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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Apartment buildings
1000 Woodlake NE Dr, Palm Bay, FL 32905-3207
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-3619342
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Construction
WOOD
Total area
7,253 SF
Lot
38.03 ac (1,656,587 SF)
Zoning code
RM20
APN
28-37-22-00-00008.0-0000.00
UPID
US18-3619342
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
AI Approach
AI
$735k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$905k
Owner & transaction history
Hf Ptshp LLP · 16 yrs held
Hf Ptshp LLP
since 2009
6 recorded transactions
Zoning & alternative use
RM20 · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palm Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Bay submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Blend value · Realmo final
$905k
Range $815k – $996k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$125 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$496,873
Tax year 2023
Assessed value
$44,373,410
Assessed 2023
Previous assessed
$39,761,930
+11.6% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,162,500
Assessed improvement
$43,210,910
Land market value
$1,162,500
Improvement market value
$43,210,910
Total market value
$44,373,410
Applied tax rate
34.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
78
Stories
2
Units
8
Total area
7,253 SF
Lot
38.03 ac (1,656,587 SF)
Zoning code
RM20
APN
28-37-22-00-00008.0-0000.00
UPID
US18-3619342
Jurisdiction
BREVARD
Zoning & alternative use
RM20 · Palm Bay, FL
Zoning RM20 · permitted uses
RM20 · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
78
Units
8
Lot
38.03 ac
Current owner
From public records · entity-resolved
Hf Ptshp LLP
Entity
Mailing address
PO BOX 60250, PALM BAY, FL 32906-0250
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2017
—
Hf Ptshp LLP
—
Deed
related
$4,000,000 · Northmarq Cap Fin
Dec 8, 2009
—
Hf Ptshp LLP
Hf Ptshp
Quit Claim Deed
related
—
—
—
Hf Ptshp LLP
—
Deed Of Trust
related
$13,500,000 · Amerisphere Multifamily Fin'l
—
—
Hf Ptshp LLP
—
Loan Modification
related
$15,000,000 · Amerisphere Multifamily Fin Ll
—
—
Hf Partnership LLP
—
Deed Of Trust
related
$2,000,000 · Amerisphere Multifamily Fin'l
—
—
Hf Ptshp LLP
—
Deed Of Trust
related
$4,000,000 · Northmarq Cap Fin
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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