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    Property profile & analytics

    2833 Palm Bay NE Rd Palm Bay, FL 32905-4270

    • Shopping centers
    • 6,298 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Last Sale
    Jan 05, 2024
    $250,000
    Location Intelligence
    Property ID
    US18-4171695
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shopping centers

    Property Details for 2833 Palm Bay NE Rd

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.19 lot acres
    Property size
    6,298 SF
    Zone code
    HC
    Property type
    Shopping centers
    Property subtype
    Specialty properties
    APN
    28-37-24-25-00023.0-0002.00
    APU
    9223372036854775807

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $180,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $210,000
      Mixed-Use
      $200,000
      Hospitality
      $180,000
      Educational
      $195,000
      Residential Income
      $195,000
      Energy
      $190,000
      Income-Based Land
      $185,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.5876
    Latitude
    28.0352
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,610
    $146,570
    $75,550
    $222,120
    -
    $146,570
    $75,550
    $222,120

    Comparable in this City

    • Value Estimation by Request
      0.53 Acres

      Palm Bay, FL 32905

      SHOPPING CENTER COMMON AREA • 0.53 Acres
      Palm Bay, FL 32905
      View Details
    • Value Estimation by Request
      0.20 Acres

      Palm Bay, FL 32905

      SHOPPING CENTER COMMON AREA • 0.20 Acres
      Palm Bay, FL 32905
      View Details
    • Value Estimation
      $225,000
      6,093 SF

      1582 Water NE Dr

      SHOPPING CENTER COMMON AREA • 6,093 SF
      1582 Water NE Dr, Palm Bay, FL 32905-3625
      View Details
    • Value Estimation
      $290,000
      6,100 SF

      5015 Babcock NE St

      SHOPPING CENTER COMMON AREA • 6,100 SF
      5015 Babcock NE St, Palm Bay, FL 32905-4603
      View Details
    • Value Estimation
      $425,000
      3,802 SF

      4705 Babcock NE St

      SHOPPING CENTER COMMON AREA • 3,802 SF
      4705 Babcock NE St, Palm Bay, FL 32905-2828
      View Details
    • Value Estimation
      $305,000
      1.80 Acres

      1917 Danr NE Dr

      SHOPPING CENTER COMMON AREA • 1.80 Acres
      1917 Danr NE Dr, Palm Bay, FL 32905-2746
      View Details

    Similar Nearby for Sale

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      Established Floral Business Opportunity

      Turnkey floral business for sale in prime Palm Bay location.
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      Turn-Key Restaurant with River Views

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    Similar Nearby for Lease

    • Contact for pricing
      6,801 SF

      Retail Spaces Available in Palm Bay

      Retail and restaurant spaces for lease with US-1 frontage.
      4500 Dixie Hwy NE, Palm Bay, FL 32905
      View Details
    • $16 SF/Yr
      7,437 SF

      Woodlake Office Park: Palm Bay, FL

      Prime Office Space, Space Coast, FL
      4620 Lipscomb St, Palm Bay, FL 32905
      View Details
    • Contact for pricing
      2,204 SF

      Retail Space Near L3Harris

      Commercial property for ground lease or build-to-suit near L3Harris.
      2280 Harris Ave NE, Palm Bay, FL 32905
      View Details
    • $15 SF/Yr
      1,750 SF

      Retail Space Near New Apartments

      Retail spaces available near Indian River Flats apartment complex.
      4700 Dixie Hwy NE, Palm Bay, FL 32905
      View Details
    • $17 SF/Yr
      1,215 SF

      Palm Bay Road Retail Space

      Prime Retail Space, High Traffic Area
      2061 Palm Bay Rd, Palm Bay, FL 32905
      View Details
    • $15 SF/Yr
      1,166 SF

      Palm Bay Road Retail Opportunity

      Prime Retail Space, High-Growth Area
      2061 Palm Bay Rd, Palm Bay, FL 32905
      View Details
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    Palm Bay, FL 32905-4270
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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