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    OFF-MARKET
    Commercial real estate

    310 Mercury Ave, Palm Bay, FL 32909

    Property ID
    US18-8923814
    Property summary
    AI-generated overview

    This exceptional 32909 Palm Bay, Florida property, located at 310 Mercury SE, presents a unique investment opportunity. Priced at $159,900, this special purpose lot is ideally suited for multi-family development. Situated in Brevard County, this location benefits from high demand for apartment housing, making it an attractive prospect for investors seeking strong returns. The property boasts convenient access to city water and electric services, significantly streamlining the construction process and reducing initial development costs. Furthermore, the lot's existing grade eliminates the need for extensive and costly earthworks, such as filling or leveling, further enhancing its financial appeal. This ready-to-develop parcel offers a significant advantage in a thriving market, promising a smooth and efficient transition from acquisition to construction. Don't miss this chance to capitalize on the burgeoning Palm Bay real estate market

    Property profile
    Verified
    Property type Commercial real estate
    UPID US18-8923814
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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