Technical
Financial
Distress signals
Property profile

880 Malabar SE Rd Palm Bay, FL 32907

OFF-MARKET
Grocery and convenience stores
Property ID
US18-4933970
4,970 SF 1.49 ac lot Built 2015
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is located in Malabar, Florida and comprises approximately 20 acres of land, providing space suitable for development of a custom estate or private facilities. An existing residence is present but would require removal, and the overall acreage supports potential uses such as construction of a new single-family home and development of site amenities, including private equestrian facilities.

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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Atm
  • Atm
  • Atm
  • Atm Currency Exchange Service

Location

880 Malabar SE Rd Palm Bay, FL 32907-3207
Palm Bay metro Census 71342 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

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

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
Zoning description

The purpose of the restricted commercial district shall be to locate and establish areas within the city which are uniquely suited for commercial development but which are transitioning from residential or other noncomme…

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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