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    2300 Degroodt Rd Palm Bay, FL 32908

    For Sale
    $1,350,000

    Modern, Class A office; 100+ parking spaces.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Class A office space, totaling 30,964 square feet, presents a unique opportunity in Medford's vibrant Central Business District. Located in the prestigious One West Main Building, this single-tenant property boasts a prime location and modern amenities. Built in 2014, the space is currently vacant and available for lease or sale beginning December 2024. The property features 19,016 square feet of finished and furnished office space, ready for immediate occupancy, and an additional 9,972 square feet of cold shell space, offering flexibility for customization. An additional 1,976 square feet is dedicated to common areas and restrooms. The building's design caters to multiple prominent companies, as evidenced by the presence of Pacific Retirement Services and Rogue Disposal on other floors. A significant advantage is the attached private parking garage providing ample covered parking for employees, exceeding 100 spaces. The property sits on 0.71 acres of land and is zoned CC/Central Business District, offering significant potential for a variety of uses. This turn-key office space represents an unparalleled opportunity to establish a corporate headquarters or expand existing operations in a highly desirable location. The property's modern design and ample parking make it an attractive option for businesses seeking a prestigious and functional workspace. The APN is 11000934, located in Jackson County.

    Property Features for 2300 Degroodt Rd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • 30,964 SF Class A office building in Medford's Central Business District.
    • Single‑tenant occupancy, fully vacant.
    • Located in a premier professional office setting.
    • 2014 construction.
    • 100+ parking spaces.
    • 0.71 acres of land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.675899926674
    Latitude
    27.943966144946

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    FAQs

    What type of property is this?
    Land - Modern, Class A office; 100+ parking spaces.
    Where is this land located?
    The property is located at 2300 Degroodt Rd Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 30,964 SF Class A office building in Medford's Central Business District.; Single-tenant occupancy, fully vacant.; Located in a premier professional office setting.
    Request Owner's contact information
    2300 Degroodt Rd 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
    2300 Degroodt Rd Palm Bay, FL 32908
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