906 Cotorro Rd Palm Bay, FL 32909
This exceptional 10,019 square foot vacant lot presents a unique investment opportunity in Palm Bay, Florida. Located at 906 Cotorro Road SE, zip code 32909, this property is zoned for both commercial and residential use, offering considerable flexibility for developers. The lot is situated in a well-maintained area with convenient access to paved roads and city water. Its prime location offers proximity to a range of amenities, including Columbia Elementary School, Southwest Middle School, Bayside High School, and Eastern Florida State College, ensuring a strong potential for residential development. Furthermore, the close proximity to shopping centers, recreational parks, and restaurants enhances its appeal for commercial ventures. The asking price for this versatile property is $65,000. This represents a compelling opportunity to capitalize on the growing demand for both residential and commercial spaces in this desirable Palm Bay location. The property's size and zoning make it suitable for a variety of development projects, from single-family homes to small commercial buildings. Interested parties are encouraged to conduct their own due diligence and explore the possibilities this land offers. The lot is conveniently located in Unit 11.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.