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Property profile & analytics
FOR LEASE
Strip malls
4500 Dixie Hwy NE Palm Bay, FL 32905
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4135382
For Lease
1 / 4
Contact for pricing
4500 Dixie Hwy NE, Palm Bay, FL 32905
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Property summary
AI-generated overview
Palm Bay Plaza, located at 4500 Dixie Hwy NE, Palm Bay, FL 32905, presents a unique commercial real estate opportunity. This 35,846 square foot property, built in 1967 and zoned RMH, offers flexible space ideal for various businesses. Currently, 7,448 square feet are vacant, divisible into units ranging from 647 to 6,801 contiguous square feet. The property sits on a 3.27-acre lot and is categorized as Retail, Office, and Restaurant space, with a Traditional Office and Storefront subtype. Multiple tenancies are available. The property is undergoing renovations to create a modern and functional space. This location benefits from its strategic placement in the Palm Bay submarket of Brevard County, Florida, and is poised to benefit from the development of over 800 nearby apartment units, ensuring a strong potential customer base. The property's diverse zoning and flexible space options make it suitable for a wide range of businesses seeking a prominent location in a growing community. Contact us today to learn more about this exciting investment opportunity.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
43,251 SF
Lot
3.27 ac (142,441 SF)
Zoning code
RMH
APN
28-37-24-76-00000.0-0023.00
UPID
US18-4135382
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
$2.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.67M
Owner & transaction history
4500 Dixie Hwy LLC · 1 yrs held
4500 Dixie Hwy LLC
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
RMH · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to accommodate mobile home parks and subdivisions served by adequate community facilities.
Zone name
Residential Mobile Home
General category
RESIDENTIAL
Zone area
236.01 ac
Source
Realmo
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
$2,735,000
ML approach
$2,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±10% · vs last sale $2.60M (Jan 15 2025)
Last sale anchor
$2.60M
Jan 15 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
$62 / 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
$48,811
Tax year 2023
Assessed value
$2,645,090
Assessed 2023
Previous assessed
$2,397,500
+10.3% YoY
Effective rate
1.85%
On assessed value
Assessed land
$532,460
Assessed improvement
$2,112,630
Land market value
$532,460
Improvement market value
$2,112,630
Total market value
$2,645,090
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
12
Total area
43,251 SF
Lot
3.27 ac (142,441 SF)
Zoning code
RMH
APN
28-37-24-76-00000.0-0023.00
UPID
US18-4135382
Jurisdiction
BREVARD
Zoning & alternative use
RMH · Palm Bay, FLZoning RMH · permitted uses
RMH · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to accommodate mobile home parks and subdivisions served by adequate community facilities.
Zone name
Residential Mobile Home
General category
RESIDENTIAL
Zone area
236.01 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
12
Lot
3.27 ac
Current owner
From public records · entity-resolved
4500 Dixie Hwy LLC
Entity
Free & Clear · 1 yrs held
Mailing address
300 VLG SQ XING STE #102, PALM BEACH GARDENS, FL 33410-3223
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$2,600,000
4500 Dixie Hwy LLC
Tri Palm Bay Plaza LLC
Warranty Deed
—
Apr 29, 2010
$1,999,500
Tri Palm Bay Plaza LLC
Theo Realty Investments
Warranty Deed
—
Nov 16, 2007
—
Theo Realty Invs
Tri Palm Bay Plaza LLC
Warranty Deed
related
—
Oct 5, 2007
—
Tri Palm Bay Plaza LLC
Theo Realty Investments
Warranty Deed
—
Jul 28, 2006
—
Theo Rlty Investments
Batmasian,james H
Warranty Deed
related
—
Nov 14, 2005
$3,000,000
Theo Realty Investments
Batmasian,james H
Warranty Deed
$2,250,000 · Landamerica Exchange Co
Aug 29, 2005
—
James H Batmasian
Batmasian,james H & Marta
Quit Claim Deed
related
—
—
—
Tri Palm Bay Plaza LLC
—
Deed Of Trust
related
$1,160,000 · Northern Trust Co
—
—
Tri Palm Bay Plaza LLC
—
Loan Modification
related
$1,160,000 · Northern Tr
—
—
Theo Realty Investments
—
Deed Of Trust
related
$480,000 · Northern Trust Co
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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