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Property profile & analytics
OFF-MARKET
Estimated value
$10,445,000
Warehouses
Palm Bay, FL 32905
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-6839203
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
STEEL FRAME
Total area
54,475 SF
Lot
5.79 ac (252,212 SF)
Zoning code
CC
APN
28-37-20-52-00000.0-0004.00
UPID
US18-6839203
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
$8.51M
Comparable Approach
Comparable
$10.91M
Blend (final)
Blend
$10.45M
Owner & transaction history
Ss Palm Bay Road LLC · 10 yrs held
Ss Palm Bay Road LLC
since 2016
7 recorded transactions
Zoning & alternative use
CC · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.9M
+139.8%
Auto repair, garage
$12.2M
+73.0%
Retail stores
$9.3M
+32.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,220,000
6.5%
$8,510,000
7%
$7,905,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,035,000
Current use
COMMERCIAL (GENERAL)
$16,865,000
Change: +140% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,170,000
Change: +73% · Conversion: Easy
RETAIL STORES
$9,345,000
Change: +33% · Conversion: Moderate
MEDICAL BUILDING
$8,715,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$8,235,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$10.45M
Range $9.40M – $11.49M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$192 / SF
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
$118,795
Tax year 2023
Assessed value
$6,531,950
Assessed 2023
Previous assessed
$5,725,720
+14.1% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,007,490
Assessed improvement
$5,524,460
Land market value
$1,007,490
Improvement market value
$5,524,460
Total market value
$6,531,950
Applied tax rate
34.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
359
Bathrooms
2
Total area
54,475 SF
Lot
5.79 ac (252,212 SF)
Zoning code
CC
APN
28-37-20-52-00000.0-0004.00
UPID
US18-6839203
Jurisdiction
BREVARD
Zoning & alternative use
CC · Palm Bay, FL
Zoning CC · permitted uses
CC · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$16.9M
AUTO REPAIR, GARAGE
Est. value
$12.2M
RETAIL STORES
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
359
Bathrooms
2
Lot
5.79 ac
Current owner
From public records · entity-resolved
Ss Palm Bay Road LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2018
—
Ss Palm Bay Road LLC
—
Grant Deed
related
$12,259,000 · Citi R/e Fndg INC
May 16, 2016
$12,244,000
Ss Palm Bay Road LLC
Sssp Acquisitions Palm Bay Roa
Grant Deed
—
Oct 27, 2014
—
Sssp Acquisitions Palm Bay Roa
—
Grant Deed
related
$15,750,000 · German Am Cap
Sep 9, 2014
$5,827,500
Acquisitions Palm Bay Roa Sssp
Carmarthenshire Investment LLC
Grant Deed
—
Sep 7, 2007
—
Carmarthenshire Investment LLC
—
Deed Of Trust
related
$2,000,000 · Sunrise Bank
Sep 29, 2003
$3,300,000
Carmarthenshire Investment LLC
Riviera Development Corp Breva
Grant Deed
—
—
—
Carmarthenshire Investment LLC
—
Deed Of Trust
related
$1,000,000 · Sunrise Bank
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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