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Property profile

490 Centre Lake Dr Ne Palm Bay, FL 32907

FOR LEASE
Office buildings
Property ID
US18-5797959
19,113 SF 1.7 ac lot Built 1998
Last sale Nov 2021 · $2,472,300
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A first-floor office suite within an 18,505-square-foot commercial property in Palm Bay, Florida. The space is configured with a reception area, eight individual offices, an open bullpen for shared work, and a dedicated conference room, combining private work areas with shared meeting and operational space. The building’s lobby/entry area was renovated in November 2025. The office space is identified as Suite 150.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$44k
Tax billed · 2023
Assessed value$2.42M
Assessed land$200k
Assessed improvement$2.22M
Effective rate1.84%

Value estimate

· Oct 2026
$2.97M
$2.67M – $3.27M
AI approach$3.05M
CAP approach$4.27M
Submarket $/SF estimate$3.95M
NOI build-up
Gross scheduled income$57k
Vacancy & credit loss−$9k
Operating expenses−$12k
NOI · 230,283.87% cap applied$36k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$200/SF
Submarket average, outlier-cleaned · 326 recorded sales of this use type
Observed band · Q1–Q3$140 – $294

Cap rate analysis

How does the asset earn?
230,283.87%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CC
The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the s...
General categoryCOMMERCIAL
JurisdictionBREVARD

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply23.9
Law Firm22.9
Realty agency17.2

Location

490 Centre Lake Dr Ne Palm Bay, FL 32907
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1491 Emerson NE, Palm Bay, FL 32907-3293 $4,700,000 Jul 2025 2,250 SF
852 Jupiter NW, Palm Bay, FL 32907-8208 $1,500,000 Mar 2025 5,668 SF
828 Malabar SE, Palm Bay, FL 32907-3207 $150,000 Nov 2024 2,414 SF
1516 Norman NE, Palm Bay, FL 32907-2504 $1,720,000 Nov 2023 3,256 SF
5030 Minton NW, Palm Bay, FL 32907-1100 $1,050,000 May 2022 4,592 SF
1430 Culver NE, Palm Bay, FL 32907-1132 $232,500 Mar 2020 22,470 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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