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Property profile & analytics
OFF-MARKET
Land

297 Labra Rd Palm Bay, FL 32908

Property ID
Property summary
AI-generated overview

This exceptional 10,018.8 square foot lot presents a unique opportunity for commercial or residential development in desirable Palm Bay, Florida. Located at 297 Labra Road SW, this property offers significant potential. The land is zoned for both commercial and residential use, providing flexibility for a variety of development projects. Its convenient location offers easy access to key amenities. Within a short drive, residents and businesses will find Westside Elementary School, Publix Supermarket, Melbourne Airport, and the beaches of Indialantic. The property's proximity to I-95 (exit 176) ensures convenient commuting. Detailed driving directions are available: From I-95 exit 176, travel west on Palm Bay Road for 0.7 miles, then turn left onto Minton Road for 3.3 miles, right onto Jupiter Boulevard, immediately left onto DeGroodt Road for 4.3 miles, and finally left onto Labra Road. The asking price for this expansive lot is $44,500. This represents a compelling investment opportunity in a thriving Florida community. The property is comprised of two adjacent lots totaling 0.46 acres (approximately 10,018.8 sq ft). This substantial acreage provides ample space for a variety of development plans. The property's location offers a blend of convenience and tranquility, making it an ideal location for both residential and commercial ventures.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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