When was property at 1206 Malabar Road Southeast built and last sold?

The property at 1206 Malabar Road Southeast was built in 2009 and last sold on Dec 19, 2008 for $950,000.

How much is this home worth?

The estimated value of the home located at 1206 Malabar Road Southeast is $8,332,500.

What are some comparable homes to 1206 Malabar Road Southeast?

There are currently no comparable homes to 1206 Malabar Road Southeast.

Palm Bay

32909

Port Malabar

1206 Malabar Road SE

Map

$8,250,000

● Land - In Contract

1206 Malabar Road SE

Palm Bay, FL 32907

Studio

0 Bath

$46,304

Est. Monthly

-0.49%

Cap Rate

About This Property

This 30-acre spot in Palm Bay, right at Malabar Road and Babcock Street, is primed for flex or light industrial builds, with ready concepts over 200,000 SF plus an out parcels. Flat terrain and stable sandy soils make foundations straightforward based on the 2022 geotech report, with a clean Phase I ESA showing no major environmental red flags, low flood risk in Zone X, and just minor wetlands needing basic mitigation. It's under a half mile from I-95, pulling in 55,000+ vehicles daily on Malabar for solid visibility and access.

Palm Bay's market is heating up in 2025, with the city's population hitting around 146,000 (up 3.65% yearly) and Brevard County's unemployment at a low 4.3%. The industrial/flex sector is strong, boasting 4.49% absorption and rents climbing to $14-17/SF NNN, making flex park the top play under CC/IU zoning with up to 0.5 FAR. Completed I-95 upgrades in 2026 boost connectivity and long-term upside.

Unit Size

Days on Market

Land Size

2.59 acres

Price per sqft

Property Type

Land

Property Taxes

$5,795

HOA Dues

Year Built

2009

Listed By

Cassandra Hartford

[email protected]

Curri Kirschner R.E. Group LLC

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (Space Coast MLS #1058524)

Price History

Date / Event	Date	Event
Jul 3, 2026	In contract	-
In contract
Oct 1, 2025	Listed by Reach Commercial Real Estate	$8,250,000
Listed by Reach Commercial Real Estate
Dec 26, 2008	Sold	Premium
Sold

Property Highlights

With View

Exterior Details

Other Structures: Other

Lot Features: Cleared

Lot Size Area: 2.59

Lot Size Units: Acres

Lot Size Acres: 2.59

Lot Size Square Feet: 112820

Water Source: None

Financial Details

Tax Annual Amount: $69,537

Utilities Details

Sewer : Unknown

Building Info

Overview

General

Year Built: 2009

Effective Year Built: 2014
Building Count: 1
Bedroom Count: 0
Building Condition: 0
Building Quality: 7
Construction Type: 3
Building Style: 0
Exterior Walls Type: 12
Interior Walls Type: 0
Roof Shape Type: 15
Roof Cover Type: 2
Floor Count: 400
Living Units: 84
Business/Commerical Units Count: 84
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 93
Porch Type: 126
Pool Type: 8
Location Influence Type: 129

Dimensions

Lot Size Square Feet: 112,820

Total Building Area: 50,041
Gross Building Area: 50,041
Building Area: 50,041
Building Area Measurement: R

Heating and Cooling

Air Conditioning: 1

Heating: 3
Heated Square Feet: 49,908
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 2

Property Class: C
Subdivision: FLORIDA INDIAN RIVER LAND CO
Land Acres: 0000002590
Standard Land Use Code: 2034
County Land Use Code: 3910
State Land Use Code: 039
Legal Description 1: PART OF LOT 31 OF PB 1 PG 165 AS DESC IN ORB 5904 PG 4215

Neighborhood

School District Name: Brevard County School District

Census Tract: 065202

Zoning

Zoning: CC

Geography

Account Number: 2964964

Parcel: 29-37-04-00-00017.0-0000.00
Block: 17
Lot: 31
Meridian: SEC 04 TWN 29S RNG 37E
Municipality: PALM BAY
Latitude: 27.9973
Longitude: -80.6261

Address

Full Address: 1206 Malabar Rd Se

Address - House Number: 1206
Street Segment Direction: SE
Address - Street Name: Malabar
Address - Suffix Type: Rd
State: FL
City Name: Palm Bay
Carrier Code: R039
4-Digit Zip Code: 2556
Zip Code: 32907

Valuation

Tax

Total Area: 49,941

Tax Year: 2022
Tax Amount: $6,292,993
Tax Rate Code Area: 34U0

Market Valuation

Market Total Value: $4,096,180

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $4,096,180

Sales

Current Sale Contract Date: Dec 19, 2008

Current Sale Recording Date: Dec 26, 2008
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2008238405

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Port Malabar

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$193

Above Asking

0.74%

Average Days on Market

Average Home Size

1795 ft²

Average Home Age

15.6 years

Currently For Sale

1043 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2010 Algeria Street Ne, Palm Bay, FL, 32905

$2,400 /mo

4 Beds
2 Baths
1,881 ft²

2010 Algeria Street Ne, Palm Bay, FL, 32905 Listing by Timothy Kirk

Unit for rent at 426 Inlet Avenue Se, Palm Bay, FL, 32909

$2,600 /mo

4 Beds
2 Baths
1,796 ft²

426 Inlet Avenue Se, Palm Bay, FL, 32909 Listing by Lykim Wengert

Unit for rent at 481 Buffum Avenue Ne, Palm Bay, FL, 32907

$2,680 /mo

3 Beds
2 Baths
1,680 ft²

481 Buffum Avenue Ne, Palm Bay, FL, 32907 Listing by Gayle K. Van-Wagenen

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Cassandra Hartford, Reach Commercial Real Estate
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 1058524

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.