Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1470 Treeland Blvd Selab Palm Bay, FL 32909-2211

    • Office buildings
    • 36,747 SF
    • 3.70 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2025
    $3,400,000
    Value Estimations
    $3,525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5830781
    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

    • Office buildings

    Property Details for 1470 Treeland Blvd Selab

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.70 lot acres
    Property size
    36,747 SF
    Zone code
    LI
    Property type
    Office buildings
    APN
    29-37-09-MY-03042.0-0005.00
    APU
    293709MY030420000500

    Description

    This vacant, 35,793-square-foot industrial property in Palm Bay, Florida, is offered for sale at $4,200,000 ($117.34/SF). Located at 1470 Treeland Blvd SE, 32909, this Class B building sits on a 3.7-acre lot and boasts a versatile layout ideal for various uses, including flex, research & development, and manufacturing. Built in 1995, the property features a combination of office space, lab space, and specialized areas, including SCIF rooms. Amenities include reception areas (front and back), multiple perimeter offices, eight restrooms, an administrative wing, a kitchen/break area, a conference room, 3-phase power, backup generators, and a fire sprinkler system. Ample parking is available, and the property enjoys a campus-like setting with walkways and landscaping. The property is zoned L I and benefits from a convenient location within the Foundation Research Park, providing easy access to I-95, Port Canaveral, and Melbourne Orlando International Airport. This turnkey facility presents a significant opportunity for businesses seeking a high-quality, well-equipped space in a desirable location. The property is currently vacant and ready for immediate occupancy. The APN is 29-37-09-MY-3042-5. Lease type is NNN.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,580,000
      ML approach
      $3,680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,564,000
      Market price range: $2.51M - $7.19M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $5,705,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6294
    Latitude
    27.9834
    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
    $50,936
    $402,930
    $2,330,230
    $2,733,160
    -
    $402,930
    $2,330,230
    $2,733,160

    Comparable in this City

    • Value Estimation
      $1,810,000
      7,614 SF

      895 Carlyle SE Ave

      OFFICE BUILDING • 7,614 SF
      895 Carlyle SE Ave, Palm Bay, FL 32909-4524
      View Details
    • Value Estimation
      $620,000
      3,000 SF

      6170 Babcock SE St

      OFFICE BUILDING • 3,000 SF
      6170 Babcock SE St, Palm Bay, FL 32909-3901
      View Details
    • Value Estimation by Request
      3,035 SF

      170 Enterprise SE Ave

      OFFICE BUILDING (MULTI-STORY) • 3,035 SF
      170 Enterprise SE Ave, Palm Bay, FL 32909-3968
      View Details
    • Value Estimation
      $630,000
      4,664 SF

      3080 Jupiter SE Blvd

      PROFESSIONAL BUILDING • 4,664 SF
      3080 Jupiter SE Blvd, Palm Bay, FL 32909-4017
      View Details
    • Value Estimation
      $655,000
      3,070 SF

      1720 Convair SE St

      OFFICE BUILDING • 3,070 SF
      1720 Convair SE St, Palm Bay, FL 32909-3958
      View Details
    • Value Estimation
      $1,180,000
      5,171 SF

      1795 Eldron SE Blvd

      PROFESSIONAL BUILDING • 5,171 SF
      1795 Eldron SE Blvd, Palm Bay, FL 32909-6832
      View Details

    Similar Nearby for Sale

    • $448,000
      2,196 SF

      Palm Bay Office with Expansion Potential

      Office property in Palm Bay with room for expansion and storage.
      1853 Canova St SE, Palm Bay, FL 32909
      View Details
    • $45,000

      Palm Bay Commercial Land - $45K

      10,019 SF Commercial Lot, Prime Location
      3174 Tompkins Ave, Palm Bay, FL 32909
      View Details
    • $1,900,000

      Prime Sebastian Land Development Opportunity

      17.34 Acres, Commercial & Residential Potential
      0 Micco Rd, Sebastian, FL 32909
      View Details
    • $4,950,000

      Palm Bay Commercial Land

      18 Acres, Prime SE Location, $4.95M
      6950 Babcock St, Palm Bay, FL 32909
      View Details
    • $99,900

      Palm Bay Commercial Land - $99,900

      .47-acre commercial/residential land, Palm Bay, FL
      827 Lots St, Palm Bay, FL 32909
      View Details
    • $495,000

      Prime Palm Bay Commercial Land

      40,075 SF Commercial Lot - $495,000
      130 Greenacre Dr, Palm Bay, FL 32909
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      15,970 SF

      Palm Bay Retail Storefront Opportunity

      1,152 SF Retail Space Available in Palm Bay, FL
      3565 Jupiter Blvd, Palm Bay, FL 32909
      View Details
    • $20 SF/Yr
      2,065 SF

      Prime Assisted Living Facility

      Lease this 6-bed ALF in quiet SE location.
      291 Awin Cir, Palm Bay, FL 32909
      View Details
    • $1,100 /Mo
      900 SF

      Retail Space in Palm Bay

      Retail space available for lease in Palm Bay, Florida.
      1707 Canova St Se, Palm Bay, FL 32909
      View Details
    • $1,050 /Mo
      1,200 SF

      Office/Warehouse Unit For Rent

      1200 SF office/warehouse unit with loading door available for rent.
      360 Thor Ave SE, Palm Bay, FL 32909
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1470 Treeland Blvd Selab
    Palm Bay, FL 32909-2211
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.