18
Map
895 Tedder Road SE
About This Property
This one doesn't. The site plan, drainage survey, and septic permit are already secured for this oversized 0.37-acre homesite in SE Palm Bay, helping streamline the process from closing to construction. The lot is cleared, level, and ready for development, with a natural buffer along the rear property line adjacent to a drainage canal for added privacy and separation. An added bonus: 8 pallets of cultured stone convey with the sale, providing valuable materials that may help reduce sourcing time and construction costs.
Conveniently located near everyday amenities, including Publix at Bayside Lakes, Walgreens, and Bill Madden Park. The I-95 interchange is approximately 6 minutes away, offering convenient access throughout Brevard County, while Malabar Road is approximately 14 minutes to the north. Well and septic are required, owner has a septic permit already in hand, an important step toward building has already been completed.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2026 | Price Decreased |
$52,000
↓ $6K
(10.3%) | |
| Price Decreased | |||
| Feb 21, 2026 | Price Decreased |
$58,000
↓ $12K
(17.1%) | |
| Price Decreased | |||
| Sep 18, 2025 | Listed by Real Broker, LLC | $70,000 | |
| Listed by Real Broker, LLC | |||
| Jul 5, 2023 | Sold | ||
| Sold | |||
| Aug 17, 2022 | Listed by Real Broker, LLC | $32,000 | |
| Listed by Real Broker, LLC | |||
Property Highlights
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About Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017