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    3119 Hempvine Ave Palm Bay, FL 32908

    For Sale
    Contact for pricing

    Prime 0.46-acre lot, potential rezoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 0.46-acre lot situated in Port Malabar Unit 51, Palm Bay, Florida, at 3119 Hempvine Ave SW, zip code 32908. Currently listed at $20,500, this property offers significant future potential despite its current limitations. The lot boasts convenient road access

    Property Features for 3119 Hempvine Ave

    General Information

    Property type
    Specialty properties

    HighLights

    • 0.46‑acre lot in Palm Bay, FL (3119 Hempvine Ave SW, 32908).
    • Listed at $20,500.
    • Significant future development potential.
    • Convenient road access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.7039829
    Latitude
    27.916916

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    FAQs

    What type of property is this?
    Specialty property - Prime 0.46-acre lot, potential rezoning.
    Where is this specialty property located?
    The property is located at 3119 Hempvine Ave Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $20,500.
    What are key features of this property?
    This property features: 0.46-acre lot in Palm Bay, FL (3119 Hempvine Ave SW, 32908).; Listed at $20,500.; Significant future development potential.
    Request Owner's contact information
    3119 Hempvine Ave Palm Bay, FL 32908
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    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
    3119 Hempvine Ave Palm Bay, FL 32908
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