?
    The property is located at 1357 Malabar Rd Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Prime location, blocks east of I-95.; Palm Bay, FL offers excellent growth potential, situated between Jacksonville and Miami.; Niche.com ranks Palm Bay #7 among Best Cities to Buy a House.
    (305) 984-8693
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    1357 Malabar Rd 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
    1357 Malabar Rd Palm Bay, FL 32907
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