Technical
Financial
Distress signals
Property profile

240 Interstate SE Ct Palm Bay, FL 32909

OFF-MARKET
Truck terminals
Property ID
US18-3100017
12,320 SF 1.16 ac lot Built 1997
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,320-square-foot warehouse, situated on a spacious 1.16-acre lot in Palm Bay, Florida, presents a compelling investment opportunity. Built in 1997, the single-story concrete block structure features a stucco exterior and architectural shutters covering all windows. The property boasts four dock-high doors, facilitating efficient loading and unloading operations. Inside, a 12-foot ceiling height provides ample vertical space for storage and operations. The property is zoned LI and offers convenient access via two ingress/egress driveways directly off Interstate Court SE. Ample parking is provided with approximately 60 spaces, exceeding current zoning requirements for an office building. The well-maintained building benefits from a good condition shingle roof and a meticulously landscaped lot. Located at 240 Interstate Ct SE, Palm Bay, FL 32909, this property combines functionality and location in a thriving market. The property's solid construction, generous parking, and strategic location make it an ideal choice for a variety of industrial and mixed-use applications. This turnkey warehouse is ready for immediate occupancy. The address is 240 Interstate Ct SE, Palm Bay, FL 32909.

Property profile

Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,320 SF
Lot 1.16 ac (50,530 SF)
Zoning code LI
APN 29-37-04-MZ-000KK.0-0000.00
UPID US18-3100017

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Publishing House Newspaper & Magazine
  • Animal Shelter Pet Adoption Service

Location

240 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
$1.21M
Blend (final) Blend
$425k

Owner & transaction history

since 2026
Last sale
$1.5M
3 recorded transactions
2026
$1.5M
2016
Price N/A
1997
$99,000

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
Medical building $2.0M +33.9%

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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