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    FL Emerson Dr. & St. Johns Heritage Pkwy Palm Bay Palm Bay, FL 32904

    For Sale
    Contact for pricing

    Prime commercial land, Palm Vista

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional opportunity encompasses seven commercial land parcels ranging from 2 to nearly 15 acres, totaling up to 61.8 acres. Strategically located at the intersection of Emerson Drive and St. Johns Heritage Parkway in Palm Bay, Florida (zip code 32904), this property sits within Lennar's Palm Vista Master Plan, a thriving community slated for 4,000 new homes. The Community Commercial (CC) zoning allows for diverse commercial development options. The flexible parcel sizes cater to various business needs, from smaller retail spaces to larger-scale commercial projects. This prime location offers unparalleled visibility and accessibility, ensuring high traffic and a strong customer base drawn from the rapidly expanding residential community. The property presents a unique chance to establish a business or develop a commercial project within a dynamic and growing area of Brevard County. This is an ideal investment for developers and businesses seeking to capitalize on the significant growth potential of Palm Vista.

    Property Features for FL Emerson Dr. & St. Johns Heritage Pkwy Palm Bay

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Prime commercial land assemblage totaling 61.8 acres, situated at the Emerson Drive and St. Johns Heritage Parkway intersection in Palm Bay, FL (32904).
    • Seven parcels available, ranging from 2 to 15 acres, allowing for flexible development options.
    • Located within Lennar's Palm Vista master‑planned community, supporting a projected 4,000 new homes, ensuring a strong customer base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.7369833
    Latitude
    28.0319963

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    FAQs

    What type of property is this?
    Land - Prime commercial land, Palm Vista
    Where is this land located?
    The property is located at FL Emerson Dr. & St. Johns Heritage Pkwy Palm Bay Palm Bay, FL.
    What are key features of this property?
    This property features: Prime commercial land assemblage totaling 61.8 acres, situated at the Emerson Drive and St. Johns Heritage Parkway intersection in Palm Bay, FL (32904).; Seven parcels available, ranging from 2 to 15 acres, allowing for flexible development options.; Located within Lennar's Palm Vista master-planned community, supporting a projected 4,000 new homes, ensuring a strong customer base.
    Request Owner's contact information
    FL Emerson Dr. & St. Johns Heritage Pkwy Palm Bay Palm Bay, FL 32904
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    FL Emerson Dr. & St. Johns Heritage Pkwy Palm Bay
    Palm Bay, FL 32904
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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
    FL Emerson Dr. & St. Johns Heritage Pkwy Palm Bay Palm Bay, FL 32904
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