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    422 Martin Rd Palm Bay, FL 32909

    For Sale
    $1,225,000

    Mixed-use building, prime location

    Property size:
    4,680 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,680 sq ft mixed-use property in Palm Bay, Florida, is offered at $1,225,000. Situated on a spacious 25,264.8 sq ft lot, this single-story, 2009-built building is zoned 'General Commercial,' allowing for diverse uses. Currently configured as an adult day care facility with medical overtones, the property features a well-designed concrete block structure with a metal roof, high ceilings, ceramic flooring, multiple community rooms, offices, two commercial kitchens, ample bathrooms, laundry facilities, and pantries. Additional amenities include a covered wrap-around porch, screened porch, portico, sprinkler system, 20 parking spaces, and perimeter fencing. Its strategic location near I-95, Palm Bay Hospital, and major roadways offers excellent visibility and accessibility. The business currently operating on the premises is excluded from the sale but may be negotiated separately. Owner financing is considered. Exposure and signage are available on Babcock Street. Detailed zoning information, floor plans, and maps are available. This property presents a unique opportunity for various medical facilities, clinics, laboratories, or research and development businesses.

    Property Features for 422 Martin Rd

    General Information

    Property type
    Land
    Square Feet
    4,680 SF

    Building Details

    Year Built
    2009
    Stories
    1
    Units
    1

    HighLights

    • $1,225,000 asking price.
    • Mixed‑use commercial land totaling 25,264.8 sq ft.
    • 4,680 sq ft building, one story, built in 2009.
    • Located at 422 Martin Road SE, Palm Bay, FL 32909.
    • General Commercial zoning allows for multiple uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon 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
    -80.6212224
    Latitude
    27.9902666

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    FAQs

    What type of property is this?
    Land - Mixed-use building, prime location
    Where is this land located?
    The property is located at 422 Martin Rd Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: $1,225,000 asking price.; Mixed-use commercial land totaling 25,264.8 sq ft.; 4,680 sq ft building, one story, built in 2009.
    Request Owner's contact information
    422 Martin Rd 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
    422 Martin Rd Palm Bay, FL 32909
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