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    861 Palm Bay, FL 32909

    For Sale
    $120,000

    Prime Commercial Lot, City Water Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land opportunity in Palm Bay, Florida, presents 20,038 square feet (approximately half an acre) of buildable space. Located in the desirable Southeast section of Palm Bay, this property boasts convenient access to city water. Its strategic location offers proximity to major retail centers and highly-rated schools, making it an attractive investment for various commercial ventures. The property is priced at $120,000, with financing options available. Detailed financing terms are included in the provided contract addendum. The sale includes an office addendum that must accompany any contract. This is a firm price, and only full-price offers will be considered. This property is listed on the MLS and is available for purchase as a single lot or as part of a larger portfolio of 600 citywide lots. The property's address is 861, Palm Bay, FL 32909, situated in Brevard County. Given the rapid growth and increasing housing demand in this dynamic area, this presents a timely opportunity to secure a prime commercial location. The property is zoned for commercial use.

    Property Features for 0 861

    General Information

    Property type
    Land

    HighLights

    • $120,000 asking price for a commercial land parcel.
    • 20,038 square foot lot size.
    • Located in Palm Bay, FL, Brevard County, zip code 32909.
    • City water access.
    • Owner financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6437906
    Latitude
    27.8990653

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, City Water Access
    Where is this land located?
    The property is located at 861 Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: $120,000 asking price for a commercial land parcel.; 20,038 square foot lot size.; Located in Palm Bay, FL, Brevard County, zip code 32909.
    Request Owner's contact information
    861 Palm Bay, FL 32909
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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
    861 Palm Bay, FL 32909
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