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Property profile & analytics
OFF-MARKET
Strip malls
1504 Palm Bay Rd Palm Bay, FL 32905-3852
Entity Owned
Free & Clear
Property ID
US18-4402180
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,196 SF
Lot
0.21 ac (9,148 SF)
Zoning code
CC
APN
28-37-21-50-01692.0-0044.00
UPID
US18-4402180
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bella 1504 LLC
Bella 1504 LLC
since 2025
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
CC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the surrounding community primarily located at or near the intersection of arterial roadways.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,035.88 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,843
Tax year 2023
Assessed value
$194,650
Assessed 2023
Previous assessed
$194,650
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$76,500
Assessed improvement
$118,150
Land market value
$76,500
Improvement market value
$118,150
Total market value
$194,650
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
4
Total area
2,196 SF
Lot
0.21 ac (9,148 SF)
Zoning code
CC
APN
28-37-21-50-01692.0-0044.00
UPID
US18-4402180
Jurisdiction
BREVARD
Zoning & alternative use
CC · Palm Bay, FLZoning CC · permitted uses
CC · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the surrounding community primarily located at or near the intersection of arterial roadways.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,035.88 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
Bella 1504 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1504 PALM BAY RD, PALM BAY, FL 32905-3852
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
—
Bella 1504 LLC
Luke Thomas
Quitclaim Deed
related
—
May 12, 2025
$300,000
Luke Thomas
Strawberry Lowes INC
Warranty Deed
$200,000 · Not Available
Sep 10, 2024
—
Strawberry Lowes INC
Adeja Lowe
Quit Claim Deed
related
—
Jun 22, 2023
—
Adeja Lowe
Clarence Lowe
Intrafamily Transfer
related
—
Aug 2, 2012
$175,000
Clarence Lowe
Sherrif,norris & Elecia
Warranty Deed
$150,000 · Norris & Elecia Sherrif
—
—
Norris K Sherrif
—
Deed Of Trust
related
$80,000 · Riverside National Bank
—
—
Norris Sherrif
—
Deed Of Trust
related
$2,015 · Barnett Bank
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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