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    307 Labra Rd Palm Bay, FL 32908

    For Sale
    $44,500

    Prime Commercial/Residential Land, 10,018 sq ft

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10,018.8 square foot lot presents a unique opportunity for commercial or residential development in desirable Palm Bay, Florida. Located at 307 Labra Road SW, this property offers significant potential. The land is zoned for both commercial and residential use, providing flexibility for a variety of projects. Its convenient location offers easy access to key amenities. Within a short drive, residents and businesses will find Westside Elementary School, Publix Supermarket, Melbourne Airport, and the beaches of Indialantic. The property's proximity to I-95 (exit 176) ensures convenient commutes. Detailed driving directions are available upon request. This expansive lot provides ample space for construction, making it an ideal investment for those seeking a prime location in a thriving community. The property is priced at $44,500. This represents a compelling opportunity to acquire a substantial parcel of land in a rapidly growing area of Brevard County, Florida, with a 32908 zip code. The lot's size allows for substantial development potential, catering to a range of commercial or residential ventures.

    Property Features for 307 Labra Rd

    General Information

    Property type
    Land

    HighLights

    • 10,018.8 sq ft lot in desirable Palm Bay, FL.
    • Zoned for commercial and residential use.
    • Convenient location near I‑95 (exit 176), schools, shopping, and beaches.
    • Priced at $44,500.
    • Significant development potential in a rapidly growing area (zip code 32908).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Wholesale Shop Hair Salon Clothing Store Hotel & Motel Pharmacy Kitchen & Bath Nursing Home 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
    -80.677744
    Latitude
    27.927536

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Land, 10,018 sq ft
    Where is this land located?
    The property is located at 307 Labra Rd Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $44,500.
    What are key features of this property?
    This property features: 10,018.8 sq ft lot in desirable Palm Bay, FL.; Zoned for commercial and residential use.; Convenient location near I-95 (exit 176), schools, shopping, and beaches.
    Request Owner's contact information
    307 Labra Rd 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
    307 Labra Rd Palm Bay, FL 32908
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