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Property profile & analytics
OFF-MARKET
Estimated value
$13,180,000
Strip malls
750 Bass Pro NE Dr Palm Bay, FL 32905-6324
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-2414886
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
114,600 SF
Lot
13.47 ac (586,753 SF)
Zoning code
CC
APN
28-37-20-50-0000E.0-0000.00
UPID
US18-2414886
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
$8.14M
Blend (final)
Blend
$13.18M
Owner & transaction history
Jaws Palm Bay LLC · 8 yrs held
Jaws Palm Bay LLC
since 2018
5 recorded transactions
Zoning & alternative use
CC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the surrounding community primarily located at or near the intersection of arterial roadways.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,035.88 ac
Source
Realmo
Top alternative use upside
Retail stores
$19.7M
+25.3%
Medical building
$18.3M
+16.9%
Office building
$17.3M
+10.4%
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
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
$15,690,000
Current use
RETAIL STORES
$19,660,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$18,335,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$17,325,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$13.18M
Range $11.86M – $14.50M · ±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
$115 / 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
$183,214
Tax year 2023
Assessed value
$9,711,110
Assessed 2023
Previous assessed
$9,849,740
-1.4% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,581,710
Assessed improvement
$7,129,400
Land market value
$2,581,710
Improvement market value
$7,129,400
Total market value
$9,711,110
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
3
Total area
114,600 SF
Lot
13.47 ac (586,753 SF)
Zoning code
CC
APN
28-37-20-50-0000E.0-0000.00
UPID
US18-2414886
Jurisdiction
BREVARD
Zoning & alternative use
CC · Palm Bay, FLZoning 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
Zoning description
The intent of this district is to permit the development of commercial activities which offer a wide range of goods and services to the surrounding community primarily located at or near the intersection of arterial roadways.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
1,035.88 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$15.7M
RETAIL STORES
Est. value
$19.7M
MEDICAL BUILDING
Est. value
$18.3M
OFFICE BUILDING
Est. value
$17.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
3
Lot
13.47 ac
Current owner
From public records · entity-resolved
Jaws Palm Bay LLC
Entity
Mailing address
315 N FEDERAL HWY, HOLLYWOOD, FL 33020-4616
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2018
$11,832,061
Jaws Palm Bay LLC
Spt Prairie 750 Bp Drive Ne LLC
Special Warranty Deed
$600,000 · First Republic Bank
Nov 28, 2012
$6,550,000
Bass Pro Outdoor World LLC
1450 Executive Circle Ne-melbo
Grant Deed
—
Jul 22, 2008
—
Circle Ne-melbo 1450 Executive
Astar Finance Falcon I LLC
Warranty Deed
—
Jun 25, 2008
—
Astar Finance Falcon I LLC
Telluride Ents LLC Coc
Trustees Deed
related
—
—
—
Bass Pro Outdoor World LLC
—
Loan Modification
related
$1,740,000,000 · Jp Morgan Chase Bk
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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