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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Medical Office Space
785 Jupiter NW Blvd Palm Bay, FL 32907-8209
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-5307265
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2020
Construction
WOOD
Total area
5,859 SF
Lot
1.34 ac (58,370 SF)
Zoning code
NC
APN
28-36-26-KR-02510.0-0041.00
UPID
US18-5307265
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
$1.14M
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$870k
Owner & transaction history
True Path Corp · 18 yrs held
True Path Corp
since 2007
4 recorded transactions
Zoning & alternative use
NC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to allow limited commercial activities offering convenience goods and personal services to residents of the surrounding neighborhood. Development standards and provisions are established to ensure the proper development and location of neighborhood-serving uses, reduce conflicts with adjacent residential uses, and to minimize…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
358.79 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.3M
+39.6%
Office building
$1.2M
+25.3%
Retail stores
$1.0M
+7.2%
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%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$935,000
Current use
AUTO REPAIR, GARAGE
$1,310,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$1,175,000
Change: +25% · Conversion: Easy
RETAIL STORES
$1,005,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$148 / 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
$22,475
Tax year 2023
Assessed value
$1,237,400
Assessed 2023
Previous assessed
$1,192,550
+3.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$233,800
Assessed improvement
$1,003,600
Land market value
$233,800
Improvement market value
$1,003,600
Total market value
$1,237,400
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
5,859 SF
Lot
1.34 ac (58,370 SF)
Zoning code
NC
APN
28-36-26-KR-02510.0-0041.00
UPID
US18-5307265
Jurisdiction
BREVARD
Zoning & alternative use
NC · Palm Bay, FLZoning NC · permitted uses
NC · 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 this district is to allow limited commercial activities offering convenience goods and personal services to residents of the surrounding neighborhood. Development standards and provisions are established to ensure the proper development and location of neighborhood-serving uses, reduce conflicts with adjacent residential uses, and to minimize the interruption of traffic along adjacent thoroughfares.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
358.79 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2020
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
True Path Corp
Entity
Mailing address
785 JUPITER BLVD NW, PALM BAY, FL 32907-8209
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
—
True Path Corp Corp
—
Deed
related
$1,961,000 · First Command Bk
Nov 14, 2007
$800,000
True Path Corp
Mark S Mathusa D V M Pa
Warranty Deed
$1,925,000 · Mountain 1st Bank & Trust
—
—
True Path Corp
—
Deed Of Trust
related
$310,250 · First Command Bk
—
—
True Path Corp Corp
—
Deed Of Trust
related
$1,961,000 · First Command 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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