Entity Owned Property summary
Exceptional investment opportunity: a fully operational car wash in Palm Bay, Florida, listed at $1,600,000. This 0.82-acre property (APN: 28-37-21-75-1693-1, 28-37-21-75-1693-2), located at 4800 & 4812 Babcock St NE, 32905, boasts a 100% occupancy rate and a projected NOI of $178,200, resulting in an attractive pro-forma cap rate of 11.00%. The property is zoned CC and presents significant potential for continued operation as a successful car wash business, given its prime location on a busy street in a growing retail area. Alternatively, the property's size and location offer redevelopment opportunities for investors seeking to capitalize on the area's commercial growth. This turnkey operation provides immediate income and long-term growth potential in a thriving Florida market. The property's strong performance metrics and strategic location make it an ideal acquisition for both experienced and emerging investors seeking a high-return investment in the commercial real estate sector. Serious inquiries only.
Property profile
VerifiedCap rate & NOI
Current use
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Car Wash
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the surrounding community primarily located at or near the intersection of arterial road…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CC · Palm Bay, FLThe intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the surrounding community primarily located at or near the intersection of arterial road…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the surrounding community primarily located at or near the intersection of arterial road…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Palm Bay, FL.
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