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Property profile & analytics
OFF-MARKET
Estimated value
$15,675,000
Office buildings
1391 Clearmont NE St 101 Palm Bay, FL 32905
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-6086831
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
85,667 SF
Lot
34.94 ac (1,521,986 SF)
Zoning code
LI
APN
28-37-23-FN-00005.0-0001.00
UPID
US18-6086831
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
$19.13M
Comparable Approach
Comparable
$14.58M
Blend (final)
Blend
$15.68M
Owner & transaction history
Arnaldo Torres Aponte · 4 yrs held
Arnaldo Torres Aponte
since 2022
1 recorded transaction
Zoning & alternative use
LI · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.1M
+47.8%
Retail stores
$14.7M
+13.5%
Medical building
$13.7M
+5.8%
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%
$20,725,000
6.5%
$19,130,000
7%
$17,765,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,950,000
Current use
AUTO REPAIR, GARAGE
$19,140,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$14,695,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$13,710,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$11,730,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$15.68M
Range $14.11M – $17.24M · ±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
$183 / 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
$166,340
Tax year 2023
Assessed value
$8,986,120
Assessed 2023
Previous assessed
$8,822,650
+1.9% YoY
Effective rate
1.85%
On assessed value
Assessed land
$3,044,340
Assessed improvement
$5,941,780
Land market value
$3,044,340
Improvement market value
$5,941,780
Total market value
$8,986,120
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Bathrooms
2
Total area
85,667 SF
Lot
34.94 ac (1,521,986 SF)
Zoning code
LI
APN
28-37-23-FN-00005.0-0001.00
UPID
US18-6086831
Jurisdiction
BREVARD
Zoning & alternative use
LI · Palm Bay, FL
Zoning LI · permitted uses
LI · 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
OFFICE BUILDING Current
Est. value
$13.0M
AUTO REPAIR, GARAGE
Est. value
$19.1M
RETAIL STORES
Est. value
$14.7M
MEDICAL BUILDING
Est. value
$13.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
1
Bathrooms
2
Lot
34.94 ac
Current owner
From public records · entity-resolved
Arnaldo Torres Aponte
Individual
Free & Clear · 4 yrs held
Mailing address
TAX DEPT DEPARTMENT, MELBOURNE, FL 32901
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
—
Arnaldo Torres Aponte
Arturo Torres
Intrafamily Transfer
related
—
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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