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Property profile & analytics
FOR LEASE
Warehouses
2330 Commerce Park Dr NE 1 Palm Bay, FL 32905
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6004553
For Lease
1 / 10
$10,228/Mo
2330 Commerce Park Dr NE 1, Palm Bay, FL 32905
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1987
Construction
CONCRETE
Total area
54,382 SF
Lot
12.52 ac (545,371 SF)
Zoning code
LI
APN
28-37-14-00-00253.0-0000.00
UPID
US18-6004553
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.40M
Owner & transaction history
Wcp Of Palm Bay LLC · 13 yrs held
Wcp Of Palm Bay LLC
since 2013
5 recorded transactions
Zoning & alternative use
LI · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.2M
+73.0%
Retail stores
$9.3M
+32.8%
Medical building
$8.7M
+23.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palm Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Bay submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,245,000
6.5%
$5,765,000
7%
$5,355,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,025,000
Current use
AUTO REPAIR, GARAGE
$12,150,000
Change: +73% · Conversion: Easy
RETAIL STORES
$9,330,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$8,700,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$8,220,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$7.40M
Range $6.66M – $8.13M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$136 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$142,767
Tax year 2023
Assessed value
$7,213,510
Assessed 2023
Previous assessed
$7,379,220
-2.2% YoY
Effective rate
1.98%
On assessed value
Assessed land
$755,430
Assessed improvement
$6,458,080
Land market value
$755,430
Improvement market value
$6,458,080
Total market value
$7,213,510
Applied tax rate
34.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
For Lease
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
3
Total area
54,382 SF
Lot
12.52 ac (545,371 SF)
Zoning code
LI
APN
28-37-14-00-00253.0-0000.00
UPID
US18-6004553
Jurisdiction
BREVARD
Zoning & alternative use
LI · Palm Bay, FL
Zoning LI · permitted uses
LI · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$12.2M
RETAIL STORES
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
3
Lot
12.52 ac
Current owner
From public records · entity-resolved
Wcp Of Palm Bay LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2155 PALM BAY RD NE STE #9, PALM BAY, FL 32905-2907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2021
—
W C P Of Palm City LLC
—
Deed
related
$8,450,000 · The Southwest A Texas Corporation
Apr 10, 2018
—
Wcp Of Palm Bay LLC
—
Deed
related
$6,800,000 · Gs Mtg Sec Co #2013-gcj14 (ct)
May 28, 2013
$4,220,000
Wcp Of Palm Bay LLC
Sutton Properties LLP
Warranty Deed
—
—
—
Wcp Of Palm Bay LLC
—
Loan Modification
related
$6,800,000 · Gs Mtg Sec Co #2013-gcj14 (ct)
—
—
Sutton Properties LLP
—
Deed Of Trust
related
$450,000 · John Hancock Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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