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Property profile & analytics
OFF-MARKET Estimated value $1,505,000
Retail space

1900 Robert J Conlan NE Blvd Palm Bay, FL 32905-2707

7,840 SF 1.7 ac lot Built 2017
Entity Owned Absentee Owner Free & Clear
Property ID
US18-8154721
Property summary
AI-generated overview

This exceptional 6.2-acre parcel in Palm Bay, Florida, presents a unique opportunity for hotel development. Currently zoned PUD, it allows for a 100-room full-service hotel, including over 5,000 square feet of meeting/ballroom/convention space and a full-service restaurant. The property boasts a convenient location at the corner of Lemon Tree Ln and Robert J Conlan Blvd NE, just 4.5 miles from I-95 exit 176. Its strategic position provides easy access to numerous amenities, including well-known restaurants and shopping centers. Furthermore, the site benefits from its proximity to major aerospace employers like L3Harris Technologies (1.6 miles), Florida Institute of Technology (2.7 miles), and Keiser University (5.1 miles), as well as Melbourne/Orlando International Airport (5.4 miles), Northrop Grumman (6.4 miles), and popular Florida Space Coast attractions such as Melbourne Beach (7.2 miles), Cocoa Beach (24.2 miles), Cape Canaveral (29.3 miles), and SpaceX (48.2 miles). The property's APN is 28-37-14-51-2, and it's offered fee simple. Approximately 2.9 acres are fully developable. Asking price is $1,800,000. This is an ideal investment for developers seeking a prime location with significant growth potential in a thriving area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Construction STEEL FRAME
Total area 7,840 SF
Lot 1.7 ac (74,052 SF)
APN 28-37-14-54-00008.1-0000.00
UPID US18-8154721
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
$1.39M
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.51M
Owner & transaction history
R & S ASSOCIATES LLC
R & S ASSOCIATES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.9M +47.3%
Auto repair, garage $1.6M +29.6%
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