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Property profile

984 Underhill Ave SE Palm Bay, FL 32909

FOR SALE
Land
Property ID
US18-4800433
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Property summary

AI-generated overview

This exceptional 10,454 square foot lot presents a unique investment opportunity in Palm Bay, Florida. Zoned Rs2, it's ideally suited for single-family residential development. Enjoy a desirable location in Port Malabar Unit #15, near Bayside Lakes and the PGA Majors Golf Course. Convenience is key with proximity to essential amenities: a Publix supermarket (3.3 miles/8 minutes), Bayside High and Westside Elementary Schools (4.7 miles/10 minutes), and the Shoppes of Palm Bay (2.0 miles/6 minutes). Beach lovers will appreciate the short 14.3-mile (24-minute) drive to the shores of Indialantic. The property's address is 984 Underhill Avenue SE, Palm Bay, FL 32909, easily accessible from I-95 Exit 173 via Malabar Road, San Filippo Drive SE, Foundation Park Boulevard SE, and Underhill Avenue SE. This lot offers a blend of residential tranquility and convenient access to shopping, schools, and recreational activities, making it an attractive proposition for builders and investors alike. The asking price for this remarkable property is $60,000. This is a rare opportunity to acquire a buildable lot in a highly sought-after area of Palm Bay. Don't miss out on this chance to secure your piece of Florida real estate.

Property profile

Verified
Property type Land
UPID US18-4800433

Cap rate & NOI

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

Location

984 Underhill Ave SE Palm Bay, FL 32909
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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