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Palm Bay 32909 Port Malabar
2178 TEA AVENUE SE
Photo of 2178 TEA AVENUE SE

2

Map

Photo of 2178 TEA AVENUE SE
$45,500
↓ $7K (13.4%)
● Land - For Sale

2178 TEA AVENUE SE

PALM BAY, FL 32909
bedrooms
Studio
bathrooms
0 Bath
$236
Est. Monthly
22.44%
Cap Rate

About This Property

City of Palm Bay, lot is high and dry, ready to build, great location, fast growing area. Hurry
Unit Size
-
Days on Market
2112 days
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$12
HOA Dues
-
Year Built
-

Listed By

Lambert Wu
[email protected]
RAINBOW INVESTMENT REALTY

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 18 days ago (Stellar MLS #W7830363)

Price History

Date / Event Date Event Price
Oct 25, 2026 Price Decreased $45,500
↓ $7K (13.4%)
Price Decreased
Feb 21, 2024 Price Increased $52,550
↑ $8K (16.8%)
Price Increased
Jan 30, 2021 Listed by RAINBOW INVESTMENT REALTY $45,000
Listed by RAINBOW INVESTMENT REALTY
Nov 1, 2002 Sold
Premium
Sold

Property Highlights

Exterior Details
Building Area Units: Square Feet
Lot Size Area: 10019
Lot Size Units: Square Feet
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Lot Size Dimensions: 80 x 125
Tax Lot: 41
Water Source: Private, Public, Well
Financial Details
Tax Annual Amount: $150
Utilities Details
Sewer : Septic Needed

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 179

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: PORT MALABAR UNIT 17
  • Land Acres: 0000000230
  • Standard Land Use Code: 8010
  • County Land Use Code: 0010
  • Legal Description 1: PORT MALABAR UNIT 17 LOT 41 BLK 852

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071339

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: 430
  • Account Number: 2938924
  • Parcel: 29-37-20-GQ-00852.0-0041.00
  • Block: 852
  • Lot: 41
  • Meridian: SEC 20 TWN 29S RNG 37E
  • Municipality: PALM BAY
  • Latitude: 27.9439
  • Longitude: -80.6427

    Address

  • Full Address: 2178 Tea Ave Se
  • Legal Unit: 17
  • Address - House Number: 2178
  • Street Segment Direction: SE
  • Address - Street Name: Tea
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Palm Bay
  • Carrier Code: R011
  • 4-Digit Zip Code: 5829
  • Zip Code: 32909

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $23,834
  • Tax Rate Code Area: 34U0

    Market Valuation

  • Market Total Value: $22,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,000

    Sales

  • Current Sale Contract Date: Oct 21, 2002
  • Current Sale Recording Date: Nov 01, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Port Malabar

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$193

Above Asking

0.73%

Average Days on Market

87

Average Home Size

1787 ft²

Average Home Age

15.7 years

Currently For Sale

1015 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

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Lambert Wu
RAINBOW INVESTMENT REALTY
Last Updated: 18 days ago
Data Source: Stellar MLS, MLS# W7830363
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2178 Tea Avenue Southeast built and last sold?
The property at 2178 Tea Avenue Southeast was built in and last sold on Oct 21, 2002 for $3,300.
How much is this home worth?
The estimated value of the home located at 2178 Tea Avenue Southeast is $45,955.
What are some comparable homes to 2178 Tea Avenue Southeast?
There are currently no comparable homes to 2178 Tea Avenue Southeast.
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