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Property profile & analytics
OFF-MARKET
Commercial real estate

1039 Hooper Ave Palm Bay, FL 32905

Property ID
US18-5571533
Property summary
AI-generated overview

This exceptional 10,019 square foot commercial lot in Palm Bay, Florida, presents a unique investment opportunity. Located at 1039 Hooper Avenue NE, zip code 32905, this cleared and surveyed property boasts convenient access to city water and sewer, along with underground utilities and sidewalks. Its strategic location offers a blend of urban convenience and desirable lifestyle features. Nearby amenities include schools, shopping centers, and proximity to both the river and the ocean, as well as the city of Melbourne. The property is being offered at a full price of $79,500. An addendum detailing financing terms is included in the provided documentation and must accompany any contract. Owner financing is available, simplifying the acquisition process. A pre-existing home plan is on file, potentially streamlining the construction process for future development. Furthermore, a unique guarantee is offered: in the unlikely event of unforeseen issues, a replacement lot from the seller's inventory will be provided. This property is ready for immediate development and offers a compelling investment opportunity in a thriving Florida location.

Property profile
Verified
Property type Commercial real estate
UPID US18-5571533
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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