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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Shopping centers
Palm Bay, FL 32905
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-7119982
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Lot
9.48 ac (412,949 SF)
Zoning code
LI
APN
28-37-14-77-00002.0-0000.00
UPID
US18-7119982
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
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
Tibbetts Lumber Co LLC · 4 yrs held
Tibbetts Lumber Co LLC
since 2021
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
LI · Palm Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to accommodate light manufacturing, warehousing, distribution, wholesaling and other light industrial uses.
Zone name
Light Industrial And Warehousing
General category
INDUSTRIAL
Zone area
1,662.68 ac
Source
Realmo
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
$1,080,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $900k (Nov 2 2021)
Last sale anchor
$900k
Nov 2 2021
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
—
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
$13,413
Tax year 2023
Assessed value
$715,050
Assessed 2023
Previous assessed
$715,480
-0.1% YoY
Effective rate
1.88%
On assessed value
Assessed land
$711,000
Assessed improvement
$4,050
Land market value
$711,000
Improvement market value
$4,050
Total market value
$715,050
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Heating
YES
Cooling
YES
Lot
9.48 ac (412,949 SF)
Zoning code
LI
APN
28-37-14-77-00002.0-0000.00
UPID
US18-7119982
Jurisdiction
BREVARD
Zoning & alternative use
LI · Palm Bay, FLZoning LI · permitted uses
LI · Palm Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to accommodate light manufacturing, warehousing, distribution, wholesaling and other light industrial uses.
Zone name
Light Industrial And Warehousing
General category
INDUSTRIAL
Zone area
1,662.68 ac
Source
Realmo
Building & site characteristics
From public records
Heating
YES
Cooling
Yes
Lot
9.48 ac
Current owner
From public records · entity-resolved
Tibbetts Lumber Co LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2857 EXECUTIVE DR, CLEARWATER, FL 33762-2263
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2021
$900,000
Tibbetts Lumber Co LLC
Fibertronics INC
Warranty Deed
—
May 10, 2017
$395,000
Fibertronics INC
Ocean Holdings Of Brevard LLC
Warranty Deed
—
Oct 1, 2010
—
Ocean Holdings Of Brevard LLC
Hammond,nathan A
Quit Claim Deed
related
—
Jul 26, 2005
—
Nathan A Hammond
—
Trustees Deed
related
$2,350,200 · Bank Of America
Apr 15, 2005
$380,000
Nathan A Hammond
Vac Ents INC Of South Florida
Warranty Deed
$285,000 · Bank Of America
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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