Property profile

1179 Malabar NE Rd Palm Bay, FL 32907

OFF-MARKET
Drive through restaurants
Property ID
US18-3822856
6,630 SF 0.95 ac lot Built 1986
Entity Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,630 SF
Lot 0.95 ac (41,382 SF)
Zoning code CC
APN 28-37-33-00-00511.1-0000.00
UPID US18-3822856

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
  • Restaurant Take-out & Catering
  • Atm

Location

1179 Malabar NE Rd Palm Bay, FL 32907-3257
Palm Bay metro Census 71351 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$844k
Blend (final) Blend
$705k

Owner & transaction history

since 2008
1 recorded transaction
2008
$980,100

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

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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