Technical
Financial
Distress signals
Property profile

840 Palm Bay NE Rd Palm Bay, FL 32905

OFF-MARKET
Turn key restaurants
Property ID
US18-4780164
5,050 SF 0.9 ac lot Built 1997
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1997
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,050 SF
Lot 0.9 ac (39,204 SF)
Zoning code CC
APN 28-37-20-51-00000.0-0005.00
UPID US18-4780164

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Restaurant Take-out & Catering

Location

840 Palm Bay NE Rd Palm Bay, FL 32905-6349
Palm Bay metro Census 65131 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
$810k
Blend (final) Blend
$490k

Owner & transaction history

since 2017
2 recorded transactions
2017
$1.5M
1997
$388,000

Zoning & alternative use

CC · Palm Bay, FL
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 road…

General category COMMERCIAL

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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