Technical
Financial
Distress signals
Property profile

4400 Dixie NE Hwy Palm Bay, FL 32905

OFF-MARKET
Schools
Property ID
US18-4455127
30,879 SF 6.92 ac lot Built 1986
Entity Owned 15-yr Hold Free & Clear
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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

Location

4400 Dixie NE Hwy Palm Bay, FL 32905-4334
Palm Bay metro Census 65201 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2011
2 recorded transactions
2011
$800,000
1998
$1.4M

Zoning & alternative use

HC · Palm Bay, FL
Zoning description

The intent of this district is to permit highway oriented businesses and regional scale facilities located along or near the intersection of major arterials and transportation nodes.

General category COMMERCIAL

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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