Property profile

555 Fernwood Ave Palm Bay, FL 32907

OFF-MARKET
Land
Property ID
US18-5555399
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Property summary

AI-generated overview

Exceptional opportunity to acquire a 10,019 square foot lot in Palm Bay, Florida. This versatile property is zoned Rs2, suitable for both commercial and residential development. Located in the highly desirable northwest section of Palm Bay, this 0.23-acre parcel offers convenient access to essential amenities. It's a short 7-minute drive to Winn Dixie supermarket and McAuliffe Elementary School. Commuting is also easy, with Melbourne Airport just a 21-minute drive (10.2 miles) and the beaches of Indialantic a 29-minute drive (13.3 miles) away. The property includes a drainage right-of-way easement canal at the rear. Detailed directions are available: From I-95 exit 176, travel west on Palm Bay Road for 0.7 miles, turn left onto Minton Road for 0.2 miles, then right onto Emerson Drive for 1.5 miles. Continue left onto Jupiter Boulevard for 1.3 miles, then right onto Serenade Street for 0.3 miles, and finally left onto Fernwood Avenue. The lot is on the left. The asking price for this attractive property is $45,000.

Property profile

Verified
Property type Land
UPID US18-5555399

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

555 Fernwood Ave Palm Bay, FL 32907
Palm Bay metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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