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    Property profile & analytics

    1515 Prt Malabar NE Blvd Palm Bay, FL 32905-5437

    • Assisted living facilities
    • 33,734 SF
    • 3.35 lot acres
    OFF-MARKET
    Value Estimation
    $10,880,000
    Last Sale
    Apr 06, 2020
    $10,400,000
    Location Intelligence
    Property ID
    US18-3064424
    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

    • Assisted living facilities

    Property Details for 1515 Prt Malabar NE Blvd

    Year built
    1983
    Construction
    WOOD
    Lot size
    3.35 lot acres
    Property size
    33,734 SF
    Zone code
    PUD
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    28-37-26-00-00505.0-0000.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $10,830,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,850,000
      6.5%
      $10,860,000
      7%
      $9,960,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,445,000
      Geo Method
      $9,795,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $12,685,000
      Retail
      $9,835,000
      Mixed-Use
      $10,590,000
      Hospitality
      $12,270,000
      Educational
      $12,745,000
      Residential Income
      $12,985,000
      Energy
      $12,990,000
      Income-Based Land
      $12,435,000
      Food Service
      $12,100,000

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6049
    Latitude
    28.0196
    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
    $40,561
    $452,600
    $1,508,880
    $1,961,480
    -
    $452,600
    $1,508,880
    $1,961,480

    Comparable in this City

    • Value Estimation
      $10,235,000
      49,724 SF

      5405 Babcock NE St

      HOMES (RETIRED, NURSING) • 49,724 SF
      5405 Babcock NE St, Palm Bay, FL 32905-5020
      View Details
    • Value Estimation by Request
      61,481 SF

      5491 Pinewood NE Dr

      HOMES (RETIRED, NURSING) • 61,481 SF
      5491 Pinewood NE Dr, Palm Bay, FL 32905-2967
      View Details
    • Value Estimation by Request
      35,139 SF

      2800 Fordham Rd Nerth

      HOMES (RETIRED, NURSING) • 35,139 SF
      2800 Fordham Rd Nerth, Palm Bay, FL 32905-4312
      View Details
    • Value Estimation by Request
      10,867 SF

      1091 Prt Malabar NE Blvd

      MEDICAL BUILDING • 10,867 SF
      1091 Prt Malabar NE Blvd, Palm Bay, FL 32905-5100
      View Details
    • Value Estimation by Request
      4,949 SF

      1761 Palm Bay NE Rd

      DENTAL BUILDING • 4,949 SF
      1761 Palm Bay NE Rd, Palm Bay, FL 32905-2902
      View Details
    • Value Estimation
      $290,000
      1,372 SF

      1452 Bellaire NE Ln

      DENTAL BUILDING • 1,372 SF
      1452 Bellaire NE Ln, Palm Bay, FL 32905-3902
      View Details

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    Similar Nearby for Lease

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      65,708 SF

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      Multi-tenant office suites, prime location
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      View Details
    • $18 SF/Yr
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      480 sq ft Warehouse, Great Location
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      View Details
    • $15 SF/Yr
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      Palm Bay Road Retail Opportunity

      Prime Retail Space, High-Growth Area
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      View Details
    • $18 SF/Yr
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      Palm Bay Warehouse Space for Lease

      480 sq ft Warehouse - $750/month
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      View Details
    • $18 SF/Yr
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      1,000 sq ft Warehouse - Dow Rd
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    • $9 SF/Yr
      171,000 SF

      Woodlake Commerce Park Office Space

      8,150 SF Office, Flexible Layout
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      View Details
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    Palm Bay, FL 32905-5437
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    Realmo Value Estimation

    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.

    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.

    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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