Property profile

2586 Palm Bay NE Rd Palm Bay, FL 32905

OFF-MARKET
Bars & Pubs
Property ID
US18-1888023
3,000 SF 0.57 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,000 SF
Lot 0.57 ac (24,829 SF)
Zoning code HC
APN 28-37-23-00-00781.0-0000.00
UPID US18-1888023

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
  • Bar & Pub

Location

2586 Palm Bay NE Rd Palm Bay, FL 32905-3522
Palm Bay metro Census 65123 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k

Owner & transaction history

since 2022
Last sale
$400,000
7 recorded transactions
2022
Price N/A
2022
$400,000
2017
Price N/A
2017
$350,000
2011
$300,000
2006
$485,000
2003
$235,000

Zoning & alternative use

HC · Palm Bay, FL
Zoning description

The intent of this district is to permit highway oriented businesses and regional scale facilities located along or near the intersection of major arterials and transportation nodes.

General category COMMERCIAL

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
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?”
You own 2586 Palm Bay NE Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message