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    Property profile & analytics

    142 Malabar Rd Sw Palm Bay, FL

    • Strip malls
    • 6,725 SF
    • 0.89 lot acres
    For Lease
    View listing
    Last Sale
    Nov 19, 2021
    $1,495,000
    Value Estimations
    $1,530,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3610434
    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.

    Current Use by Public Records

    • Strip malls

    Property Details for 142 Malabar Rd Sw

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.89 lot acres
    Property size
    6,725 SF
    Zone code
    CC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    29-36-01-00-00009.0-0000.00
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,795,000
      ML approach
      $1,725,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,495,000
      6.5%
      $1,380,000
      7%
      $1,280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,279,000
      Market price range: $485k - $1.47M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $920,000
      Current use
      COMMERCIAL (GENERAL)
      $2,080,000
      Change: +126% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,505,000
      Change: +63% Conversion: Difficult
      OFFICE BUILDING
      $1,350,000
      Change: +46% Conversion: Moderate
      RETAIL STORES
      $1,155,000
      Change: +25% Conversion: Easy
      MEDICAL BUILDING
      $1,075,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6738
    Latitude
    27.9986
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,156
    $256,600
    $624,840
    $881,440
    -
    $256,600
    $624,840
    $881,440

    Comparable in this City

    • Value Estimation
      $12,460,000
      91,389 SF

      160 Malabar SW Rd

      SHOPPING CENTER, STRIP CENTER • 91,389 SF
      160 Malabar SW Rd, Palm Bay, FL 32907-2911
      View Details
    • Value Estimation by Request
      2,640 SF

      1384 Malabar SE Rd

      SHOPPING CENTER, STRIP CENTER • 2,640 SF
      1384 Malabar SE Rd, Palm Bay, FL 32907-2548
      View Details
    • Value Estimation
      $1,250,000
      2,340 SF

      1308 Malabar SE Rd

      SHOPPING CENTER, STRIP CENTER • 2,340 SF
      1308 Malabar SE Rd, Palm Bay, FL 32907-3401
      View Details
    • Value Estimation
      $1,645,000
      15,224 SF

      5070 Minton NW Rd

      SHOPPING CENTER, STRIP CENTER • 15,224 SF
      5070 Minton NW Rd, Palm Bay, FL 32907-1157
      View Details
    • Value Estimation
      $620,000
      4,342 SF

      6295 Minton NE Rd, Unit 2

      SHOPPING CENTER, STRIP CENTER • 4,342 SF
      6295 Minton NE Rd, Palm Bay, FL 32907-3013
      View Details
    • Value Estimation by Request
      3,200 SF

      1346 Malabar SE Rd

      SHOPPING CENTER, STRIP CENTER • 3,200 SF
      1346 Malabar SE Rd, Palm Bay, FL 32907-3400
      View Details

    Similar Nearby for Sale

    • $150,000

      Palm Bay Retail Business Opportunity

      Established Business, High-Growth Area, $150K
      5108 Minton Rd, Palm Bay, FL 32907
      View Details
    • $99,999
      0.47 Acres

      Vacant Corner Lot in Palm Bay

      Vacant corner lot in a rapidly growing Palm Bay area.
      149 Wisteria Ave NW, 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
    • $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
    • $45,000
      Pending

      Palm Bay Corner Lot

      Corner lot ready for construction in Palm Bay, Florida.
      491 Helicon Ave 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

    Similar Nearby for Lease

    • Contact for pricing
      5,918 SF

      Unique Restaurant and Retail Opportunity

      Former museum spaces ideal for restaurant, food hall, or retail.
      1510-1520 Highland Ave, Melbourne, FL 32907
      View Details
    • $4,000 /Mo
      Pending

      Retail Space on Malabar Road

      Retail space with flexible layout and fenced rear exterior.
      1344 Malabar Rd SE, Palm Bay, FL 32907
      View Details
    • $17 SF/Yr
      82,764 SF

      Palm Bay Commercial Land Lease

      1.9 Acres, High-Traffic Location
      1240 Malabar Rd, Palm Bay, FL 32907
      View Details
    • $17 SF/Yr
      9,010 SF

      Malabar Road Office Complex

      Palm Bay Office/Retail Space Available
      1326 Malabar Rd, Palm Bay, FL 32907
      View Details
    • $800 /Mo

      Office Space in Palm Bay

      Clean office space with convenient location and flexible layout.
      1418 NE Norman St, Palm Bay, FL 32907
      View Details
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    142 Malabar Rd Sw
    Palm Bay, FL
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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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