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Property profile & analytics
OFF-MARKET
Shopping centers
5015 Babcock NE St Palm Bay, FL 32905-4603
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-5047108
Property summary
AI-generated overview
This 1.3-acre development site, located at 5015 Babcock Street NE in Palm Bay, Florida (zip code 32905), presents a compelling investment opportunity. Zoned HC (Highway Commercial), this rectangular parcel boasts 202 feet of frontage on Babcock Street and a depth of 280 feet. The property offers convenient access to Babcock Street via a driveway with a median cut, and includes 20 existing parking spaces. An eight-inch water line is already in place. The land is largely cleared, filled, and sits above street grade. This location benefits from high traffic volume
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1990
Total area
6,100 SF
Lot
1.3 ac (56,628 SF)
Zoning code
HC
APN
28-37-27-00-00279.0-0000.00
UPID
US18-5047108
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Palm Bay Property Holdings LLC · 12 yrs held
Palm Bay Property Holdings LLC
since 2013
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,848
Tax year 2023
Assessed value
$262,180
Assessed 2023
Previous assessed
$262,180
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$248,860
Assessed improvement
$13,320
Land market value
$248,860
Improvement market value
$13,320
Total market value
$262,180
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
1990
Heating
YES
Cooling
YES
Stories
1
Total area
6,100 SF
Lot
1.3 ac (56,628 SF)
Zoning code
HC
APN
28-37-27-00-00279.0-0000.00
UPID
US18-5047108
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
1990
Heating
YES
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Palm Bay Property Holdings LLC
Entity
Mailing address
1915 RIO VIS DR, FORT PIERCE, FL 34949-3431
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2013
$250,100
Palm Bay Property Holdings LLC
Plante,daniel H
Warranty Deed
$250,000 · Daniel H Plante
Jan 24, 2007
$875,000
Bt Property Service LLC
Matarazzo,alphonse J JR
Warranty Deed
$675,000 · Alphonse J JR Matarazzo
Aug 24, 2005
$950,000
Alphonse J Matarazzo JR.
Jasperson,jay
Warranty Deed
—
—
—
Jay Jasperson
—
Deed Of Trust
related
$100,000 · James Hoyer Newcomer & Smiljan
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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