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Property profile & analytics
FOR LEASE
Apartment buildings
4700 Dixie Hwy NE, Palm Bay, FL 32905
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2848800
For Lease
1 / 2
$15 SF/Yr
4700 Dixie Hwy NE, Palm Bay, FL 32905
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
76,534 SF
Lot
4.33 ac (188,615 SF)
Zoning code
HC
APN
28-37-25-09-00000.0-000A.00
UPID
US18-2848800
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
$11.02M
CAP Approach
CAP
$12.06M
Comparable Approach
Comparable
$12.52M
Blend (final)
Blend
$12.98M
Owner & transaction history
Indian River Flats LLC · 3 yrs held
Indian River Flats LLC
since 2022
Last sale
$14.7M
7 recorded transactions
Zoning & alternative use
HC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$11,020,000
CAP Approach
CAP Return
Estimation
6%
$13,055,000
6.5%
$12,055,000
7%
$11,190,000
Blend value · Realmo final
$12.98M
Range $11.68M – $14.27M · ±10% · vs last sale $14.65M (Aug 16 2022)
Last sale anchor
$14.65M
Aug 16 2022
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
$170 / 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
$213,699
Tax year 2023
Assessed value
$11,288,240
Assessed 2023
Previous assessed
$3,876,430
+191.2% YoY
Effective rate
1.89%
On assessed value
Assessed land
$990,630
Assessed improvement
$10,297,610
Land market value
$990,630
Improvement market value
$10,297,610
Total market value
$11,288,240
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Lease
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
122
Total area
76,534 SF
Lot
4.33 ac (188,615 SF)
Zoning code
HC
APN
28-37-25-09-00000.0-000A.00
UPID
US18-2848800
Jurisdiction
BREVARD
Zoning & alternative use
HC · Palm Bay, FL
Zoning HC · permitted uses
HC · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
122
Lot
4.33 ac
Current owner
From public records · entity-resolved
Indian River Flats LLC
Entity
Mailing address
5114 FT HAMILTON PKWY, BROOKLYN, NY 11219-4006
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
$14,650,000
Indian River Flats LLC
Palm Bay Partners Holdings LLC
Special Warranty Deed
$9,000,000 · New York Community Bank
Oct 12, 2020
—
Palm Bay Partners Holdings LLC
—
Deed
related
$230,000 · Brpx LLC
Apr 15, 2019
—
Palm Bay Partners Holdings LLC
—
Deed
related
$1,500,000 · Brpx LLC
Jan 31, 2019
$100
Palm Bay Partners Holdings LLC
Dl Real Estate Holding Coc
Trustees Deed
related
—
Nov 10, 2016
$2,039,900
Dl Real Estate Holdings LLC
4700 Dixie Hwy LLC
Warranty Deed
$2,300,000 · Black River Partners I LLC
Nov 30, 2015
$2,450,000
4700 Dixie Hwy LLC
Stf Investments LLC
Grant Deed
$1,200,000 · Private Individual
Nov 30, 2015
$2,039,843
Tropical Wellness Center LLC
4700 Dixie Hwy LLC
Dual Purpose Document
$2,039,843 · Private Individual
Apr 7, 2005
$2,133,000
Stf Investments LLC
Santram INC
Warranty Deed
—
—
—
Stf Investments LLC
—
Deed Of Trust
related
$300,000 · Ruben Valdes
—
—
Palm Bay Partners Holdings LLC
—
Deed Of Trust
related
$1,500,000 · Brpx LLC
—
—
Stf Investments LLC
—
Deed Of Trust
related
$3,800,000 · New Frontier Bank
—
—
Stf Investments LLC
—
Deed Of Trust
related
$2,500,000 · Compass Bank
—
—
Palm Bay Partners Holdings LLC
—
Deed Of Trust
related
$230,000 · Brpx LLC
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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