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Property profile

1922 NE Palm Bay Rd Palm Bay, FL 32905

FOR LEASE
Commercial land
Property ID
US18-3377128
1,172 SF 1.15 ac lot Built 1951
Last sale Sep 2006 · $415,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property in Palm Bay is a free-standing, newly constructed Class A retail building offering 10,000 square feet and designed to support either build-to-suit customization for a single end user or multi-tenant occupancy. The configuration places retail space at the front with the potential for up to 10 bays finished to a vanilla shell condition. Individual units include water and electric stub-outs to support tenant improvements, and the site is located on Palm Bay Road, providing exposure to high traffic volume.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$303k
Assessed land$303k
Effective rate1.85%

Value estimate

· Oct 2026
$440k
$396k – $484k
AI approach$485k
NOI build-up
Gross scheduled income$180k
Vacancy & credit loss−$15k
Operating expenses−$49k
NOI · 549,000.00% cap applied$115k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$237/SF
County average, outlier-cleaned · 127 recorded sales of this use type
Observed band · Q1–Q3$77 – $426
Qualifying comparables5

Cap rate analysis

How does the asset earn?
549,000.00%
$115k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CC
The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the s...
General categoryCOMMERCIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.0
Cafe & Coffee Shop10.1
Tailor Shop9.9

Location

1922 NE Palm Bay Rd Palm Bay, FL 32905
County assessor Recorded deeds · 8 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2885 Pollak NE, Palm Bay, FL 32905-4289 $100,000 Apr 2025 No data
2880 Palm Bay NE, Palm Bay, FL 32905-4272 $285,000 Jun 2024 No data
Palm Bay, FL 32905 $7,500,000 Nov 2023 11,354 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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