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    400 Jonal Ln Palm Bay, FL 32909

    Sponsored
    For Sale
    $180,000

    2.03 Acres, Prime Location, No HOA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    Exceptional 88,427 square foot commercial and residential lot in Palm Bay, Florida, presents a unique investment opportunity. Located in the desirable Pine Ridge Estates Subdivision Phase #2, this 2.03-acre parcel boasts 204.57 feet of road frontage. The property is zoned for single-family residential use and offers significant advantages: city water availability, no HOA fees, and a favorable flood zone designation (X), eliminating the need for flood insurance. Furthermore, there's no online evidence of wetlands on the property. Enjoy convenient access to local amenities, including a Publix supermarket less than a mile away, Bayside High and Westside Elementary Schools within a short drive, and Melbourne International Airport approximately 13.5 miles away. Beach access in Indialantic is also conveniently located, just 35 minutes from the property. The property's address is 400 Jonal Lane SE, Palm Bay, FL 32909. Detailed driving directions from I-95 Exit 173 are available upon request. This property offers a compelling combination of location, zoning, and features, making it an ideal investment for developers or those seeking a prime location for future development.

    Property Features for 400 Jonal Ln

    General Information

    Property type
    Land

    HighLights

    • $180,000 asking price.
    • 2.03‑acre commercial and residential land parcel.
    • 88,427 square foot lot size.
    • Located in Palm Bay, FL, in the Pine Ridge Estates Subdivision.
    • No HOA fees and located in a flood zone X.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.662499
    Latitude
    27.955339

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    FAQs

    What type of property is this?
    Land - 2.03 Acres, Prime Location, No HOA
    Where is this land located?
    The property is located at 400 Jonal Ln Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: $180,000 asking price.; 2.03-acre commercial and residential land parcel.; 88,427 square foot lot size.
    Request Owner's contact information
    400 Jonal Ln 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
    400 Jonal Ln Palm Bay, FL 32909
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