1-2155 Palm Bay Rd Ne Palm Bay, FL 32904
Fully operational restaurant with consistent revenue growth and high ratings.
Property Features for 1-2155 Palm Bay Rd Ne
General Information
- Standard status
- Active
- Size
- 1,500 SF
Listing office Waterman Real Estate Inc. (321) 290-9093
Listing date Apr 27, 2026
Source Exprealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Waterman Real Estate Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Fully operational restaurant with consistent, multi‑year revenue growth.
- Turnkey opportunity: fully equipped kitchen including high‑end assets like an Imperial pasta machine and Salamander broiler.
- Strong reputation: over 1,000 Google reviews and a 4.8‑star average.
Local Financial Insights For Specialty 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 | $28.8k | $19.20 |
| − Vacancy | −$2.2k | −$1.44 |
| EGI | $26.6k | $17.76 |
| − OpEx | −$6.7k | −$4.44 |
| NOI | $20.0k | $13.32 |
