Entity Owned Property summary
AI-generated overview
This compact industrial business park at 2510–2550 Kirby Circle NE in Palm Bay, Florida consists of multiple small-bay, lease-ready units with HVAC office buildouts. The units are supported by single-phase electrical power and include multiple grade-level bay doors to support loading and receiving. Tenant spaces may also include fenced yard areas, and the property provides on-site parking for employees, deliveries, and customer access. The park is positioned near a concentration of major employers and suppliers within about one mile, including L3Harris, ABC Supply Co., Renesas Electronics America, UPS, and Tibbetts Lumber Co, and the site is configured to support light industrial and distribution-oriented uses requiring both warehouse functionality and dedicated office space.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,600 SF
Lot
4.84 ac (210,830 SF)
Zoning code
LI
APN
28-37-23-00-00099.0-0000.00
UPID
US18-6132071
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
-
Research Institute
-
Gym & Fitness Center
-
Industrial Manufacturer Production Facility
-
Furniture & Home Goods
-
Industrial Manufacturer
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.93M
Blend (final)
Blend
$6.30M
Owner & transaction history
since 2024
Last sale
$6.3M
2 recorded transactions
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
Restaurant
$9.4M
+195.9%
Commercial (general)
$7.6M
+139.8%
Auto repair, garage
$5.5M
+73.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.30M
Value range
$5.67M – $6.93M
±10% around blend
Estimated value / SF
$256 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
$5.67M
blend $6.30M
$6.93M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
24,600 SF
Lot area
4.84 ac
Year built
1981
Stories
1
APN
28-37-23-00-00099.0-0000.00
Zoning
LI
Assessed value
$2,361,220
Annual tax
$48,328
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$6.44M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.2 mi away · 19,936 SF
24.8 mi away · 18,080 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.30M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 107 sales
$129
+98%
County 178 sales
$125
+105%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $256/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+196%
vs current-use indication
Commercial (general)
Auto Repair, Garage
Retail Stores
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
2.70%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$441k *
Last sale · Oct 2024
$6.30M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$16.33M
Move the market yield to see immediate price impact.
Value / SF
$664
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.20%2.70%3.20%
$397k
$18.04M
$14.70M
$12.40M
$441k
$20.05M
$16.33M
$13.78M
$485k
$22.05M
$17.97M
$15.16M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$7.20M
7.7 mi · Dec 2025 · $280/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$48,328
Tax year 2023
Assessed value
$2,361,220
Assessed 2023
Previous assessed
$2,361,220
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$243,510
Assessed improvement
$2,117,710
Land market value
$243,510
Improvement market value
$2,117,710
Total market value
$2,361,220
Applied tax rate
34.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
10
Total area
24,600 SF
Lot
4.84 ac (210,830 SF)
Zoning code
LI
APN
28-37-23-00-00099.0-0000.00
UPID
US18-6132071
Jurisdiction
BREVARD
Zoning & alternative use
LI · Palm Bay, FLZoning LI · permitted uses
LI · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of this district is to accommodate light manufacturing, warehousing, distribution, wholesaling and other light industrial uses.
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
10
Lot
4.84 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
LI
INDUSTRIAL
Jurisdiction
Palm Bay, FL
Recorded code
LI
Official district
LI
Official district profile
What the municipal code says about LI
Zoning description
The purpose of this district is to accommodate light manufacturing, warehousing, distribution, wholesaling and other light industrial uses.
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LI in Palm Bay, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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