Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    328 Malabar Rd Palm Bay, FL 32907

    For Sale
    $1,575,000

    High-traffic commercial land, immediate income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Palm Bay, Florida commercial property presents a remarkable investment opportunity. Located at 328 Malabar Road SE, 32907, this 1.75-acre (with potential for expansion to 2 acres) site boasts high visibility on a major thoroughfare with approximately 23,000 vehicles passing daily. The property currently features three houses generating immediate rental income on month-to-month leases, providing a steady cash flow while redevelopment plans are formulated. Its prime location near key retailers and a signalized intersection makes it ideal for various commercial ventures, including quick-service restaurants (QSR), medical complexes, or retail plazas. The land consists of five parcels, with the option to acquire two additional parcels for a total of approximately 2 acres. This versatile property offers significant potential for substantial returns. The asking price is $1,575,000. The lot size is 74,923.2 square feet.

    Property Features for 328 Malabar Rd

    General Information

    Property type
    Land

    HighLights

    • $1,575,000 asking price.
    • 1.75‑acre commercial land parcel (potential for 2 acres total) in Palm Bay, FL.
    • High visibility location on Malabar Road SE with approximately 23,000 daily traffic count.
    • Three existing houses generating immediate rental income.
    • Suitable for QSR, medical complex, retail plaza, and other commercial uses.
    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
    -80.6881718
    Latitude
    28.0181548

    Nearby Similar for Sale

    • $627,000
      3,472 SF

      Modern Duplex in Palm Bay

      Contemporary duplex with luxury finishes, ideal for investors or families.
      1659 Javier St SE, Palm Bay, FL 32909
      View Details
    • $395,000
      1,870 SF

      Palm Bay Commercial Opportunity

      Well-maintained commercial space suitable for medical, dental, or professional office.
      2179 Julian Ave NE, Palm Bay, FL 32905
      View Details
    • $725,000
      Pending

      Palm Bay Four-Plex Investment

      Four spacious units in a sought-after Palm Bay location.
      410 Thor Ave SE, Palm Bay, FL 32909
      View Details
    • $627,000
      3,472 SF

      Palm Bay Duplex with Garages

      Modern duplex in Palm Bay ideal for investors or families.
      2542 Hester Ave SE, Palm Bay, FL 32909
      View Details
    • $448,000
      2,196 SF

      Palm Bay Office with Expansion Potential

      Office property in Palm Bay with room for expansion and storage.
      1853 Canova St SE, Palm Bay, FL 32909
      View Details
    • $235,000
      1,200 SF

      Flex Space in Palm Bay

      Flex space with warehouse, loft, and office in Palm Bay.
      1300 Clearmont St, Palm Bay, FL 32905
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic commercial land, immediate income.
    Where is this land located?
    The property is located at 328 Malabar Rd Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: $1,575,000 asking price.; 1.75-acre commercial land parcel (potential for 2 acres total) in Palm Bay, FL.; High visibility location on Malabar Road SE with approximately 23,000 daily traffic count.
    Request Owner's contact information
    328 Malabar Rd Palm Bay, FL 32907
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    328 Malabar Rd
    Palm Bay, FL 32907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    328 Malabar Rd Palm Bay, FL 32907
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.