Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
1430 Glenham NE Dr Palm Bay, FL 32905-4224
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-2490847
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,212 SF
Lot
0.48 ac (20,909 SF)
Zoning code
HC
APN
28-37-23-00-00775.0-0000.00
UPID
US18-2490847
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
$620k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$620k
Owner & transaction history
Hovis & Box 6 LLC · 2 yrs held
Hovis & Box 6 LLC
since 2024
Last sale
$621,615
7 recorded transactions
Zoning & alternative use
HC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$995,000
+104.8%
Auto repair, garage
$720,000
+47.8%
Retail stores
$550,000
+13.5%
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
$620,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$485,000
Current use
COMMERCIAL (GENERAL)
$995,000
Change: +105% · Conversion: Easy
AUTO REPAIR, GARAGE
$720,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$550,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$515,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$440,000
Change: -9% · Conversion: Difficult
WAREHOUSE, STORAGE
$415,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $622k (Jan 10 2024)
Last sale anchor
$622k
Jan 10 2024
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
$193 / 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
$7,893
Tax year 2023
Assessed value
$416,510
Assessed 2023
Previous assessed
$416,510
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$103,500
Assessed improvement
$313,010
Land market value
$103,500
Improvement market value
$313,010
Total market value
$416,510
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,212 SF
Lot
0.48 ac (20,909 SF)
Zoning code
HC
APN
28-37-23-00-00775.0-0000.00
UPID
US18-2490847
Jurisdiction
BREVARD
Zoning & alternative use
HC · Palm Bay, FL
Zoning HC · permitted uses
HC · 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
$485,000
COMMERCIAL (GENERAL)
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$720,000
RETAIL STORES
Est. value
$550,000
MEDICAL BUILDING
Est. value
$515,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$440,000
WAREHOUSE, STORAGE
Est. value
$415,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Hovis & Box 6 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3505 CARTER RD, MIMS, FL 32754-5328
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
Hovis & Box 6 LLC
—
Deed
related
$414,450 · Harvest Small Business Finance LLC
Jan 10, 2024
$621,615
Hovis & Box 6 LLC
Kamm 4 Kids Learning Academy Childc
Warranty Deed
—
Sep 23, 2022
$637,500
Kamm 4 Kids Learning Academy Childc
Capitals LLC
Warranty Deed
$624,000 · American Momentum Bank
Jun 11, 2019
$305,000
Capitals LLC
Geoff Fowler
Warranty Deed
$320,000 · Td Bank NA
Jun 11, 2019
—
Michael Giammattei
—
Deed
related
$320,000 · Td Bk NA
Dec 17, 2015
—
Geoff Fowler
Jestomiholdings LLC
Quit Claim Deed
related
—
Jul 17, 2007
—
Jestomi Holdings LLC
Fowler,geoff & Deborah
Quit Claim Deed
related
—
Nov 15, 2005
$342,000
Geoff Fowler
Yoo,stanley S & June C
Warranty Deed
—
—
—
Michael Giammattei
—
Deed Of Trust
related
$320,000 · Td Bk NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1430 Glenham NE Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
