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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Medical Office Space
1555 Prt Malabar NE Blvd Palm Bay, FL 32905-5407
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US18-3126885
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,800 SF
Lot
1.65 ac (71,874 SF)
Zoning code
PUD
APN
28-37-26-NO-0000H.0-0000.00
UPID
US18-3126885
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
$871k
Blend (final)
Blend
$710k
Owner & transaction history
Carl Acquaviva · 25 yrs held
Carl Acquaviva
since 2001
2 recorded transactions
Zoning & alternative use
PUD · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the planned unit development (PUD) zoning district is to provide a zoning district that allows design flexibility and promotes planned diversification and integration of uses and structures, while also retaining the City Council's authority to establish such limitations and regulations as it deems necessary to protect the public health, safety…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
4,107.28 ac
Source
Realmo
Top alternative use upside
Retail stores
$995,000
+7.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$930,000
Current use
RETAIL STORES
$995,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: -6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$122 / SF
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
$14,158
Tax year 2023
Assessed value
$765,760
Assessed 2023
Previous assessed
$701,090
+9.2% YoY
Effective rate
1.85%
On assessed value
Assessed land
$207,900
Assessed improvement
$557,860
Land market value
$207,900
Improvement market value
$557,860
Total market value
$765,760
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
5,800 SF
Lot
1.65 ac (71,874 SF)
Zoning code
PUD
APN
28-37-26-NO-0000H.0-0000.00
UPID
US18-3126885
Jurisdiction
BREVARD
Zoning & alternative use
PUD · Palm Bay, FLZoning PUD · permitted uses
PUD · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the planned unit development (PUD) zoning district is to provide a zoning district that allows design flexibility and promotes planned diversification and integration of uses and structures, while also retaining the City Council's authority to establish such limitations and regulations as it deems necessary to protect the public health, safety, and general welfare.
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
4,107.28 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$930,000
RETAIL STORES
Est. value
$995,000
OFFICE BUILDING
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
1.65 ac
Current owner
From public records · entity-resolved
Carl Acquaviva
Individual
Mailing address
1555 PRT MALABAR BLVD NE STE #101, PALM BAY, FL 32905-5407
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2001
$49,500
Carl Acquaviva
Zajdel,alan
Grant Deed
$44,500 · Huntington National Bank
—
—
A & R Health LLC
—
Deed Of Trust
related
$100,000 · Bank Of America
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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