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Property profile & analytics
FOR LEASE
Strip malls
3565 Jupiter Blvd SE, Palm Bay, FL 32909
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-4811209
For Lease
1 / 2
$18 SF/Yr
3565 Jupiter Blvd SE, Palm Bay, FL 32909
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,934 SF
Lot
2.12 ac (92,347 SF)
Zoning code
NC
APN
29-37-05-GJ-0000J.0-0000.00
UPID
US18-4811209
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
$405k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$859k
Blend (final)
Blend
$625k
Owner & transaction history
M & R United INC · 12 yrs held
M & R United INC
since 2013
7 recorded transactions
Zoning & alternative use
NC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$880,000
+63.2%
Office building
$790,000
+46.4%
Retail stores
$675,000
+25.3%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Current use
AUTO REPAIR, GARAGE
$880,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$790,000
Change: +46% · Conversion: Moderate
RETAIL STORES
$675,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$630,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$510,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$159 / 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
$15,460
Tax year 2023
Assessed value
$740,570
Assessed 2023
Previous assessed
$735,000
+0.8% YoY
Effective rate
2.09%
On assessed value
Assessed land
$426,640
Assessed improvement
$313,930
Land market value
$426,640
Improvement market value
$313,930
Total market value
$740,570
Applied tax rate
54.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
3
Total area
3,934 SF
Lot
2.12 ac (92,347 SF)
Zoning code
NC
APN
29-37-05-GJ-0000J.0-0000.00
UPID
US18-4811209
Jurisdiction
BREVARD
Zoning & alternative use
NC · Palm Bay, FL
Zoning NC · permitted uses
NC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$880,000
OFFICE BUILDING
Est. value
$790,000
RETAIL STORES
Est. value
$675,000
MEDICAL BUILDING
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$510,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
2.12 ac
Current owner
From public records · entity-resolved
M & R United INC
Entity
Free & Clear · 12 yrs held
Mailing address
402 HIGH PT DR STE #101, COCOA, FL 32926-6602
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2013
$750,000
M & R United INC
Florida Bk Of Commerce
Grant Deed
—
Oct 11, 2012
—
Florida Bk Of Commerce
Sweni Intl INC Coc
Trustees Deed
related
—
Aug 11, 2005
$400,000
Sweni International INC
Frank Greenberg
Warranty Deed
$260,000 · Prime Bank
May 4, 1999
$327,000
Apollo Preschool Of Palm Bay
Poly-care Corp
Grant Deed
$301,600 · Heller First Capital
May 16, 1996
$17,600
Gregory P Lake
Lake,harry G
Quit Claim Deed
related
—
—
—
Gregory P Lake
—
Deed Of Trust
related
$105,000 · Fidelity Bank Florida
—
—
Sweni International INC
—
Deed Of Trust
related
$2,716,000 · Prime Bank
—
—
Sweni International INC
—
Deed Of Trust
related
$2,716,000 · Prime 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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