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Property profile & analytics
OFF-MARKET
Drive through restaurants
898 Malabar SE Rd, Palm Bay, FL 32907-3249
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-3631663
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,364 SF
Lot
0.79 ac (34,412 SF)
Zoning code
RC
APN
29-37-05-GJ-00306.0-0011.00
UPID
US18-3631663
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patel Malabar Building LLC · 11 yrs held
Patel Malabar Building LLC
since 2015
6 recorded transactions
Zoning & alternative use
RC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,052
Tax year 2023
Assessed value
$583,020
Assessed 2023
Previous assessed
$577,460
+1.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$268,410
Assessed improvement
$314,610
Land market value
$268,410
Improvement market value
$314,610
Total market value
$583,020
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,364 SF
Lot
0.79 ac (34,412 SF)
Zoning code
RC
APN
29-37-05-GJ-00306.0-0011.00
UPID
US18-3631663
Jurisdiction
BREVARD
Zoning & alternative use
RC · Palm Bay, FL
Zoning RC · permitted uses
RC · 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.
Building & site characteristics
From public records
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Patel Malabar Building LLC
Entity
Mailing address
991 STINSON WAY STE #401, WEST PALM BCH, FL 33411-3739
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2015
$1,200,000
Patel Malabar Building LLC
Namaste Properties LLC
Trustees Deed
$1,020,000 · Bank Of America
Oct 23, 2008
—
Namaste Properties LLC
Bryan,c Joseph & Sharon H
Warranty Deed
—
Jun 15, 2007
$1,065,300
C Joseph Bryan
Dd Of Palm Bay LLC
Warranty Deed
—
Mar 16, 2005
—
Dd Of Palm Bay LLC
—
Trustees Deed
related
$502,837 · First Nat'l Bk & Tr Treasure C
Mar 29, 2004
$232,000
D D Of Palm Bay LLC
Currier,donald O
Grant Deed
$192,000 · First Nat'l Bk & Tr Treasure C
Jan 5, 2004
$45,000
D D Of Palm Bay LLC
Abruzzi,tr
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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