397 Tobias St Palm Bay, FL 32909
This exceptional 11,326 square foot commercial and residential lot presents a unique opportunity in Palm Bay, Florida. Located at 397 Tobias Street, 32909, this .26-acre parcel offers a desirable corner location and backs onto a canal, ensuring added privacy with no immediate rear neighbors. The property's versatility allows for diverse development possibilities, catering to both commercial and residential ventures. A significant advantage is the completion of both a survey and a prior environmental study, streamlining the development process and minimizing potential delays. This significantly reduces upfront costs and uncertainties often associated with land acquisition. The property's convenient location within Brevard County, Florida, provides easy access to local amenities and transportation networks. Buyers interested in expanding their portfolio with a versatile and well-situated lot should act quickly. An adjacent lot is also available for purchase (MLS #1021879), presenting an opportunity for larger-scale development. This property is ready for its next chapter. Contact us today to schedule a viewing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.