1039 Hooper Ave Palm Bay, FL 32905
This exceptional 10,019 square foot commercial lot in Palm Bay, Florida, presents a unique investment opportunity. Located at 1039 Hooper Avenue NE, zip code 32905, this cleared and surveyed property boasts convenient access to city water and sewer, along with underground utilities and sidewalks. Its strategic location offers a blend of urban convenience and desirable lifestyle features. Nearby amenities include schools, shopping centers, and proximity to both the river and the ocean, as well as the city of Melbourne. The property is being offered at a full price of $79,500. An addendum detailing financing terms is included in the provided documentation and must accompany any contract. Owner financing is available, simplifying the acquisition process. A pre-existing home plan is on file, potentially streamlining the construction process for future development. Furthermore, a unique guarantee is offered: in the unlikely event of unforeseen issues, a replacement lot from the seller's inventory will be provided. This property is ready for immediate development and offers a compelling investment opportunity in a thriving Florida location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.