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Property profile & analytics
OFF-MARKET
Estimated value
$25,675,000
Warehouses
2465 Palm Bay NE Rd Palm Bay, FL 32905-3353
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5900169
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1970
Construction
CONCRETE
Total area
128,260 SF
Lot
14.13 ac (615,503 SF)
Zoning code
LI
APN
28-37-23-00-00256.0-0000.00
UPID
US18-5900169
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
$20.04M
Comparable Approach
Comparable
$25.70M
Blend (final)
Blend
$25.68M
Owner & transaction history
Pb & J Gardens Investment LLC · 4 yrs held
Pb & J Gardens Investment LLC
since 2022
Last sale
$24.3M
5 recorded transactions
Zoning & alternative use
LI · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$39.7M
+139.8%
Auto repair, garage
$28.7M
+73.0%
Retail stores
$22.0M
+32.8%
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
$31,740,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,710,000
6.5%
$20,040,000
7%
$18,610,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,565,000
Current use
COMMERCIAL (GENERAL)
$39,715,000
Change: +140% · Conversion: Difficult
AUTO REPAIR, GARAGE
$28,660,000
Change: +73% · Conversion: Easy
RETAIL STORES
$22,005,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$20,525,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$19,390,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$25.68M
Range $23.11M – $28.24M · ±10% · vs last sale $24.26M (Jul 1 2022)
Last sale anchor
$24.26M
Jul 1 2022
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
$200 / 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
$231,802
Tax year 2023
Assessed value
$12,390,500
Assessed 2023
Previous assessed
$8,846,820
+40.1% YoY
Effective rate
1.87%
On assessed value
Assessed land
$1,539,100
Assessed improvement
$10,851,400
Land market value
$1,539,100
Improvement market value
$10,851,400
Total market value
$12,390,500
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
3
Units
675
Total area
128,260 SF
Lot
14.13 ac (615,503 SF)
Zoning code
LI
APN
28-37-23-00-00256.0-0000.00
UPID
US18-5900169
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
$16.6M
COMMERCIAL (GENERAL)
Est. value
$39.7M
AUTO REPAIR, GARAGE
Est. value
$28.7M
RETAIL STORES
Est. value
$22.0M
MEDICAL BUILDING
Est. value
$20.5M
OFFICE BUILDING
Est. value
$19.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1970
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
4
Units
675
Lot
14.13 ac
Current owner
From public records · entity-resolved
Pb & J Gardens Investment LLC
Entity
Mailing address
1698 W HIBISCUS BLVD STE A, MELBOURNE, FL 32901-2639
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 1, 2022
$24,257,000
Pb & J Gardens Investment LLC
Sutton Properties Of Palm Bay Lc
Special Warranty Deed
$3,000,000 · Sutton Properties Of Palm Bay Lc
Jul 20, 2015
$1,150,000
Circle K Stores INC
Sutton Properties Of Palm Bay Lc
Grant Deed
—
Apr 11, 2007
$4,250,000
Sutton Props Of Palm Bay Lc
Intersil Communications INC
Grant Deed
$3,400,000 · Bank Brevard
—
—
Sutton Properties Of Palm Bay Lc
—
Loan Modification
related
$4,762,500 · Bankfirst
—
—
Sutton Properties Of Palm Bay Lc
—
Loan Modification
related
$6,018,777 · Bank Brevard
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.
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