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    316 Deer Run Rd Palm Bay, FL 32909

    For Sale
    $150,000

    2.53-Acre Commercial Lot, Equestrian Community

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 110,207 square foot commercial lot presents a unique investment opportunity in the desirable Deer Run community of Palm Bay, Florida. Located at 316 Deer Run Road, zip code 32909, this 2.53-acre parcel is situated within a deed-restricted equestrian community, allowing for one horse per acre. The property benefits from a low annual HOA fee of $230, providing access to community amenities including tennis courts and a clubhouse/recreation room. Minimum home square footage requirements within the community are 2000 square feet. This prime location offers convenient access to I-95 and Heritage Parkway, enhancing its appeal for both residential and commercial development. The property's zoning and potential uses should be verified independently. The asking price for this remarkable land parcel is $150,000. This represents a compelling opportunity to acquire a substantial land holding in a sought-after equestrian community with excellent infrastructure access. Serious inquiries are encouraged.

    Property Features for 316 Deer Run Rd

    General Information

    Property type
    Land

    HighLights

    • $150,000 asking price.
    • 110,207 square foot lot.
    • Located at 316 Deer Run Road, Palm Bay, FL 32909.
    • 2.53‑acre commercial land parcel in the Deer Run equestrian community.
    • HOA fees are $230 annually; community amenities include tennis courts and a clubhouse.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.65248
    Latitude
    27.876183

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    FAQs

    What type of property is this?
    Land - 2.53-Acre Commercial Lot, Equestrian Community
    Where is this land located?
    The property is located at 316 Deer Run Rd Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: $150,000 asking price.; 110,207 square foot lot.; Located at 316 Deer Run Road, Palm Bay, FL 32909.
    Request Owner's contact information
    316 Deer Run 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
    316 Deer Run Rd Palm Bay, FL 32909
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