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Property profile & analytics
OFF-MARKET
Estimated value
$6,980,000
Automotive properties
1355 Culver NE Dr, Palm Bay, FL 32907-1185
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-2156683
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2016
Construction
STEEL FRAME
Total area
42,548 SF
Lot
24.05 ac (1,047,618 SF)
Zoning code
CC
APN
28-37-19-75-0000A.0-0000.00
UPID
US18-2156683
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.55M
Blend (final)
Blend
$6.98M
Owner & transaction history
Recreation World INC · 13 yrs held
Recreation World INC
since 2012
5 recorded transactions
Zoning & alternative use
CC · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,505,000
Current use
OFFICE BUILDING
$8,530,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$6.98M
Range $6.28M – $7.68M · ±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
$164 / 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
$117,674
Tax year 2023
Assessed value
$6,200,110
Assessed 2023
Previous assessed
$6,266,060
-1.1% YoY
Effective rate
1.90%
On assessed value
Assessed land
$1,792,070
Assessed improvement
$4,408,040
Land market value
$1,792,070
Improvement market value
$4,408,040
Total market value
$6,200,110
Applied tax rate
54.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
42,548 SF
Lot
24.05 ac (1,047,618 SF)
Zoning code
CC
APN
28-37-19-75-0000A.0-0000.00
UPID
US18-2156683
Jurisdiction
BREVARD
Zoning & alternative use
CC · Palm Bay, FL
Zoning CC · permitted uses
CC · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$9.5M
OFFICE BUILDING
Est. value
$8.5M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
24.05 ac
Current owner
From public records · entity-resolved
Recreation World INC
Entity
Mailing address
13906 W COLONIAL DR, WINTER GARDEN, FL 34787-4202
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
—
Recreation World INC
—
Deed
related
$4,241,182 · M & T Bank
Dec 31, 2012
$950,000
Recreation World INC
Redus Florida Land LLC
Grant Deed
—
Aug 18, 2011
$100
Redus Florida Land LLC
Deputy Marshal Of Brevard Cnty
Trustees Deed
related
—
Oct 25, 2005
$6,000,000
Palm Bay West Development LLC
Loan Acquisition Corp
Special Warranty Deed
$2,000,000 · Wachovia Bank NA
Aug 4, 1997
$386,500
Palm Bay Investors Ltd
Florida Decor Centre Lc
Grant Deed
$2,900,000 · Meditrust Mortgage Investments
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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