584 Garbelmann St Palm Bay, FL 32908
This exceptional 10,019 square foot commercial and residential land parcel presents a unique investment opportunity in the desirable Port Malabar Unit #32 area of Southwest Palm Bay, Florida. Located near the renowned Bayside Lakes community, this property is one of two adjacent lots, offering the potential for side-by-side development. A drainage right-of-way easement is situated at the rear of the property. The convenient location provides easy access to essential amenities and services. It's a short 5-minute drive (1.9 miles) to Bayside High School and a 7-minute drive (3.1 miles) to a Publix supermarket. For those seeking recreational activities, the beautiful beaches of Indialantic are just a 33-minute drive (15.6 miles) away, while Melbourne Airport is approximately 27 minutes away (13 miles). The property's address is 584 Garbelmann Street, Palm Bay, FL 32908. Directions from I-95 exit 176 involve traveling west on Palm Bay Road NE for 0.7 miles, turning left onto Minton Road for 2.5 miles, then right onto Malabar Road for 1 mile, left onto Garvey Road for 2 miles, and finally left onto Garbelmann Street. The lot is on the right. The adjacent lot is a corner lot, and the owner is open to selling both lots together.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.