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Property profile & analytics
OFF-MARKET
Estimated value
$10,770,000
Warehouses
3520 Dixie NE Hwy Palm Bay, FL 32905-2700
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2977947
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
70,208 SF
Lot
4.3 ac (187,308 SF)
Zoning code
LI
APN
28-37-14-00-00017.0-0000.00
UPID
US18-2977947
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
$7.44M
Comparable Approach
Comparable
$12.44M
Blend (final)
Blend
$10.77M
Owner & transaction history
Mg Legacy Investments LLC · 4 yrs held
Mg Legacy Investments LLC
since 2021
5 recorded transactions
Zoning & alternative use
LI · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.7M
+73.0%
Retail stores
$12.0M
+32.8%
Medical building
$11.2M
+23.9%
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%
$8,060,000
6.5%
$7,440,000
7%
$6,910,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,065,000
Current use
AUTO REPAIR, GARAGE
$15,685,000
Change: +73% · Conversion: Easy
RETAIL STORES
$12,045,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$11,235,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$10,615,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$10.77M
Range $9.69M – $11.85M · ±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
$153 / 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
$93,223
Tax year 2023
Assessed value
$4,925,860
Assessed 2023
Previous assessed
$4,925,860
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$463,980
Assessed improvement
$4,461,880
Land market value
$463,980
Improvement market value
$4,461,880
Total market value
$4,925,860
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
70,208 SF
Lot
4.3 ac (187,308 SF)
Zoning code
LI
APN
28-37-14-00-00017.0-0000.00
UPID
US18-2977947
Jurisdiction
BREVARD
Zoning & alternative use
LI · Palm Bay, FL
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$15.7M
RETAIL STORES
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$11.2M
OFFICE BUILDING
Est. value
$10.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
4.3 ac
Current owner
From public records · entity-resolved
Mg Legacy Investments LLC
Entity
Mailing address
200 S ANDREWS AVE STE #903, FORT LAUDERDALE, FL 33301-2068
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Aug 10, 2021
$11,400,000
Mg Legacy Investments LLC
Tower Palm Bay LLC
Special Warranty Deed
—
Aug 4, 2021
—
Tower Palm Bay LLC
Drs Network & Imaging Systems LLC
Correction Deed
related
—
May 17, 2018
—
Tower Palm Bay LLC
—
Grant Deed
related
$6,800,000 · Wells Fargo Bk
May 19, 2015
$2,275,000
Tower Palm Bay LLC
Drs Ntwk & Imaging Systems LLC
Grant Deed
—
—
—
Tower Palm Bay LLC
—
Deed Of Trust
related
$2,000,000 · Readycap Com'l
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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