Technical
Financial
Distress signals
Property profile

220 Interstate SE Ct Palm Bay, FL 32909

OFF-MARKET
Warehouses
Property ID
US18-3436789
6,240 SF 0.58 ac lot Built 1996
Trust Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2.2-acre commercial property, located at 220 Interstate Ct SE in Palm Bay, Florida (zip code 32909), presents a unique investment opportunity. Zoned for commercial and industrial use, this parcel boasts 6,240 square feet and is priced at $1,100,000, or $176.28 per square foot. Its strategic location at the intersection of Malabar Road and I-95 provides unparalleled visibility and accessibility, ensuring high exposure to a substantial local and regional market. Palm Bay, a thriving community with over 119,000 residents, a median household income of $50,653, and a median age of 42.4 years, offers a strong local economy. The property is situated within the rapidly developing Malabar Park area, a burgeoning industrial corridor poised for significant growth, including the addition of 275,000 square feet of flexible warehouse space. This site represents one of the last remaining parcels in this prime location, making it an exceptional opportunity for businesses seeking to establish or expand their operations in a dynamic and business-friendly environment. The property's convenient access to I-95 ensures seamless transportation and logistics. This is a rare chance to acquire a substantial land parcel in a high-growth area with excellent infrastructure and a strong local economy.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,240 SF
Lot 0.58 ac (25,265 SF)
Zoning code LI
APN 29-37-04-MZ-000JJ.0-0000.00
UPID US18-3436789

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

220 Interstate SE Ct Palm Bay, FL 32909-3998
Palm Bay metro Census 65202 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$738k
Blend (final) Blend
$350k

Owner & transaction history

since 2020
4 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LI · Palm Bay, FL
Zoning description

The purpose of this district is to accommodate light manufacturing, warehousing, distribution, wholesaling and other light industrial uses.

General category INDUSTRIAL
Top alternative use upside
Retail stores $1.0M +28.5%
Medical building $970,000 +23.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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