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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Strip malls
580 Malabar SE Rd Palm Bay, FL 32907-3107
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-2396859
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
CONCRETE
Total area
10,571 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RC
APN
29-37-06-04-00000.0-0001.00
UPID
US18-2396859
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
$1.56M
Blend (final)
Blend
$1.26M
Owner & transaction history
Misci LLC · 7 yrs held
Misci LLC
since 2019
7 recorded transactions
Zoning & alternative use
RC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the restricted commercial district shall be to locate and establish areas within the city which are uniquely suited for commercial development but which are transitioning from residential or other noncommercial development to commercial use. Such areas to be primarily along major transportation corridors connecting other community commercial c…
Zone name
Restricted Commercial
General category
COMMERCIAL
Zone area
57.52 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.8M
+25.3%
Medical building
$1.7M
+16.9%
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
$1,445,000
Current use
RETAIL STORES
$1,815,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$1,690,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±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
$119 / 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
$24,769
Tax year 2023
Assessed value
$1,075,580
Assessed 2023
Previous assessed
$1,035,480
+3.9% YoY
Effective rate
2.30%
On assessed value
Assessed land
$556,160
Assessed improvement
$519,420
Land market value
$556,160
Improvement market value
$519,420
Total market value
$1,075,580
Applied tax rate
54.0000
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
2007
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
7
Total area
10,571 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RC
APN
29-37-06-04-00000.0-0001.00
UPID
US18-2396859
Jurisdiction
BREVARD
Zoning & alternative use
RC · Palm Bay, FLZoning RC · permitted uses
RC · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the restricted commercial district shall be to locate and establish areas within the city which are uniquely suited for commercial development but which are transitioning from residential or other noncommercial development to commercial use. Such areas to be primarily along major transportation corridors connecting other community commercial clusters. The uses and development standards included in the district are intended to provide compatibility between uses, protect nearby residential districts, provide access control along corridors, provide quality development, enhance corridor appearance, and provide additional commercial opportunities within the city.
Zone name
Restricted Commercial
General category
COMMERCIAL
Zone area
57.52 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL 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
2007
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
7
Lot
0.29 ac
Current owner
From public records · entity-resolved
Misci LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 272313, TAMPA, FL 33688-2313
Ownership since
2019
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
Dec 23, 2019
—
Joseph Digerlando
—
Loan Modification
related
$20,000,000 · Valley Nat'l Bk
Feb 28, 2019
—
Misci LLC
Florida Equity Capital LLC
Grant Deed
related
—
Aug 11, 2014
—
Joseph Digerlando
—
Loan Modification
related
$20,000,000 · Usameribank
Dec 7, 2011
—
Joseph Digerlando
—
Deed Of Trust
related
$5,000,000 · Usameribank
Jul 16, 2010
$3,500,000
Florida Equity Capital LLC
Colonial Square LLC
Warranty Deed
—
—
—
Joseph Digerlando
—
Loan Modification
related
$4,999,900 · Usameribank
—
—
Florida Equity Capital LLC
—
Deed Of Trust
related
$2,500,000 · Usameribank
—
—
Colonial Square LLC
—
Deed Of Trust
related
$385,457 · Colonial 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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