220 Interstate SE Ct Palm Bay, FL 32909-3998
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
LI · Palm Bay, FLPalm Bay. Always verify with local authorities before improvements.
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.