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Property profile & analytics
OFF-MARKET
Office buildings
277 Malabar NE Rd Palm Bay, FL 32907-3091
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-2142349
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,196 SF
Lot
0.26 ac (11,326 SF)
Zoning code
RC
APN
28-37-31-FR-00205.0-0014.00
UPID
US18-2142349
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Malabar Rd Commercial LLC · 4 yrs held
Malabar Rd Commercial LLC
since 2021
Last sale
$55,000
5 recorded transactions
Zoning & alternative use
RC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,066
Tax year 2023
Assessed value
$272,330
Assessed 2023
Previous assessed
$231,530
+17.6% YoY
Effective rate
1.86%
On assessed value
Assessed land
$38,550
Assessed improvement
$233,780
Land market value
$38,550
Improvement market value
$233,780
Total market value
$272,330
Applied tax rate
54.0000
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
Status
Off-Market
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
2
Total area
2,196 SF
Lot
0.26 ac (11,326 SF)
Zoning code
RC
APN
28-37-31-FR-00205.0-0014.00
UPID
US18-2142349
Jurisdiction
BREVARD
Zoning & alternative use
RC · Palm Bay, FL
Zoning RC · permitted uses
RC · 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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Malabar Rd Commercial LLC
Entity
Free & Clear · 4 yrs held
Mailing address
503 RIVERSIDE CIR, MELBOURNE BEACH, FL 32951-2103
Ownership since
2021
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
Dec 6, 2021
—
Malabar Rd Commercial LLC
Nosrat A Sarpoolaki
Quit Claim Deed
related
—
Jul 11, 2013
$55,000
Nosrat A Sarpoolaki
Fidelity Bk Of Fl
Grant Deed
—
May 31, 2012
—
Fidelity Bk Of Fl
Mckenzie,aaron D Coc
Trustees Deed
related
—
Mar 9, 2006
$215,000
Aaron D Mckenzie
Gary Housman
Warranty Deed
$140,000 · Fidelity Bank Of Florida NA
—
—
Aaron Mckenzie
—
Deed Of Trust
related
$130,008 · Fidelity Bank Florida
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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