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    1183 Greenview Ct NE Palm Bay, FL 32907
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    1183 Greenview Ct NE Palm Bay, FL 32907

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    • Mobile home & RV parks
    For Sale
    $40,000
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    55+ Community in Palm Bay For Sale
    $40,000

    55+ Community in Palm Bay

    Gated 55+ community with resident-owned homes and amenities.

    1183 Greenview Court NE, Palm Bay, FL 32907
    View Listing
    Property ID
    US18-1990805
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 1183 Greenview Ct NE

    Property type
    Mobile home & RV parks

    Description

    Holiday Park is a well-established, 55+ gated community in Palm Bay, Florida, known for its resident-owned manufactured homes and fantastic amenities. It features two pools (one heated), a community clubhouse, a self-service laundromat, and 24-hour gated security. The park has over 700 homesites and offers recreational activities and social events through its active homeowners association, fostering a vibrant and engaging atmosphere for its residents. Additionally, Holiday Park residents benefit from well-maintained green spaces, cable service, and regular lawn care, all covered by an annual assessment fee .

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6389761
    Latitude
    28.0081511

    Comparable in this City

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      Palm Bay Multifamily Development Land

      1.97 acre multifamily lot zoned for up to 25 units.
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      Residential Land in Palm Bay

      Vacant land in a growing area, owner financing available.
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      Wooded Lot in Palm Bay

      Wooded lot in established neighborhood with building plans included.
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    • $695,000
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      Palm Bay Commercial Land Parcel

      6.5-acre commercial land parcel in Palm Bay, Florida.
      Krassner Dr, Palm Bay, FL 32907
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      Residential Lot in Palm Bay

      Residential lot suitable for building or investment in Palm Bay.
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    • $95,000
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      Residential Lot in Palm Bay

      Residential vacant lot in a growing Palm Bay area.
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    Similar Nearby for Sale

    • $720,000
      1.97 Acres

      Palm Bay Multifamily Development Land

      1.97 acre multifamily lot zoned for up to 25 units.
      1460 Par St NE, Palm Bay, FL 32907
      View Details
    • $65,000
      0.24 Acres

      Residential Land in Palm Bay

      Vacant land in a growing area, owner financing available.
      544 Hobart Ave NW, Palm Bay, FL 32907
      View Details
    • $44,999
      0.23 Acres

      Wooded Lot in Palm Bay

      Wooded lot in established neighborhood with building plans included.
      1720 Lantana Ct NW, Palm Bay, FL 32907
      View Details
    • $695,000
      6.52 Acres

      Palm Bay Commercial Land Parcel

      6.5-acre commercial land parcel in Palm Bay, Florida.
      Krassner Dr, Palm Bay, FL 32907
      View Details
    • $39,000
      0.23 Acres

      Residential Lot in Palm Bay

      Residential lot suitable for building or investment in Palm Bay.
      133 Hillcock Ave NW, Palm Bay, FL 32907
      View Details
    • $95,000
      0.23 Acres

      Residential Lot in Palm Bay

      Residential vacant lot in a growing Palm Bay area.
      556 NE Burlington Ave NE, Palm Bay, FL 32907
      View Details

    Similar Nearby for Lease

    • $5,246 /Mo
      18,505 SF

      Palm Bay Professional Office Space

      First-floor office with reception, offices, bullpen, and conference room.
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      4,389 SF

      Retail Space in Palm Bay

      Retail space available at busy intersection in Palm Bay, FL.
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      Palm Bay Office Space Available

      Office space available for rent in Palm Bay, Florida.
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      Minton Road Outparcels For Lease

      High-visibility commercial land parcels available for lease in Palm Bay.
      6370 Minton Rd, Palm Bay, FL 32907
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      4,557 SF

      Palm Bay Office Space Available

      Office space with high traffic location and ample parking.
      6050 Babcock St Southeast, Palm Bay, FL 32907
      View Details
    View Listing
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    Palm Bay, FL 32907
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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