Flex Retail and Warehouse
1922 NE Palm Bay Road Palm Bay, FL 32905
1922 NE Palm Bay Road, Palm Bay, FL, 32905
$2,850,000
For Sale
$2,850,000
Commercial Sale, Other - Palm Bay, FL
Property Size10,000 SF
Lot Size1.15 Acres
Price / SF$285
Days on Market75
Property Features for 1922 NE Palm Bay Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Parking
- 33
- Standard status
- Active
- Lot size
- 1.15 Acres
Building Details
- Year built
- 2026
- Flooring type
- Concrete
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Engel & Völkers Hutchinson Island
(772) 410-4155
4007 N. A1A, Hutchinson Island, FL
Listed by
Richard Angelo Bettencourt
(772) 643-0889
Added: May 7 Updated: Jul 15 at 3:05 am Checked: Jul 20 at 7:06 pm
MLS# F10555949
Listing URL
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale opportunity features a freestanding new-build with retail space up front and a warehouse/flex component designed for modular occupancy. The offering contemplates up to 10 bays with a vanilla shell finish, with water and electric stubbed in for each unit.
The property is located on NE Palm Bay Road in Palm Bay, FL, where the remarks cite heavy traffic counts. The tenancy and layout may accommodate build-to-suit scenarios for an end user or a multi-tenant configuration.
Underwriting details are available upon request.
The property is located on NE Palm Bay Road in Palm Bay, FL, where the remarks cite heavy traffic counts. The tenancy and layout may accommodate build-to-suit scenarios for an end user or a multi-tenant configuration.
Underwriting details are available upon request.
Key Highlights
- Free‑standing 10,000 sq ft new build.
- Build‑to‑suit opportunity for end‑user or multi‑tenant configuration.
- Potential for 10 retail bays with vanilla shell finish.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.0k | $18.00 |
| − Vacancy | −$15.3k | −$1.53 |
| EGI | $164.7k | $16.47 |
| − OpEx | −$49.4k | −$4.94 |
| NOI | $115.3k | $11.53 |
10,000 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,290 @ 7.0% cap · market cap 4.05%
Second Best
Warehouse
$1.53M
$1.34M – $1.79M
NOI $107,151 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,680 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Dna floribbean flavors — 4502 babcock st ne, palm bay, fl 32905
FAQs
What type of property is this?
Flex space - New freestanding build includes retail up front, up to 10 bays, and utilities stubbed to each unit.
Where is this flex space located?
The property is located at 1922 NE Palm Bay Road Palm Bay, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Free‑standing **10,000 sq ft new build**.; **Build‑to‑suit opportunity** for end‑user or multi‑tenant configuration.; Potential for 10 retail bays with vanilla shell finish.
