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Property profile

942 Thompson Rd Palm Bay, FL 32905

OFF-MARKET
Land
Property ID
US18-2914080
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Property summary

AI-generated overview

This exceptional 17,424 square foot lot, located at 942 SW Thompson in Palm Bay, Florida, presents a unique dual-use opportunity. Zoned for both commercial and residential development, this property offers significant potential for investors seeking diverse development options within the thriving Brevard County market. The lot is situated in unit 20 and comes complete with a readily available survey, streamlining the development process and minimizing pre-construction hurdles. Its prime location in Palm Bay, Florida, zip code 32905, provides easy access to major transportation routes, local amenities, and a growing population base. The asking price for this versatile land parcel is $65,000, representing a compelling entry point into the Florida real estate market. The property's size and zoning flexibility make it ideal for a range of projects, from small-scale commercial ventures to residential construction. With its existing survey, this lot offers a significant advantage over comparable properties, reducing time and costs associated with pre-development site assessments. Serious inquiries are encouraged to explore the full potential of this attractive investment opportunity. The coordinates for the property are latitude 28.0298719 and longitude -80.6049374.

Property profile

Verified
Property type Land
UPID US18-2914080

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

942 Thompson Rd Palm Bay, FL 32905
Palm Bay metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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