880 Malabar SE Rd Palm Bay, FL 32907-3207
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RC · Palm Bay, FLPalm Bay. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.