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    130 Greenacre Dr Palm Bay, FL 32909

    For Sale
    $495,000

    40,075 SF Commercial Lot - $495,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 40,075 square foot commercial lot presents a remarkable investment opportunity in desirable Southeast Palm Bay, Florida. Located at 130 Greenacre Drive SE, 32909, this property boasts a prime location off Malabar Road, surrounded by established commercial businesses. The strategic positioning offers excellent visibility and accessibility for any commercial venture. Adding to its appeal, a Thrifty Food Produce facility is under construction adjacent to the lot, promising increased foot traffic and a thriving commercial environment. The asking price of $495,000 reflects a compelling value proposition for developers and entrepreneurs seeking a foothold in this rapidly growing area of Brevard County. The lot's size provides ample space for a variety of commercial developments, catering to diverse business needs. This is a rare opportunity to acquire a well-situated commercial parcel in a flourishing market, poised for significant growth and return on investment. Don't miss this chance to secure a prime location for your next commercial project. The property is conveniently located at 27.997992 latitude and -80.657586 longitude.

    Property Features for 130 Greenacre Dr

    General Information

    Property type
    Land

    HighLights

    • $495,000 asking price.
    • 40,075 square foot commercial land parcel.
    • Located at 130 Greenacre Drive SE, Palm Bay, FL 32909.
    • Adjacent to Thrifty Food Produce and other established commercial businesses.
    • Situated in desirable Southeast Palm Bay, off Malabar Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.657586
    Latitude
    27.997992

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    FAQs

    What type of property is this?
    Land - 40,075 SF Commercial Lot - $495,000
    Where is this land located?
    The property is located at 130 Greenacre Dr Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price.; 40,075 square foot commercial land parcel.; Located at 130 Greenacre Drive SE, Palm Bay, FL 32909.
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    130 Greenacre Dr Palm Bay, FL 32909
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    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
    130 Greenacre Dr Palm Bay, FL 32909
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