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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Retail space
3400 Bayside Lks SE Blvd, Palm Bay, FL 32909-6813
Trust Owned
12-yr Hold
Free & Clear
Property ID
US18-6286086
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
STEEL FRAME
Total area
8,538 SF
Lot
1.49 ac (64,904 SF)
Zoning code
PUD
APN
29-37-19-RX-00000.0-0010.00
UPID
US18-6286086
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
$1.52M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.26M
Owner & transaction history
Realty Income Trust 2 · 12 yrs held
Realty Income Trust 2
since 2013
6 recorded transactions
Zoning & alternative use
PUD · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+30.3%
Office building
$1.7M
+16.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,640,000
6.5%
$1,515,000
7%
$1,405,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,465,000
Current use
AUTO REPAIR, GARAGE
$1,910,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,710,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$1,365,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10%
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
$148 / 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
$15,179
Tax year 2023
Assessed value
$804,920
Assessed 2023
Previous assessed
$814,730
-1.2% YoY
Effective rate
1.89%
On assessed value
Assessed land
$356,770
Assessed improvement
$448,150
Land market value
$356,770
Improvement market value
$448,150
Total market value
$804,920
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
8,538 SF
Lot
1.49 ac (64,904 SF)
Zoning code
PUD
APN
29-37-19-RX-00000.0-0010.00
UPID
US18-6286086
Jurisdiction
BREVARD
Zoning & alternative use
PUD · Palm Bay, FL
Zoning PUD · permitted uses
PUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
2012
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Realty Income Trust 2
Trust
Free & Clear · 12 yrs held
Mailing address
500 VOLVO PKWY, CHESAPEAKE, VA 23320-1604
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2013
$1,435,500
Realty Income Trust 2
Family Dollar Stores Of Florida I
Grant Deed
—
Nov 21, 2012
$1,381,300
Family Dollar Stores Of Florida I
Hres Palm Bay LLC
Grant Deed
—
Dec 22, 2011
$325,000
Hres Palm Bay LLC
My Rose INC
Grant Deed
$1,347,250 · Stonegate Bank
Jun 10, 2005
$950,000
My Rose INC
Kew LLC
Warranty Deed
$712,500 · Harbor Fsb
Apr 11, 2005
$950,000
Kew LLC
Rif 303 LLC
Warranty Deed
$900,000 · Branch Banking & Trust Co
Aug 8, 2002
$1,647,500
Rif 303 LLC
Town Center Partners Ltd
Grant Deed
$576,625 · Carolina First Bank
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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