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Property profile & analytics
FOR SALE
Quadplex
2012 Tree Ridge Ln NE Palm Bay, FL 32905
Property ID
US18-2564046
For Sale
1 / 8
$649,900
2012 Tree Ridge Ln NE, Palm Bay, FL 32905
View Listing →
Property profile
Verified
Property type
Quadplex
Year built
1984
Total area
3,516 SF
Lot
0.43 ac (18,731 SF)
APN
28-37-28-01-0000A.0-
UPID
US18-2564046
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Craig Micheletti · 2 yrs held
Craig Micheletti
since 2023
Last sale
$530,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Property tax & assessments
Land market value
$27,200
Total market value
$436,800
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Quadplex
Status
For Sale
Year built
1984
Total area
3,516 SF
Lot
0.43 ac (18,731 SF)
APN
28-37-28-01-0000A.0-
UPID
US18-2564046
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Lot
0.43 ac
Current owner
From public records · entity-resolved
Craig Micheletti
Individual
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
Michelle Micheletti
—
Deed
related
$412,000 · United Wholesale Mortgage
Dec 4, 2023
$530,000
Craig Micheletti
Lpda Properties LLC
Warranty Deed
$397,500 · Plaza Home Mortgage INC
Mar 7, 2018
$289,900
Lpda Properties LLC
2012 Tree Ridge Lane N E LLC
Warranty Deed
$217,425 · Fidelity Bk/fl
Jan 24, 2017
$50,000
2012 Tree Ridge Lane Ne LLC
Lawson,troy A
Quitclaim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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