2 Lots Rd Palm Bay, FL 32908
This exceptional 0.60-acre property, encompassing two combined lots at 2152 & 1196 Sapodilla & Pomonick Road in Palm Bay, Florida (zip code 32908), presents a unique investment opportunity. The land totals 16,117 square feet and includes a desirable corner lot location within an area known locally as "The Compound." Currently zoned for both commercial and residential use, this property is ideal for long-term investment. While not currently buildable due to incomplete infrastructure and lack of utilities, the property offers immediate recreational uses such as ATV riding, dirt biking, dog running, or outdoor games. Its strategic location provides convenient access to everyday amenities. A short eight-minute drive reaches Bayside Lakes shopping plazas, offering grocery stores, Walgreens, restaurants, and other conveniences. Westside Elementary and Bayside High schools are a five-minute drive away, and the bustling Malabar Road corridor is just ten minutes distant. The sellers make no representation regarding future buildability. The property is being sold as-is.
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
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.