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Property profile & analytics
OFF-MARKET Estimated value $760,000
Grocery and convenience stores

880 Malabar SE Rd Palm Bay, FL 32907-3207

4,970 SF 1.49 ac lot Built 2015
Entity Owned 3-yr Hold Free & Clear
Property ID
US18-4933970
Property summary
AI-generated overview

This exceptional 823,719.6 square foot commercial land parcel presents a unique investment opportunity in the desirable Malabar, Florida area. Located at 0000 W Of 880 Malabar Road, zip code 32950, this expansive property offers nearly 20 acres of buildable land, providing ample space for a wide range of commercial ventures. The property is zoned for commercial use (specific zoning details should be independently verified). Built in 1963, the existing structure on the property requires demolition, presenting a blank canvas for a new development. The single-story building currently on site is not suitable for continued use. Buyers should conduct their own due diligence regarding zoning regulations and permitted uses. The location offers convenient access to local amenities, including shopping and dining options, while still maintaining a connection to the charming community of Malabar. This substantial acreage is perfect for developers seeking a large-scale project, offering the potential for a variety of uses, from custom homes to commercial developments or even specialized facilities. The property's size and location make it a highly attractive investment opportunity in a growing Florida market. The asking price is $1,300,000. Serious inquiries only.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE (W/FUEL PUMP)
Year built 2015
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,970 SF
Lot 1.49 ac (64,904 SF)
Zoning code RC
APN 29-37-05-GJ-00305.0-0009.00
UPID US18-4933970
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
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$760k
Owner & transaction history
Obsidian Ml 8 LLC · 3 yrs held
Obsidian Ml 8 LLC
since 2023
5 recorded transactions
2023
Price N/A
2015
$1.2M
2012
$350,000
2011
$802,500
2004
$699,000
Zoning & alternative use
RC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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