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    Property profile & analytics

    2301 Commerce Park NE Dr Palm Bay, FL 32905-2611

    • Warehouses
    • 51,648 SF
    • 4.11 lot acres
    OFF-MARKET
    Value Estimation
    $5,535,000
    Last Sale
    Jan 04, 2023
    $4,900,000
    Location Intelligence
    Property ID
    US18-3422892
    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 2301 Commerce Park NE Dr

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.11 lot acres
    Property size
    51,648 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    28-37-14-00-00289.0-0000.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,640,000
      6.5%
      $4,905,000
      7%
      $4,525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,100,000
      Geo Method
      $5,150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,645,000
      Retail
      $4,230,000
      Mixed-Use
      $4,270,000
      Hospitality
      $4,830,000
      Educational
      $4,575,000
      Residential Income
      $4,765,000
      Energy
      $4,530,000
      Income-Based Land
      $5,015,000
      Food Service
      $4,800,000

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6043
    Latitude
    28.052
    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
    $51,503
    $167,520
    $2,607,670
    $2,775,190
    -
    $167,520
    $2,607,670
    $2,775,190

    Comparable in this City

    • Value Estimation by Request

      4155 Dow Rd

      Distribution properties
      4155 Dow Rd, Palm Bay, FL 32905
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    • Value Estimation by Request

      4155 Dow Rd

      Distribution properties
      4155 Dow Rd, Palm Bay, FL 32905
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    • Value Estimation by Request

      4155 Dow Rd

      Distribution properties
      4155 Dow Rd, Palm Bay, FL 32905
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    • Value Estimation by Request
      1,430 SF

      1340 Clearmont St Ne Ste, Unit 301

      MINI-WAREHOUSE, STORAGE • 1,430 SF
      1340 Clearmont St Ne Ste, Palm Bay, FL 32905-4049
      View Details
    • Value Estimation by Request
      1,430 SF

      1340 Clearmont St Ne Ste, Unit 308

      MINI-WAREHOUSE, STORAGE • 1,430 SF
      1340 Clearmont St Ne Ste, Palm Bay, FL 32905-4049
      View Details
    • Value Estimation by Request

      0000 Kirby Cir

      Distribution properties
      0000 Kirby Cir, Palm Bay, FL 32905
      View Details

    Similar Nearby for Sale

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      4.45 Acres

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      Land • 4.45 Acres
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    Similar Nearby for Lease

    • $18 SF/Yr
      800 SF

      Melbourne Warehouse Space For Lease

      800 sq ft Warehouse - Dow Business Park
      4155 Dow Rd, Palm Bay, FL 32905
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    • $18 SF/Yr
      800 SF

      Palm Bay Warehouse For Lease

      800 sq ft Industrial Space, $750/month
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    • $10 SF/Yr
      10,996 SF

      Palm Bay Flex Space Available

      Flex space in Palm Bay's industrial center for lease.
      1591 Robert J Conlan Blvd NE, Palm Bay, FL 32905
      View Details
    • $8 SF/Yr
      10,500 SF

      Palm Bay Warehouse - 10,500 SF

      Single-tenant warehouse, ideal for industrial users.
      2853 Kirby Cir, Palm Bay, FL 32905
      View Details
    • $18 SF/Yr
      1,000 SF

      Melbourne Warehouse Space for Lease

      1,000 sq ft Warehouse - Dow Rd
      4155 Dow Rd, Palm Bay, FL 32905
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    • $15 SF/Yr
      7,000 SF

      Versatile Flex Space Available

      Adaptable industrial units for lease, customizable and sprinklered.
      2161 Franklin Dr NE, Palm Bay, FL 32905
      View Details
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    2301 Commerce Park NE Dr
    Palm Bay, FL 32905-2611
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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