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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
3060 Dixie NE Hwy Palm Bay, FL 32905-2514
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3985539
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,351 SF
Lot
2.03 ac (88,427 SF)
Zoning code
IU
APN
28-37-11-75-0000K.2-0000.00
UPID
US18-3985539
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
$610k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$535k
Owner & transaction history
Carries Fence Of Palm Bay INC · 4 yrs held
Carries Fence Of Palm Bay INC
since 2022
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
IU · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to allow for facilities that serve the educational, governmental, recreational, health, and cultural needs of the city.
Zone name
Institutional Use
General category
CIVIC_INSTITUTIONAL
Zone area
1,940.63 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$730,000
+104.8%
Auto repair, garage
$525,000
+47.8%
Retail stores
$405,000
+13.5%
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
$555,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$355,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: +105% · Conversion: Easy
AUTO REPAIR, GARAGE
$525,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$405,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$375,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$320,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $650k (Jun 28 2022)
Last sale anchor
$650k
Jun 28 2022
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
$228 / 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
$9,621
Tax year 2023
Assessed value
$509,980
Assessed 2023
Previous assessed
$353,070
+44.4% YoY
Effective rate
1.89%
On assessed value
Assessed land
$309,750
Assessed improvement
$200,230
Land market value
$309,750
Improvement market value
$200,230
Total market value
$509,980
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
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,351 SF
Lot
2.03 ac (88,427 SF)
Zoning code
IU
APN
28-37-11-75-0000K.2-0000.00
UPID
US18-3985539
Jurisdiction
BREVARD
Zoning & alternative use
IU · Palm Bay, FLZoning IU · permitted uses
IU · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to allow for facilities that serve the educational, governmental, recreational, health, and cultural needs of the city.
Zone name
Institutional Use
General category
CIVIC_INSTITUTIONAL
Zone area
1,940.63 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$355,000
COMMERCIAL (GENERAL)
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$525,000
RETAIL STORES
Est. value
$405,000
MEDICAL BUILDING
Est. value
$375,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$320,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Carries Fence Of Palm Bay INC
Entity
Mailing address
3060 DIXIE HWY NE, PALM BAY, FL 32905-2514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jun 28, 2022
$650,000
Carries Fence Of Palm Bay INC
Sylvia Mcgarry
Warranty Deed
$550,000 · Oliver & Weasel Trust
Aug 17, 2020
$425,000
Desert Dog Surplus LLC
Brevard Research INC
Grant Deed
—
Jul 27, 2018
—
Brevard Research INC
—
Deed
related
$225,000 · Seacoast National Bank
Dec 30, 2014
$295,000
Brevard Research INC
Astro Too INC
Grant Deed
$221,250 · Fidelity Bk/fl
May 16, 2011
$245,001
Astro Too INC
Board Of Tes/internal Improvement
Quit Claim Deed
related
$270,000 · Bankfirst
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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