Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1516 Palm Bay Rd Palm Bay, FL 32905-3859

    • Retail space
    • 4,788 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Apr 15, 2020
    $400,000
    Location Intelligence
    Property ID
    US18-3875101
    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

    • Retail space

    Property Details for 1516 Palm Bay Rd

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.41 lot acres
    Property size
    4,788 SF
    Zone code
    CC
    Property type
    Retail space
    APN
    28-37-21-50-01692.0-0046.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $340,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $340,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $415,000
      Mixed-Use
      $390,000
      Hospitality
      $415,000
      Educational
      $400,000
      Residential Income
      $400,000
      Energy
      $300,000
      Income-Based Land
      $380,000
      Food Service
      $405,000

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6268
    Latitude
    28.0347
    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
    $9,573
    $153,000
    $318,320
    $471,320
    -
    $153,000
    $318,320
    $471,320

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      Palm Bay, FL 32905

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      Palm Bay, FL 32905
      View Details
    • Value Estimation by Request
      746 SF

      2040 Palm Bay Rd Ne Ste, Unit 3

      RETAIL STORES (PERSONAL SERVICES) • 746 SF
      2040 Palm Bay Rd Ne Ste, Palm Bay, FL 32905-2976
      View Details
    • Value Estimation by Request
      746 SF

      2000 Palm Bay Rd Ne Ste, Unit 6

      RETAIL STORES (PERSONAL SERVICES) • 746 SF
      2000 Palm Bay Rd Ne Ste, Palm Bay, FL 32905-2975
      View Details
    • Value Estimation by Request
      746 SF

      2040 Palm Bay Rd Ne Ste, Unit 6

      RETAIL STORES (PERSONAL SERVICES) • 746 SF
      2040 Palm Bay Rd Ne Ste, Palm Bay, FL 32905-2976
      View Details
    • Value Estimation by Request
      746 SF

      2000 Palm Bay Rd Ne Ste, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 746 SF
      2000 Palm Bay Rd Ne Ste, Palm Bay, FL 32905-2975
      View Details
    • Value Estimation by Request
      15,827 SF

      Palm Bay, FL 32905

      RETAIL STORES (PERSONAL SERVICES) • 15,827 SF
      Palm Bay, FL 32905
      View Details

    Similar Nearby for Sale

    • $1,400,000
      6,100 SF

      Palm Bay Retail Investment Opportunity

      6,100 SF Building, 50 Parking Spaces
      5015A Babcock St, Palm Bay, FL 32905
      View Details
    • $640,000

      Prime Palm Bay Retail Opportunity

      Successful Restaurant, High-Demand Location
      2155 Palm Bay Rd, Palm Bay, FL 32905
      View Details
    • $325,000
      1,870 SF

      Palm Bay Retail Space - $325K

      Vacant 1870 sq ft retail space, Palm Bay, FL
      2179 Julian Ave, Palm Bay, FL 32905
      View Details
    • $1,400,000
      6,100 SF

      Palm Bay Retail Investment Opportunity

      6,100 SF Retail Building, High Traffic Area
      5015a Babcock St, Palm Bay, FL 32905
      View Details
    • $10,750,000

      Palm Bay Retail Development Land

      21.83 acres PUD zoned land ideal for retail development.
      3370 Dixie Hwy NE, Palm Bay, FL 32905
      View Details
    • $395,000
      1,870 SF

      Palm Bay Commercial Opportunity

      Well-maintained commercial space suitable for medical, dental, or professional office.
      2179 Julian Ave NE, Palm Bay, FL 32905
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,204 SF

      Retail Space Near L3Harris

      Commercial property for ground lease or build-to-suit near L3Harris.
      2280 Harris Ave NE, Palm Bay, FL 32905
      View Details
    • $15 SF/Yr
      1,750 SF

      Retail Space Near New Apartments

      Retail spaces available near Indian River Flats apartment complex.
      4700 Dixie Hwy NE, Palm Bay, FL 32905
      View Details
    • Contact for pricing
      6,801 SF

      Retail Spaces Available in Palm Bay

      Retail and restaurant spaces for lease with US-1 frontage.
      4500 Dixie Hwy NE, Palm Bay, FL 32905
      View Details
    • $16 SF/Yr
      7,437 SF

      Woodlake Office Park: Palm Bay, FL

      Prime Office Space, Space Coast, FL
      4620 Lipscomb St, Palm Bay, FL 32905
      View Details
    • $17 SF/Yr
      1,215 SF

      Palm Bay Road Retail Space

      Prime Retail Space, High Traffic Area
      2061 Palm Bay Rd, Palm Bay, FL 32905
      View Details
    • $15 SF/Yr
      1,166 SF

      Palm Bay Road Retail Opportunity

      Prime Retail Space, High-Growth Area
      2061 Palm Bay Rd, Palm Bay, FL 32905
      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      2.2k
    • Avg Time on site
      6 min
    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.
    1516 Palm Bay Rd
    Palm Bay, FL 32905-3859
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.