422 Martin Rd SE Palm Bay, FL 32909
For Sale
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This exceptional 4,680 sq ft mixed-use property in Palm Bay, Florida, is offered at $1,225,000. Situated on a spacious 25,264.8 sq ft lot, this single-story, 2009-built building is zoned 'General Commercial,' allowing for diverse uses. Currently configured as an adult day care facility with medical overtones, the property features a well-designed concrete block structure with a metal roof, high ceilings, ceramic flooring, multiple community rooms, offices, two commercial kitchens, ample bathrooms, laundry facilities, and pantries. Additional amenities include a covered wrap-around porch, screened porch, portico, sprinkler system, 20 parking spaces, and perimeter fencing. Its strategic location near I-95, Palm Bay Hospital, and major roadways offers excellent visibility and accessibility. The business currently operating on the premises is excluded from the sale but may be negotiated separately. Owner financing is considered. Exposure and signage are available on Babcock Street. Detailed zoning information, floor plans, and maps are available. This property presents a unique opportunity for various medical facilities, clinics, laboratories, or research and development businesses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.