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    00 Unknown Palm Bay, FL 32904

    For Sale
    $2,500,000

    27 Acres, Residential Zoning, I-95 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 27-acre parcel presents a compelling investment opportunity in the thriving Palm Bay, Florida market. Boasting a substantial 1,176,120 square feet of undeveloped land, this property is zoned for residential use, aligning perfectly with the area's burgeoning growth. Its strategic location offers convenient access to Interstate 95 and St. Johns Parkway, ensuring excellent connectivity and accessibility. The surrounding area is experiencing significant new development, indicating strong potential for future appreciation. This expansive lot provides a blank canvas for a variety of residential projects, from single-family homes to multi-family developments. The asking price is $2,500,000. Given the property's size, location, and zoning, this represents a significant opportunity for investors seeking to capitalize on the robust Florida real estate market. The property is situated in Brevard County, Florida, with a Melbourne mailing address and a 32904 zip code. Detailed site plans and zoning information are readily available upon request. This is a rare chance to acquire a large, well-located parcel in a rapidly developing area. Don't miss this chance to secure a piece of Palm Bay's future.

    Property Features for 00 Unknown

    General Information

    Property type
    Land

    HighLights

    • 27‑acre parcel in Palm Bay, FL, zoned residential.
    • 1,176,120 square feet of undeveloped land.
    • Excellent access to I‑95 and St. Johns Parkway.
    • Strong potential for appreciation due to surrounding development.
    • Asking price: $2,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.7879407
    Latitude
    27.966866

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    FAQs

    What type of property is this?
    Land - 27 Acres, Residential Zoning, I-95 Access
    Where is this land located?
    The property is located at 00 Unknown Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 27-acre parcel in Palm Bay, FL, zoned residential.; 1,176,120 square feet of undeveloped land.; Excellent access to I-95 and St. Johns Parkway.
    Request Owner's contact information
    00 Unknown Palm Bay, FL 32904
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    00 Unknown
    Palm Bay, FL 32904
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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
    00 Unknown Palm Bay, FL 32904
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