Property profile

67 Emerson Dr Palm Bay, FL 32907

FOR SALE
Land
Property ID
US18-8923575
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67 Emerson Dr, Palm Bay, FL 32907 For Sale
$75,000
67 Emerson Dr, Palm Bay, FL 32907
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Property summary

AI-generated overview

This exceptional 10,019 square foot vacant lot presents a remarkable investment opportunity in the desirable Northwest Palm Bay area, specifically Unit 44. Located at 67 Emerson Drive NW, Palm Bay, FL 32907, this partially cleared lot boasts convenient access to city water and is situated on a well-maintained paved road. The surrounding area is characterized by recently constructed homes, indicating a thriving and growing neighborhood. The property's commercial and residential zoning allows for diverse development possibilities, catering to a range of investment strategies. Its prime location offers the added benefit of proximity to the beach, less than 30 minutes away, enhancing its appeal and potential for future appreciation. The asking price for this attractive parcel is $54,900. Serious inquiries are encouraged to explore the full potential of this exceptional land offering. The property is easily accessible for viewing; feel free to drive by and assess its suitability for your investment goals. This is a rare opportunity to acquire a well-located lot in a rapidly developing area of Palm Bay, Florida.

Property profile

Verified
Property type Land
UPID US18-8923575

Cap rate & NOI

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

Location

67 Emerson Dr Palm Bay, FL 32907
Palm Bay metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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