1061 Serenade St Palm Bay, FL 32907
This exceptional 10,019 square foot commercial and residential land parcel is situated in the desirable Port Malabar Unit 14 area of Palm Bay, Florida. Priced at $44,000, this 0.23-acre lot presents a unique opportunity for development. Its northwest location offers added privacy due to a rear drainage canal. The property enjoys convenient proximity to essential amenities, including a Winn Dixie supermarket (2.6 miles/6 minutes), McAuliffe Elementary School (2.8 miles/6 minutes), Melbourne Airport (10 miles/22 minutes), and the beaches of Indialantic (13.1 miles/29 minutes). Access is straightforward: From I-95 exit 176, travel west on Palm Bay Road for 0.7 miles, turn left onto Minton Road for 0.2 miles, then right onto Emerson Drive for 1.5 miles. Turn left onto Jupiter Boulevard for 1.3 miles, and finally, turn right onto Serenade Street
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
Similar Nearby for Lease
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.