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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Medical Office Space
3970 Dixie NE Hwy Palm Bay, FL 32905-3678
Entity Owned
~
Est. High Equity
Property ID
US18-6478499
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,755 SF
Lot
0.49 ac (21,344 SF)
Zoning code
BMU
APN
28-37-24-26-00003.A-0004.00
UPID
US18-6478499
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
$535k
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$580k
Owner & transaction history
Ckr Realty Group LLC
Ckr Realty Group LLC
since 2025
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
BMU · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$855,000
+93.5%
Auto repair, garage
$615,000
+39.6%
Retail stores
$475,000
+7.2%
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%
$580,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$440,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +94% · Conversion: Easy
AUTO REPAIR, GARAGE
$615,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$475,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$415,000
Change: -6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$375,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$355,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $600k (Sep 22 2025)
Last sale anchor
$600k
Sep 22 2025
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
$211 / 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
$10,487
Tax year 2023
Assessed value
$556,800
Assessed 2023
Previous assessed
$122,330
+355.2% YoY
Effective rate
1.88%
On assessed value
Assessed land
$98,070
Assessed improvement
$458,730
Land market value
$98,070
Improvement market value
$458,730
Total market value
$556,800
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,755 SF
Lot
0.49 ac (21,344 SF)
Zoning code
BMU
APN
28-37-24-26-00003.A-0004.00
UPID
US18-6478499
Jurisdiction
BREVARD
Zoning & alternative use
BMU · Palm Bay, FL
Zoning BMU · permitted uses
BMU · 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
MEDICAL BUILDING Current
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES
Est. value
$475,000
OFFICE BUILDING
Est. value
$415,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$375,000
WAREHOUSE, STORAGE
Est. value
$355,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Ckr Realty Group LLC
Entity
Mailing address
3970 DIXIE NE HWY NE, PALM BAY, FL 32905
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
$600,000
Ckr Realty Group LLC
Edward Paul Sikoski
Warranty Deed
$400,000 · Space Coast Cu
Dec 6, 2019
—
Sikoski Properties I LLC
Jennifer M Spedick-sikoski
Quit Claim Deed
related
—
Jun 30, 2009
$145,000
Jennifer Mary Spedick Sikoski
Donald R Cast
Warranty Deed
$130,500 · Wells Fargo Bank NA
—
—
Palm Bay Animal Hospital INC
—
Deed Of Trust
related
$50,000 · Donald R & Brenda K Cast
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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