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Property profile & analytics
OFF-MARKET
Estimated value
$3,010,000
Warehouses
1701 Robert J Conlan NE Blvd Palm Bay, FL 32905-3431
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5902335
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,680 SF
Lot
4.41 ac (192,100 SF)
Zoning code
M1
APN
28-37-23-00-00108.0-0000.00
UPID
US18-5902335
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
$3.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$3.01M
Owner & transaction history
Nsa Property Holdings LLC · 5 yrs held
Nsa Property Holdings LLC
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
M1 · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+195.9%
Commercial (general)
$3.0M
+139.8%
Auto repair, garage
$2.2M
+73.0%
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
$3,865,000
ML approach
$3,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,700,000
Change: +196% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,995,000
Change: +140% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,165,000
Change: +73% · Conversion: Easy
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±10% · vs last sale $3.21M (Feb 1 2021)
Last sale anchor
$3.21M
Feb 1 2021
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
$311 / 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
$67,196
Tax year 2023
Assessed value
$3,621,420
Assessed 2023
Previous assessed
$3,269,720
+10.8% YoY
Effective rate
1.86%
On assessed value
Assessed land
$267,650
Assessed improvement
$3,353,770
Land market value
$267,650
Improvement market value
$3,353,770
Total market value
$3,621,420
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Units
78
Total area
9,680 SF
Lot
4.41 ac (192,100 SF)
Zoning code
M1
APN
28-37-23-00-00108.0-0000.00
UPID
US18-5902335
Jurisdiction
BREVARD
Zoning & alternative use
M1 · Palm Bay, FL
Zoning M1 · permitted uses
M1 · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Units
78
Lot
4.41 ac
Current owner
From public records · entity-resolved
Nsa Property Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8400 E PRENTICE AVE #9, GREENWOOD VILLAGE, CO 80111-2912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2021
$3,214,800
Nsa Property Holdings LLC
Aaa Mini Storage Of Bre Yard LLC
Special Warranty Deed
—
Nov 5, 2019
—
Aaa Mini Storage Of Brevard LLC
—
Deed
related
$400,000 · Equity Hldgs Xx LLC
Jul 28, 2017
—
Aaa Mini Storage Of Brevard Ll
—
Deed
related
$304,500 · Equity Investment Mtg Corp
May 16, 2014
—
Aaa Mini Storage Of Brevard LLC
—
Trustees Deed
related
$800,000 · First Service Equity LLC
Jul 8, 2009
$768,000
Aaa Mini Storage Of Brevard LLC
Palmera Builders LLC
Warranty Deed
—
Nov 14, 2008
—
Palmera Builders LLC
—
Trustees Deed
related
$350,000 · Lead Dog Ents INC
Feb 18, 2008
—
Palmera Builders LLC
—
Trustees Deed
related
$420,000 · Lead Dog Ents INC
Dec 6, 2004
$375,000
Palmera Builders LLC
Lead Dog Ents INC
Warranty Deed
$238,001 · Lead Dog Ents INC
Oct 1, 1991
$275,000
First
Barley,george JR
Warranty Deed
related
—
—
—
Aaa Mini Storage Of Brevard LLC
—
Deed Of Trust
related
$400,000 · Equity Hldgs Xx LLC
—
—
Aaa Mini Storage Of Brevard LLC
—
Deed Of Trust
related
$300,000 · Equity Investment Mtg Corp
—
—
Aaa Mini Storage Of Brevard Ll
—
Loan Modification
related
$304,500 · Equity Investment Mtg Corp
—
—
Aaa Mini Storage Of Brevard LLC
—
Deed Of Trust
related
$900,000 · Sunrise 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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