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Property profile & analytics
OFF-MARKET
Estimated value
$5,240,000
Warehouses
1895 Palm Bay NE Rd Palm Bay, FL 32905-2978
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3979129
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
35,925 SF
Lot
2.66 ac (115,870 SF)
Zoning code
CC
APN
28-37-22-00-00277.0-0000.00
UPID
US18-3979129
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
$6.58M
CAP Approach
CAP
$5.62M
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$5.24M
Owner & transaction history
Gc Mp Palm Bay LLC · 4 yrs held
Gc Mp Palm Bay LLC
since 2022
Last sale
$5.0M
3 recorded transactions
Zoning & alternative use
CC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.0M
+73.0%
Retail stores
$6.2M
+32.8%
Medical building
$5.8M
+23.9%
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
$6,570,000
ML approach
$6,580,000
CAP Approach
CAP Return
Estimation
6%
$6,080,000
6.5%
$5,615,000
7%
$5,210,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,640,000
Current use
AUTO REPAIR, GARAGE
$8,025,000
Change: +73% · Conversion: Easy
RETAIL STORES
$6,165,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$5,750,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$5,430,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.72M – $5.76M · ±10% · vs last sale $5.02M (Jun 23 2022)
Last sale anchor
$5.02M
Jun 23 2022
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
$146 / 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
$38,879
Tax year 2023
Assessed value
$2,088,250
Assessed 2023
Previous assessed
$1,397,100
+49.5% YoY
Effective rate
1.86%
On assessed value
Assessed land
$347,630
Assessed improvement
$1,740,620
Land market value
$347,630
Improvement market value
$1,740,620
Total market value
$2,088,250
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
243
Total area
35,925 SF
Lot
2.66 ac (115,870 SF)
Zoning code
CC
APN
28-37-22-00-00277.0-0000.00
UPID
US18-3979129
Jurisdiction
BREVARD
Zoning & alternative use
CC · Palm Bay, FL
Zoning CC · permitted uses
CC · 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
WAREHOUSE, STORAGE Current
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$8.0M
RETAIL STORES
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
243
Lot
2.66 ac
Current owner
From public records · entity-resolved
Gc Mp Palm Bay LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9718 CHESTNUT RDG DR, WINDERMERE, FL 34786-8943
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
$5,020,000
Gc Mp Palm Bay LLC
Palm Bay Ss LLC
Special Warranty Deed
—
Oct 30, 2015
$1,200,000
Palm Bay Ss LLC
Palm Bay Self Storage Lc
Special Warranty Deed
$1,273,000 · C-iii Commercial Mortgage LLC
Oct 5, 2005
$2,602,100
Palm Bay Self Storage Lc
Sorensen Air Conditioned Self Stora
Warranty Deed
$1,925,000 · Bank Of America 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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