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    818 Schomer Ave Palm Bay, FL 32908

    For Sale
    $47,900

    10,019 SF Lot, Shovel-Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10,019 square foot lot, located at 818 Schomer Avenue SW in Palm Bay, Florida (zip code 32908), presents a unique opportunity for commercial or residential development. The property is zoned for both commercial and residential use, offering significant flexibility for investors. Detailed site plans, engineering, and architectural plans are already complete for a 1,575 square foot, three-bedroom, two-bathroom home, significantly reducing the time and effort required for construction. Septic design and approvals are also in place, making this a truly "shovel-ready" lot. The property backs up to a water canal, providing additional space and aesthetic appeal. This eliminates the extensive planning and permitting phases typically associated with new construction projects, saving considerable time and money. All necessary surveys are completed, streamlining the building process. The asking price for this ready-to-build lot is $47,900. This represents a significant advantage for developers seeking a quick turnaround or those looking to minimize upfront costs and maximize profit margins. Don't miss this chance to acquire a fully prepared lot in a desirable Palm Bay location. The property is situated in Brevard County, Florida.

    Property Features for 818 Schomer Ave

    General Information

    Property type
    Land

    HighLights

    • 10,019 SF lot in Palm Bay, FL (32908) zoned for commercial or residential use.
    • Ready‑to‑build with complete plans for a 1,575 SF, 3 bed/2 bath home, including septic design and approvals.
    • Backs up to a water canal.
    • All surveys completed; asking price: $47,900.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Nail Salon Building Supply Auto Repair Shop Wholesale Shop Kitchen & Bath HVAC Service Garden Center Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6956639
    Latitude
    27.979969

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    FAQs

    What type of property is this?
    Land - 10,019 SF Lot, Shovel-Ready
    Where is this land located?
    The property is located at 818 Schomer Ave Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $47,900.
    What are key features of this property?
    This property features: 10,019 SF lot in Palm Bay, FL (32908) zoned for commercial or residential use.; Ready-to-build with complete plans for a 1,575 SF, 3 bed/2 bath home, including septic design and approvals.; Backs up to a water canal.
    (407) 230-8093
    Request Owner's contact information
    818 Schomer Ave Palm Bay, FL 32908
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    Palm Bay, FL 32908
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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
    818 Schomer Ave Palm Bay, FL 32908
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