2187 Williams St Palm Bay, FL 32905
This 13,939.2 square foot commercial and residential land parcel is located at 2187 Williams Street NE in Palm Bay, Florida, 32905. Priced at $39,000, this property offers significant potential. The lot boasts convenient access to city water and sewer. Enjoy the proximity to local amenities, including two nearby parks featuring playgrounds, basketball courts, tennis courts, sports fields, and a public swimming pool. The prestigious Florida Institute of Technology campus is easily accessible, a mere 6-minute drive or 11-minute bike ride away. Numerous stores, restaurants, and daily necessities are also within close proximity, along with convenient access to I-95. Excellent schools are nearby, including Palm Bay Elementary (7-minute drive), Stone Middle School (3-minute drive), and Palm Bay High School (4-minute drive). A sidewalk runs along the property, providing pedestrian access. While road access is currently unavailable, Palm Bay city officials have indicated they will issue a permit upon submission of an approved driveway plan. All road-related due diligence and associated costs are the responsibility of the buyer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.