Property profile

1103 Malabar NE Rd Palm Bay, FL 32907

OFF-MARKET
Retail space
Property ID
US18-6553424
6,066 SF 0.96 ac lot Built 1994
Entity Owned 29-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,066 SF
Lot 0.96 ac (41,818 SF)
Zoning code CC
APN 28-37-33-00-00522.0-0000.00
UPID US18-6553424

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

1103 Malabar NE Rd Palm Bay, FL 32907-3261
Palm Bay metro Census 71351 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.08M
Comparable Approach Comparable
$567k
Blend (final) Blend
$910k

Owner & transaction history

since 1997
1 recorded transaction
1997
$270,000

Zoning & alternative use

CC · Palm Bay, FL
Zoning description

The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the surrounding community primarily located at or near the intersection of arterial road…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.4M +30.3%
Office building $1.2M +16.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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