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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Office buildings
1795 Eldron SE Blvd Palm Bay, FL 32909-6832
Entity Owned
Free & Clear
Property ID
US18-2485971
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,171 SF
Lot
0.69 ac (30,056 SF)
Zoning code
PUD
APN
29-37-19-03-00000.0-0001.00
UPID
US18-2485971
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
$1.16M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.18M
Owner & transaction history
Seg V Opco LLC
Seg V Opco LLC
since 2026
7 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
Commercial (general)
$1.6M
+54.5%
Auto repair, garage
$1.2M
+11.5%
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%
$1,250,000
6.5%
$1,155,000
7%
$1,070,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,035,000
Current use
COMMERCIAL (GENERAL)
$1,600,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,155,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$885,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$228 / 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
$244
Tax year 2023
Assessed value
$699,600
Assessed 2023
Previous assessed
$636,000
+10.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$179,570
Assessed improvement
$520,030
Land market value
$179,570
Improvement market value
$520,030
Total market value
$699,600
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
5,171 SF
Lot
0.69 ac (30,056 SF)
Zoning code
PUD
APN
29-37-19-03-00000.0-0001.00
UPID
US18-2485971
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
OFFICE BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$885,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Seg V Opco LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1795 ELDRON BLVD SE, PALM BAY, FL 32909-6832
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
$6,900,000
Seg V Opco LLC
Pineapple Cove Real Estate LLC
Special Warranty Deed
—
Jan 8, 2026
—
Seg V Opco LLC
Pineapple Cove Real Estate LLC
Special Warranty Deed
—
Aug 12, 2020
—
Pineapple Cove R & E At Pebble C Pineapple Cove
—
Deed
related
$2,937,680 · Td Bk NA
Jul 8, 2010
$560,000
Pineapple Cove Real Estate LLC
Sweet Spot Of Palm Bay INC
Warranty Deed
$400,000 · Florida Bank Of Commerce
Mar 24, 2006
—
Sweet Spot Of Palm Bay INC
Kew LLC
Quit Claim Deed
related
$640,000 · Prime Bank
Oct 15, 2004
$275,000
Sweet Spot Of Palm Bay INC
Kew LLC
Warranty Deed
—
—
—
Pineapple Cove Real Estate LLC
—
Deed Of Trust
related
$400,000 · Florida Bank Of Commerce
—
—
Pineapple Cove Real Estate LLC
—
Deed Of Trust
related
$323,000 · Florida Bank Of Commerce
—
—
Pineapple Cove R & E At Pebble C Pineapple Cove
—
Loan Modification
related
$3,672,100 · Td Bk NA
—
—
Pineapple Cove R & E At Pebble C Pineapple Cove
—
Loan Modification
related
$2,937,680 · Td Bk NA
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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