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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
2550 Palm Bay NE Rd Palm Bay, FL 32905-3505
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-2000507
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Construction
WOOD
Total area
7,577 SF
Lot
0.66 ac (28,750 SF)
Zoning code
HC
APN
28-37-23-00-00793.0-0000.00
UPID
US18-2000507
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$500k
Owner & transaction history
Julian Office Center INC · 17 yrs held
Julian Office Center INC
since 2009
Last sale
$490,000
7 recorded transactions
Zoning & alternative use
HC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$510,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $490k (Oct 29 2020)
Last sale anchor
$490k
Oct 29 2020
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
$66 / 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
$8,486
Tax year 2023
Assessed value
$444,430
Assessed 2023
Previous assessed
$405,160
+9.7% YoY
Effective rate
1.91%
On assessed value
Assessed land
$115,930
Assessed improvement
$328,500
Land market value
$115,930
Improvement market value
$328,500
Total market value
$444,430
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
27
Total area
7,577 SF
Lot
0.66 ac (28,750 SF)
Zoning code
HC
APN
28-37-23-00-00793.0-0000.00
UPID
US18-2000507
Jurisdiction
BREVARD
Zoning & alternative use
HC · Palm Bay, FL
Zoning HC · permitted uses
HC · 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.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
27
Lot
0.66 ac
Current owner
From public records · entity-resolved
Julian Office Center INC
Entity
Mailing address
2550 PALM BAY RD NE, PALM BAY, FL 32905-3505
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
—
Melbourne Executive Business Center
—
Deed
related
$550,000 · Us Century Bank
May 14, 2019
—
Executive Business Center LLC
—
Trustees Deed
related
$195,000 · 2550 Pbr LLC
Apr 22, 2009
$390,000
Julian Office Center INC
Stelios Group LLC
Warranty Deed
—
Oct 23, 2006
$510,000
Stelios Group LLC
Dragon Point Investments INC
Warranty Deed
—
May 11, 2005
$392,000
Dragon Point Investments INC
Palm Bay Executive Center LLC
Warranty Deed
$242,000 · Florida Business Bank
Apr 25, 2005
—
Record Owner
Palm Bay Executive Center LLC
Warranty Deed
related
—
Nov 4, 1997
$230,000
Bartruff Trust
Grosz,avraham
Grant Deed
$120,000 · Southtrust Bank NA
Jun 17, 1996
—
Avraham A Grosz
—
Trustees Deed
related
$95,000 · Ronald J Pinta Family Tr
—
—
Stelios Group LLC
—
Deed Of Trust
related
$100,000 · Ralph A & Anna L Chiuchiolo
—
—
Stelios Group LLC
—
Deed Of Trust
related
$360,000 · Sunrise Bank
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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