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Property profile & analytics

220 Interstate SE Ct Palm Bay, FL 32909-3998

  • Warehouses
  • 6,240 SF
  • 0.58 lot acres
OFF-MARKET
Value Estimation
$375,000
Last Sale
Jul 24, 2020
Location Intelligence
Property ID
US18-3436789
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Warehouses

Property Details for 220 Interstate SE Ct

Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.58 lot acres
Property size
6,240 SF
Zone code
LI
Property type
Warehouses
APN
29-37-04-MZ-000JJ.0-0000.00
APU
293704MZ000JJ0000000

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $350,000
  • CAP approach

    CAP return
    Estimation
    6%
    $455,000
    6.5%
    $455,000
    7%
    $465,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $450,000
    Geo Method
    $480,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $505,000
    Retail
    $540,000
    Mixed-Use
    $550,000
    Hospitality
    $570,000
    Educational
    $460,000
    Residential Income
    $545,000
    Energy
    $440,000
    Income-Based Land
    $480,000
    Food Service
    $545,000

Location Insight

  • Map
  • Local Demand
City
Palm Bay
County
Brevard
State
Florida
Longitude
-80.6268
Latitude
27.9945
CBSA code
37340
CBSA name
PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,795
$75,800
$278,500
$354,300
-
$75,800
$278,500
$354,300
More about this property
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