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    240 Interstate Ct Palm Bay, FL 32909

    For Sale
    $2,000,000

    12,320 SF Warehouse, 1.16 Acres

    Property size:
    12,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 12,320-square-foot warehouse, situated on a spacious 1.16-acre lot in Palm Bay, Florida, presents a compelling investment opportunity. Built in 1997, the single-story concrete block structure features a stucco exterior and architectural shutters covering all windows. The property boasts four dock-high doors, facilitating efficient loading and unloading operations. Inside, a 12-foot ceiling height provides ample vertical space for storage and operations. The property is zoned LI and offers convenient access via two ingress/egress driveways directly off Interstate Court SE. Ample parking is provided with approximately 60 spaces, exceeding current zoning requirements for an office building. The well-maintained building benefits from a good condition shingle roof and a meticulously landscaped lot. Located at 240 Interstate Ct SE, Palm Bay, FL 32909, this property combines functionality and location in a thriving market. The property's solid construction, generous parking, and strategic location make it an ideal choice for a variety of industrial and mixed-use applications. This turnkey warehouse is ready for immediate occupancy. The address is 240 Interstate Ct SE, Palm Bay, FL 32909.

    Property Features for 240 Interstate Ct

    General Information

    Property type
    Distribution properties
    Square Feet
    12,320 SF
    Lot Size
    536,659,200 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1

    HighLights

    • $2,000,000 asking price for a 12,320 square foot warehouse.
    • 1997 construction, single‑story building on a 1.16‑acre lot in Palm Bay, FL.
    • LI zoning, featuring four dock‑high doors and 12' ceiling height.
    • Concrete block construction with stucco exterior and architectural shutters.
    • Well‑maintained property with ample parking (approx. 60 spaces) and two driveways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6264155
    Latitude
    27.9939359

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    FAQs

    What type of property is this?
    Distribution property - 12,320 SF Warehouse, 1.16 Acres
    Where is this distribution property located?
    The property is located at 240 Interstate Ct Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price for a 12,320 square foot warehouse.; 1997 construction, single-story building on a 1.16-acre lot in Palm Bay, FL.; LI zoning, featuring four dock-high doors and 12' ceiling height.
    Request Owner's contact information
    240 Interstate Ct 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
    240 Interstate Ct Palm Bay, FL 32909
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