Financial
Distress signals
Property profile

2161 Franklin Dr NE Palm Bay, FL 32905

FOR LEASE
Truck terminals
Property ID
US18-6536612
6,560 SF 1.61 ac lot Built 2017
Last sale Oct 2014 · $33,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Palm Bay, Florida industrial property offers 12,250 square feet of versatile warehouse and flex space, ideally suited for a variety of businesses. The property boasts two single-story buildings, constructed in 2024, each featuring 22-foot clear ceiling heights, seven drive-in doors, and robust 3-phase power. Units are available from a minimum of 1,750 square feet up to the entire 12,250 square feet, providing flexibility for both smaller and larger tenants. The light…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$724k
Assessed land$175k
Assessed improvement$549k
Effective rate2.02%

Value estimate

· Sep 2026
$420k
$378k – $462k
AI approach$420k
Submarket $/SF estimate$634k
NOI build-up
Gross scheduled income$101k
Vacancy & credit loss−$5k
Operating expenses−$29k
NOI · 446,880.00% cap applied$67k

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

Recently sold

What actually traded nearby?
$109/SF
County average, outlier-cleaned · 169 recorded sales of this use type
Observed band · Q1–Q3$60 – $178
Qualifying comparables5

Cap rate analysis

How does the asset earn?
446,880.00%
$67k 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?
LI
The purpose of this district is to accommodate light manufacturing, warehousing, distribution, wholesaling and other light industrial uses.
General categoryINDUSTRIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop19.6
Realty agency19.5
Building Supply19.2

Location

2161 Franklin Dr NE Palm Bay, FL 32905
County assessor Recorded deeds · 2 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
2625 4th NE, Palm Bay, FL 32905-3511 $625,000 Jan 2025 5,040 SF
2600 Rowena NE, Palm Bay, FL 32905-2518 $510,000 Sep 2023 6,936 SF
2690 Kirby NE, Palm Bay, FL 32905-3404 $1,070,000 Feb 2023 5,900 SF
Palm Bay, FL 32905 $825,000 Feb 2023 6,000 SF
1980 Palm Bay NE, Palm Bay, FL 32905-2980 $380,500 Feb 2021 8,760 SF
2650 Rowena NE, Palm Bay, FL 32905-2564 $416,000 Nov 2019 4,788 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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