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Property profile & analytics
OFF-MARKET
Estimated value
$10,020,000
Assisted living facilities
5405 Babcock NE St Palm Bay, FL 32905-5020
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-2838587
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,724 SF
Lot
6.25 ac (272,250 SF)
Zoning code
CC
APN
28-37-27-00-00512.0-0000.00
UPID
US18-2838587
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
$10.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.02M
Owner & transaction history
5405 Babcock St Ne Fl Owner LLC · 2 yrs held
5405 Babcock St Ne Fl Owner LLC
since 2023
Last sale
$8.9M
7 recorded transactions
Zoning & alternative use
CC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$9.3M
+291.4%
Commercial (general)
$9.3M
+289.1%
Restaurant
$8.6M
+261.4%
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
$11,610,000
ML approach
$10,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,335,000
Change: +291% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,280,000
Change: +289% · Conversion: Difficult
RESTAURANT
$8,620,000
Change: +261% · Conversion: Difficult
RETAIL STORES
$8,520,000
Change: +257% · Conversion: Difficult
OFFICE BUILDING
$6,865,000
Change: +188% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,420,000
Change: +169% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,420,000
Change: +169% · Conversion: Difficult
Blend value · Realmo final
$10.02M
Range $9.02M – $11.02M · ±10% · vs last sale $8.89M (Nov 3 2023)
Last sale anchor
$8.89M
Nov 3 2023
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
$202 / 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
$75,188
Tax year 2023
Assessed value
$3,698,400
Assessed 2023
Previous assessed
$3,625,880
+2.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$574,900
Assessed improvement
$3,123,500
Land market value
$574,900
Improvement market value
$3,123,500
Total market value
$3,698,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
49,724 SF
Lot
6.25 ac (272,250 SF)
Zoning code
CC
APN
28-37-27-00-00512.0-0000.00
UPID
US18-2838587
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
INDUSTRIAL (GENERAL)
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$9.3M
RESTAURANT
Est. value
$8.6M
RETAIL STORES
Est. value
$8.5M
OFFICE BUILDING
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$6.4M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
6.25 ac
Current owner
From public records · entity-resolved
5405 Babcock St Ne Fl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
885 3RD AVE FL, NEW YORK, NY 10022-4834
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2023
$8,888,700
5405 Babcock St Ne Fl Owner LLC
Fc Encore Palm Bay LLC
Special Warranty Deed
—
Apr 1, 2020
—
Ramfl Investment LLC
—
Deed
related
$3,000,000 · First Horizon Bk
Dec 8, 2017
—
Fc Encore Palm Bay LLC
Victory Assembly Of God Palm B
Grant Deed
related
—
Jul 25, 2016
—
Fc Encore Palm Bay LLC
Fc Encore Core Properties LLC
Quit Claim Deed
related
—
Oct 12, 2006
—
Formation Portfolio I LLC
Formation Properties I LLC
Quit Claim Deed
related
—
Jan 14, 2002
—
Formation Properties I LLC
Beverly Enterprises Fl INC
Quit Claim Deed
related
—
Jan 14, 2002
$3,495,300
Beverly Enterprises Fl INC
—
Trustees Deed
related
—
—
—
Franklin H Anderson
—
Deed Of Trust
related
$34,700 · Beacon Financial Group INC
—
—
Mark A Diener
—
Deed Of Trust
related
$147,200 · Harbor Fsb
—
—
Ramfl Investment LLC
—
Deed Of Trust
related
$3,000,000 · First Horizon Bk
—
—
Edward J Goetz
—
Deed Of Trust
related
$158,500 · Crissy Mortgage Corp
—
—
Oscar L Peeples
—
Deed Of Trust
related
$155,000 · First Florida State Mgt
—
—
Robert J Scurto
—
Deed Of Trust
related
$12,065 · Harbor Fsb
—
—
Frank H Zeno
—
Deed Of Trust
related
$135,000 · Huntington National Bank
—
—
Fc Encore Core Properties LLC
—
Deed Of Trust
related
$479,000,000 · Keybank USA
—
—
Douglas C Michels
—
Deed Of Trust
related
$20,495 · Bank Of America
—
—
Franklin H Anderson
—
Deed Of Trust
related
$149,500 · Mortgage America
—
—
Franklin H Anderson
—
Deed Of Trust
related
$126,400 · Lochaven Federal S & L Assn
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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