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Property profile & analytics
OFF-MARKET
Estimated value
$5,415,000
Strip malls
5275 Babcock NE St Palm Bay, FL 32905-8631
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-4007773
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,934 SF
Lot
6.46 ac (281,398 SF)
Zoning code
CC
APN
28-37-27-51-00000.0-0001.00
UPID
US18-4007773
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
$6.52M
Blend (final)
Blend
$5.42M
Owner & transaction history
Country Club Palm Bay LLC · 19 yrs held
Country Club Palm Bay LLC
since 2006
7 recorded transactions
Zoning & alternative use
CC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 roadways.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,035.88 ac
Source
Realmo
Top alternative use upside
Medical building
$8.8M
+16.9%
Office building
$8.3M
+10.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,520,000
Current use
MEDICAL BUILDING
$8,790,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$8,305,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$5.42M
Range $4.87M – $5.96M · ±10%
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
$99 / 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
$67,527
Tax year 2023
Assessed value
$3,187,560
Assessed 2023
Previous assessed
$2,951,040
+8.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,299,130
Assessed improvement
$1,888,430
Land market value
$1,299,130
Improvement market value
$1,888,430
Total market value
$3,187,560
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
16
Total area
54,934 SF
Lot
6.46 ac (281,398 SF)
Zoning code
CC
APN
28-37-27-51-00000.0-0001.00
UPID
US18-4007773
Jurisdiction
BREVARD
Zoning & alternative use
CC · Palm Bay, FLZoning 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
Zoning description
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 roadways.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,035.88 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$8.8M
OFFICE BUILDING
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
16
Lot
6.46 ac
Current owner
From public records · entity-resolved
Country Club Palm Bay LLC
Entity
Mailing address
696 NE 125TH ST, NORTH MIAMI, FL 33161-5546
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
—
Country Club Palm Bay LLC
—
Deed
related
$1,800,000 · International Finance Bank
Nov 2, 2011
—
Village Plaza Melbourne Stack
—
Deed Of Trust
related
$3,414,912 · Sovereign Bank
Oct 3, 2006
$5,250,000
Country Club Palm Bay LLC
Triangle IV Lllp
Grant Deed
$3,575,000 · Sovereign Bank
Jan 9, 2003
$1,600,000
LLP Triangle IV
Desantis,robert G & Joan C
Grant Deed
—
—
—
Country Club Palm Bay LLC
—
Deed Of Trust
related
$2,970,000 · Eastern National Bank
—
—
Country Club Palm Bay LLC
—
Deed Of Trust
related
$3,414,912 · Sovereign Bank
—
—
LLP Triangle IV
—
Deed Of Trust
related
$1,000,000 · Indian River National Bank
—
—
Country Club Palm Bay LLC
—
Deed Of Trust
related
$3,414,912 · Sovereign Bank
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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