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Property profile & analytics
OFF-MARKET Estimated value $1,365,000
Schools

4400 Dixie NE Hwy Palm Bay, FL 32905-4334

30,879 SF 6.92 ac lot Built 1986
Entity Owned 15-yr Hold Free & Clear
Property ID
US18-4455127
Property summary
AI-generated overview

This exceptional 6.36-acre waterfront campus in Palm Bay, Florida, presents a unique mixed-use investment opportunity. The property boasts two buildings totaling 39,234 square feet, strategically located on US Highway 1 (Dixie Hwy) with over 850 feet of waterfront frontage. The main building, encompassing 29,617 square feet, has undergone recent renovations, featuring 70% office space and 30% shell space ready for customization. The second building, a 9,657 square foot shell, currently serves as storage. The property offers ample parking with two separate lots, allowing for expansion. Approved uses include high-density multifamily, corporate/medical offices, retail, and hospitality, aligning perfectly with the Bayfront Village's vision for a pedestrian-friendly, mixed-use community. The property is zoned BMU and features a 12-foot ceiling height in the renovated building. Its prime location along US-1 ensures high visibility and accessibility, with an estimated 22,000 vehicles passing daily. The asking price is $4,950,000, translating to $126.17 per square foot. This presents a compelling investment opportunity within a thriving community poised for significant growth, situated within the Bayfront Community Development District. A nearby planned 370-unit multifamily project further underscores the area's development potential. The property's APN is 28-37-24-29-00000.0-0006.00. The address is 4400 Dixie Hwy NE, Palm Bay, FL 32905.

Property profile
Verified
Property type Schools
Use group COLLEGE, UNIVERSITY, VOC SCHOOL
Year built 1986
Construction WOOD
Total area 30,879 SF
Lot 6.92 ac (301,435 SF)
Zoning code HC
APN 28-37-24-29-00000.0-0006.00
UPID US18-4455127
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
$1.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$1.37M
Owner & transaction history
Florida Inst Of Technology INC · 15 yrs held
Florida Inst Of Technology INC
since 2011
2 recorded transactions
2011
$800,000
1998
$1.4M
Zoning & alternative use
HC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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