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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Car washes
4800 Babcock NE St Palm Bay, FL 32905-2839
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3831720
Property summary
AI-generated overview
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
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,157 SF
Lot
0.39 ac (16,988 SF)
Zoning code
CC
APN
28-37-21-75-01693.0-0001.00
UPID
US18-3831720
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
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$930k
Owner & transaction history
Aminah Re LLC · 4 yrs held
Aminah Re LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
CC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$670,000
+38.6%
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
$1,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$670,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $1.00M (Feb 21 2022)
Last sale anchor
$1.00M
Feb 21 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
$431 / 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
$6,141
Tax year 2023
Assessed value
$318,900
Assessed 2023
Previous assessed
$318,900
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$136,800
Assessed improvement
$182,100
Land market value
$136,800
Improvement market value
$182,100
Total market value
$318,900
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
2,157 SF
Lot
0.39 ac (16,988 SF)
Zoning code
CC
APN
28-37-21-75-01693.0-0001.00
UPID
US18-3831720
Jurisdiction
BREVARD
Zoning & alternative use
CC · Palm Bay, FL
Zoning CC · permitted uses
CC · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$670,000
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Aminah Re LLC
Entity
Mailing address
4800 BABCOCK ST NE, PALM BAY, FL 32905-2839
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2022
$1,000,000
Aminah Re LLC
Jmfd Corporation
Warranty Deed
—
May 26, 2020
$90,000
Hernan Restrepo
Jmfd Corp
Quit Claim Deed
related
—
Oct 28, 2019
$100
Jmfd Corp
John Mejia
Quit Claim Deed
related
—
May 18, 2018
$250,000
John Mejia
Rollins,elizabeth A
Warranty Deed
—
May 8, 2017
—
Jmfd Corp
—
Deed
related
$483,000 · American Momentum Bk
Oct 26, 2006
$740,000
Jmfd Corp
Rohitkumar D Patel
Warranty Deed
$369,500 · Eastern Financial Florida Cu
Jun 7, 2001
$280,000
Rohitkumar D Patel
Behrman,jacquelin & Gerda
Grant Deed
$187,500 · Colonial Bank
Dec 2, 1999
$190,000
Jacquelin Behrmann
Schluessell,geraldine R
Grant Deed
$160,000 · Seller
Sep 20, 1999
$166,000
Geraldine R Schluessell
Miller,jeffrey C
Quit Claim Deed
related
—
—
—
Jmfd Corp
—
Deed Of Trust
related
$483,000 · American Momentum Bk
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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