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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Office buildings
852 Jupiter NW Blvd Palm Bay, FL 32907-8208
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-5214686
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,668 SF
Lot
0.92 ac (40,075 SF)
Zoning code
NC
APN
28-36-26-KN-02132.0-0007.00
UPID
US18-5214686
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
$1.52M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
Gerald D Fraser · 1 yrs held
Gerald D Fraser
since 2025
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
NC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+90.6%
Commercial (general)
$1.8M
+54.5%
Auto repair, garage
$1.3M
+11.5%
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
$1,580,000
ML approach
$1,515,000
CAP Approach
CAP Return
Estimation
6%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,135,000
Current use
RESTAURANT
$2,165,000
Change: +91% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,755,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,265,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$970,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.50M (Mar 28 2025)
Last sale anchor
$1.50M
Mar 28 2025
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
$269 / 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
$9,460
Tax year 2023
Assessed value
$541,200
Assessed 2023
Previous assessed
$492,000
+10.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$159,850
Assessed improvement
$381,350
Land market value
$159,850
Improvement market value
$381,350
Total market value
$541,200
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
3
Total area
5,668 SF
Lot
0.92 ac (40,075 SF)
Zoning code
NC
APN
28-36-26-KN-02132.0-0007.00
UPID
US18-5214686
Jurisdiction
BREVARD
Zoning & alternative use
NC · Palm Bay, FL
Zoning 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
Palm Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$970,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
3
Lot
0.92 ac
Current owner
From public records · entity-resolved
Gerald D Fraser
Individual
Free & Clear · 1 yrs held
Mailing address
97 PUDDLE DUCK LN, PALM BAY, FL 32909-6122
Ownership since
2025
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 28, 2025
—
Gerald D Fraser
Debra Fraser Marrero Fraser
Deed
related
—
Aug 19, 2024
$1,500,000
Palm Bay INC
Pauline R Oakley
Warranty Deed
$1,410,000 · South State Bank NA
Mar 8, 2019
—
Pauline R Oakley
—
Deed
related
$420,000 · K-pac LLC
Jun 16, 2017
—
Pauline R Oakley
Adams,brian J
Quit Claim Deed
related
—
—
—
Pauline R Oakley
—
Deed Of Trust
related
$420,000 · K-pac LLC
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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