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    470 Malabar Rd Palm Bay, FL 32907

    For Lease
    $1,600,000

    Commercial,Commercial Condo,Condo,Income,Medical,Office Space,Office/Professional

    Property size:
    4,988 SF
    Lot size:
    0.05 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 470 Malabar Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RC- Restricted
    APN
    29 370605000000 A07
    Size
    4,988 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Expense value
    1013.7399902344
    Expense
    Home Owner Assessments Fee

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2015
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    Stucco
    Roof type
    Wood
    Architectural style
    Other

    Taiter Realty (561) 371-5143 [email protected]

    Listing agent Kyle Camerlinck (561) 437-5481

    Listing date Oct 30, 2025

    MLS# RX-11061030 Listing URL

    Copyright © 2025 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Medical Space For Sale

    This fully leased single-tenant medical space is available for purchase. The property is situated with a main entrance on Malabar Road SW, which experiences a daily traffic volume of over 23,000 vehicles. Located in Palm Bay, Florida, the area has experienced consistent population growth, with a 10% increase since 2018. The property is located less than 2 miles from I-95 and is in close proximity to Palm Bay Shoppes. The property is zoned RC- Restricted. The property contains 4,988 square feet and is situated on a 0.05-acre lot. The property is located in a highly sought-after medical plaza.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.659663
    Latitude
    27.998364

    Nearby Similar for Lease

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    • $4,000 /Mo
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      Palm Bay Commercial Space For Lease

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    • New
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    FAQs

    What type of property is this?
    Medical office - Single-tenant medical space for sale in Palm Bay, Florida.
    Where is this medical office located?
    The property is located at 470 Malabar Rd Palm Bay, FL.
    What are key features of this property?
    This property features: - Fully leased single-tenant medical space provides immediate income.; - High traffic location on Malabar Rd SW with 23,000+ vehicles per day.; - Palm Bay's population has grown 10% since 2018, indicating a strong market.
    (561) 437-5481
    Request Owner's contact information
    470 Malabar Rd Palm Bay, FL 32907
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    Palm Bay, FL 32907
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    470 Malabar Rd Palm Bay, FL 32907
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