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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Apartment buildings
1111 Malabar Lks NE Dr, Palm Bay, FL 32905-4455
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6004064
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
7,426 SF
Lot
11.43 ac (497,891 SF)
Zoning code
RM10
APN
28-37-28-00-00505.0-0000.00
UPID
US18-6004064
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
$785k
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$854k
Blend (final)
Blend
$935k
Owner & transaction history
Hc Alliance II · 20 yrs held
Hc Alliance II
since 2005
7 recorded transactions
Zoning & alternative use
RM10 · 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
$785,000
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,170,000
7%
$1,085,000
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$126 / 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
$196,604
Tax year 2023
Assessed value
$13,165,230
Assessed 2023
Previous assessed
$12,823,230
+2.7% YoY
Effective rate
1.49%
On assessed value
Assessed land
$352,800
Assessed improvement
$12,812,430
Land market value
$352,800
Improvement market value
$12,812,430
Total market value
$13,165,230
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
15
Stories
2
Units
8
Rooms
48
Total area
7,426 SF
Lot
11.43 ac (497,891 SF)
Zoning code
RM10
APN
28-37-28-00-00505.0-0000.00
UPID
US18-6004064
Jurisdiction
BREVARD
Zoning & alternative use
RM10 · Palm Bay, FL
Zoning RM10 · permitted uses
RM10 · 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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
15
Units
8
Rooms
48
Lot
11.43 ac
Current owner
From public records · entity-resolved
Hc Alliance II
Individual
Free & Clear · 20 yrs held
Mailing address
12 COLLEGE RD, MONSEY, NY 10952-2821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2019
—
We Malabar Lakes LLC
—
Loan Modification
related
$12,825,000 · Capital One Fin'l
Aug 16, 2005
$272,700
Hc Alliance II
Jrc Property Gmo LLC
Grant Deed
—
Aug 16, 2005
$73,800
Hc Alliance II
Jrc Property Gmo LLC
Grant Deed
—
Aug 16, 2005
$2,444,100
Hc Alliance II
Jrc Property Ohare LLC
Grant Deed
$18,350,000 · Column Financial INC
Aug 16, 2005
$1,147,400
Hc Alliance II
Jrc Property Ohare LLC
Grant Deed
—
Aug 16, 2005
$2,832,200
Hc Alliance II
Jrc Property Ohare LLC
Grant Deed
—
Aug 16, 2005
$3,857,200
Hc Alliance II
Jrc Property Ohare LLC
Grant Deed
—
Aug 16, 2005
$864,400
Hc Alliance II
Jrc Property Ohare LLC
Grant Deed
—
Aug 16, 2005
$319,000
Hc Alliance II
Jrc Property Gmo LLC
Grant Deed
—
Aug 16, 2005
$2,084,800
Hc Alliance II
Jrc Property Gmo LLC
Grant Deed
—
Aug 16, 2005
$976,500
Hc Alliance II
Jrc Property Gmo LLC
Grant Deed
—
Aug 16, 2005
$2,148,900
Hc Alliance II
Jrc Malabar Lakes Of Park Village
Grant Deed
—
Aug 16, 2005
$422,800
Hc Alliance II
Jrc Property Gmo LLC
Grant Deed
—
Aug 16, 2005
$303,200
Hc Alliance II
Jrc Property Gmo LLC
Grant Deed
—
Aug 16, 2005
$603,700
Hc Alliance II
Jrc Malabar Lakes Of Park Village
Grant Deed
—
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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