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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
3450 Bayside Lks SE Blvd, Palm Bay, FL 32909-6815
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-2913180
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
48,079 SF
Lot
11.06 ac (481,774 SF)
Zoning code
PUD
APN
29-37-19-RX-00000.0-0007.00
UPID
US18-2913180
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
Real Sub LLC · 3 yrs held
Real Sub LLC
since 2022
Last sale
$17.6M
6 recorded transactions
Zoning & alternative use
PUD · 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
$157,661
Tax year 2023
Assessed value
$7,257,000
Assessed 2023
Previous assessed
$8,466,000
-14.3% YoY
Effective rate
2.17%
On assessed value
Assessed land
$2,891,830
Assessed improvement
$4,365,170
Land market value
$2,891,830
Improvement market value
$4,365,170
Total market value
$7,257,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Total area
48,079 SF
Lot
11.06 ac (481,774 SF)
Zoning code
PUD
APN
29-37-19-RX-00000.0-0007.00
UPID
US18-2913180
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.
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
11.06 ac
Current owner
From public records · entity-resolved
Real Sub LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
$17,638,100
Real Sub LLC
Bayside Lakes LLP
Special Warranty Deed
—
Dec 1, 2022
—
Real Sub LLC
Bayside Lakes Lllp
Quit Claim Deed
related
—
Dec 12, 2016
—
Bayside Lakes Lllp
—
Deed
related
$9,100,000 · Miscellaneous Ins Co
May 12, 2010
$10,025,000
Bayside Lakes Lllp
Bayside Shopping Center Prop
Grant Deed
—
Feb 15, 2007
—
Bayside Shopping Center Properties
Bayside Riverside Properties LLC
Special Warranty Deed
$8,000,000 · Wachovia Bank NA
—
—
Bayside Lakes Lllp
—
Loan Modification
related
$9,100,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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