Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3338 Anhinga Ave Palm Bay, FL 32908

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3338 Anhinga Ave

    Property type
    Land

    Description

    This 10,019 square foot commercial lot, located at 3338 Anhinga Avenue SW in Palm Bay, Florida (zip code 32908), presents a compelling investment opportunity. Currently vacant and lacking utilities, this property is not yet buildable, but its 0.23-acre size and convenient road access offer significant potential for future development. Situated in Port Malabar Unit #51, the lot benefits from the ongoing growth and expansion of Palm Bay. While buyers are advised to conduct their own due diligence to confirm suitability for their specific investment goals, the property's location within a rapidly developing area suggests strong long-term prospects. The asking price is $15,000. Nearby attractions and the anticipation of future infrastructure improvements further enhance the property's appeal as a strategic investment or a site for recreational purposes. The property is classified as commercial land. This represents a chance to acquire a piece of Palm Bay's future. Potential buyers should independently verify all aspects of the property and its suitability for their intended use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6975
    Latitude
    27.9123

    Comparable in this City

    • Value Estimation by Request

      2846 Fitzpatrick Cor Fountain Ave

      Land
      2846 Fitzpatrick Cor Fountain Ave, Palm Bay, FL 32908
      View Details
    • Value Estimation by Request

      307 Labra Rd

      Land
      307 Labra Rd, Palm Bay, FL 32908
      View Details
    • Value Estimation by Request

      1633 Drake Ave

      Land
      1633 Drake Ave, Palm Bay, FL 32908
      View Details
    • Value Estimation by Request

      1069 Rouse Cir

      Land
      1069 Rouse Cir, Palm Bay, FL 32908
      View Details
    • Value Estimation by Request

      449 Denmark St

      Land
      449 Denmark St, Palm Bay, FL 32908
      View Details
    • Value Estimation by Request

      1946 Kaufman Ave

      Land
      1946 Kaufman Ave, Palm Bay, FL 32908
      View Details

    Similar Nearby for Sale

    • $48,000

      Palm Bay Commercial Land - $48K

      Prime 10,000+ sq ft lot, mixed-use potential.
      1311 Wing Rd, Palm Bay, FL 32908
      View Details
    • $35,000

      Palm Bay Land Investment Opportunity

      0.23-acre lot, road access, $35,000
      2860 Woodstock Dr, Palm Bay, FL 32908
      View Details
    • $40,000

      Palm Bay Commercial Land Investment

      10,019 SF Vacant Land, Prime Location
      590 St Andre Blvd, Palm Bay, FL 32908
      View Details
    • $30,000

      Palm Bay Commercial Land - $30K

      10,019 sq ft lot, ideal for mixed-use development.
      1633 Drake Ave, Palm Bay, FL 32908
      View Details
    • $35,000

      Palm Bay Commercial Land for Sale

      .35-acre lot, ideal for development. Prime location.
      624 Lynn St, Palm Bay, FL 32908
      View Details
    • $47,900

      Prime Palm Bay Commercial Land

      10,019 SF Lot, Shovel-Ready
      818 Schomer Ave, Palm Bay, FL 32908
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercially Zoned Land for Lease

      Commercially zoned land with high visibility available for lease.
      1840 Kara Pl, Palm Bay, FL 32908
      View Details
    • Contact for pricing
      5 SF

      Commercially Zoned Land on Malabar

      Commercially zoned land with extensive development possibilities and excellent visibility.
      1843 Malabar Rd, Palm Bay, FL 32908
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3338 Anhinga Ave
    Palm Bay, FL 32908
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.