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    801 Banyan St Palm Bay, FL 32908

    For Sale
    $39,999

    10,019 sq ft lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 10,019 square foot commercial and residential lot presents a unique investment opportunity in Palm Bay, Florida. Located at 801 Banyan Street SW, this 0.23-acre parcel is zoned Rs2 and offers significant potential for development. The property boasts convenient access to essential amenities, including Publix supermarket (a 6-minute drive), Bayside High and Westside Elementary Schools (within a 3-minute drive), and the Melbourne Square Mall (a 23-minute drive). Beachgoers will appreciate the proximity to Indialantic's beaches, just 17 miles away. For space enthusiasts, the Kennedy Space Center is only an hour's drive. The lot's strategic location in the rural southwest section of Palm Bay offers a tranquil setting while remaining close to urban conveniences. Note that powerlines are located along the street, and an existing home is adjacent to the property. The property's address is 801 Banyan Street SW, Palm Bay, FL 32908, situated in Brevard County. Detailed driving directions are available upon request. This is a buildable section ready for your vision. The asking price for this remarkable property is $39,999.49.

    Property Features for 801 Banyan St

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Clothing Store Hotel & Motel Kitchen & Bath Travel Agency Bed & Breakfast Plumbing Service Carpet & Flooring Store Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.693745
    Latitude
    27.952233

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    FAQs

    What type of property is this?
    Land - 10,019 sq ft lot, prime location.
    Where is this land located?
    The property is located at 801 Banyan St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $39,999.
    Request Owner's contact information
    801 Banyan St 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
    801 Banyan St Palm Bay, FL 32908
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