1500 Main NE St Palm Bay, FL 32905-3645
Property profile & analytics
1500 Main NE St, Palm Bay, FL 32905-3645
- Warehouses
- 11,800 SF
- 0.55 lot acres
Property ID
US18-2465917
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 1500 Main NE St
- Year built
- 1977
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.55 lot acres
- Zone code
- HC
- Property type
- Warehouses
- APN
- 28-37-24-25-00018.0-0007.00
- APU
- 9223372036854775807
Description
This exceptional mixed-use industrial property, located at 1500 Main St NE, Palm Bay, FL 32905, presents a compelling investment opportunity. The 12,000 square foot building, situated on a 0.55-acre corner lot, boasts two buildings and two stories. The property features approximately 6,720 square feet of finished space, including HVAC office space and warehouse area, plus an additional approximately 5,280 square feet of unfinished storage/attic space. The building includes three 9' wide x 7' tall and one 9' wide x 10' tall grade-level doors, a concrete warehouse floor with approximately 8'6" ceiling height, and city water/sewer and FPL electric service. Currently 100% occupied with a single tenant, generating a monthly income of $7,000 and a 2024 estimated NOI of $64,000, representing a 5.57% capitalization rate. The lease is a modified type with a remaining term of 0.7 years, expiring July 31, 2025. The property is fully fenced and gated, mostly cleared, and partially paved. It is zoned City of Palm Bay Highway Commercial (HC), allowing for a variety of uses including contractor's office with outdoor storage, automotive, retail, and daycare. The property's prime location in northeast Palm Bay, near major employers like L3Harris, Leonardo DRS, Tibbetts Lumber, and ABC Supply, offers excellent access to Downtown Melbourne, Hammock Landing Mall, and area beaches. The APN is 28-37-24-25-18-7. This is a Class B property with private ownership. Do not disturb the occupant.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,438,000
- AI Estimate
- $1,482,000
Market price range: $1.02M - $2.50MMarket price range: $394k - $2.58M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,480,000 Current use
- MEDICAL BUILDING
- $1,830,000 Change: +24% Conversion: Difficult
- OFFICE BUILDING
- $1,785,000 Change: +21% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.5846
- Latitude
- 28.035
- 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
$8,243
$60,000
$527,450
$587,450
-
$60,000
$527,450
$587,450
