Established Restaurant on Palm
For Sale
$539,990
1-2155 Palm Bay Rd Ne, Palm Bay, FL 32904
Fully operational restaurant with consistent revenue growth and high ratings.
Property Size1,500 SF
Price / SF$359.99
Days on Market170
Property Features for 1-2155 Palm Bay Rd Ne
General Information
Standard status
Active
Size
1,500 SF
Taxes and HOA fees
Annual Taxes
$18,727
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Esteban Jose Romero · License #3508106
(321) 290-9093
Source:
Exprealty
Added: Apr 27
Changed: Oct 4
Last Checked: Oct 12 at 11:29PM
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.
This is a fully operational, established restaurant located on Palm Bay Rd NE. The restaurant, named Trattoria Bella, has a track record of consistent, multi-year revenue growth. The business has strong gross sales and year-over-year growth. The restaurant has a capacity of 44 seats inside and 47 outside. It has over 1,000 Google reviews with a 4.8-star average. The fully equipped kitchen includes an Imperial pasta machine, 6-burner stove, Salamander broiler, and walk-in cooler. It is a turnkey restaurant opportunity with a service history of grease trap and hood. The restaurant is primed for scaling with clear paths to increase revenue. The restaurant is currently closed Mondays and Tuesdays, and reopening for a full week provides an immediate boost. The property size is 1500 square feet.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,980
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,600
$399.6K
Cap Rate 7%
$285,429
$285.4K
Cap Rate 9%
$222,000
$222.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$28.8K $19.20/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$26.6K $17.76/SF
− OpEx
−$6.7K −$4.44/SF
NOI
$20.0K $13.32/SF
Area
Palm Bay, FL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,600
Cap Rate 7%
$285,429
Cap Rate 9%
$222,000
Alternative Uses
Best Use
Specialty Retail
$285.4K
$249.8K – $333.0K
NOI $19,980 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
670k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 26%
Apparel 23%
Groceries 9%
Publix
Groceries
63,594 visits/mo
0.2 miles
Kohl's
Apparel
56,404 visits/mo
0.2 miles
Marshalls
Apparel
46,184 visits/mo
0.3 miles
Ross Dress for Less
Apparel
43,461 visits/mo
0.5 miles
Michaels
Shops & Services
41,352 visits/mo
0.3 miles
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully operational restaurant with consistent revenue growth and high ratings.
Where is this conventional restaurant located?
The property is located at 1-2155 Palm Bay Rd Ne Palm Bay, FL.
What is the asking price?
The asking price for this property is $539,990.
What are key features of this property?
This property features: 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.
