Property profile

440 Thor Ave Palm Bay, FL 32909

OFF-MARKET
Land
Property ID
US18-4171109
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Property summary

AI-generated overview

This exceptional 0.51-acre lot, located at 440 Thor Avenue SE in Palm Bay, Florida, presents a compelling investment opportunity for developers and business owners. The property, encompassing 22,216 square feet, is zoned for residential use but offers significant potential for multi-family development. Situated in the rapidly expanding southeastern area of Palm Bay, this land benefits from strong population and economic growth, making it an ideal location for a new project. Its convenient proximity to major transportation routes ensures excellent accessibility and positioning for any investment. The property's address is 440 Thor Avenue SE, Palm Bay, FL 32909, within Brevard County. The asking price for this strategically located parcel is $129,900. This represents a rare chance to capitalize on the thriving Palm Bay real estate market and secure a significant stake in one of Florida's most desirable areas. The property's classification includes Commercial, Apartment Building, and Residential uses, making it versatile and adaptable to a range of development plans. Don't miss this chance to acquire a piece of Palm Bay's burgeoning future.

Property profile

Verified
Property type Land
UPID US18-4171109

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

440 Thor Ave Palm Bay, FL 32909
Palm Bay metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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