Side-by-Side Flex
108-1320 Clearmont St Ne Palm Bay, FL 32905
108-1320 Clearmont St Ne, Palm Bay, FL, 32905
$249,000
For Sale
$249,000
Two side-by-side flex units include office space, additional rooms with a bathroom, and an open main bay with parking.
Property Size1,200 SF
Price / SF$207.50
Days on Market188
Property Features for 108-1320 Clearmont St Ne
General Information
- Standard status
- Active
- Size
- 1,200 SF
Listing agency
Waterman Real Estate, Inc.
(305) 240-4172
Listed by
Brent K Thompson
(305) 240-4172
Source
Exprealty
Added: Jan 15 Updated: Jul 22 at 5:36AM Checked: Jul 22 at 5:36AM
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.
Two side-by-side flex units are available for sale individually or together. Each unit includes an office/reception area at entry, plus two additional rooms and a bathroom, all under air, with an open main bay sized for flexible use. The larger bay space allows for the installation of a mini-split AC system, and the owner notes the units can be combined by taking out a section to create one larger unit.
The property is located at 108-1320 Clearmont St NE in Palm Bay, Florida, and the remarks indicate it is right beside L3 Harris, positioned among other active businesses. The site also features tons of parking and outside area for customers or other needs.
Owner financing is available, which may appeal to buyers seeking an alternative to traditional lending.
The property is located at 108-1320 Clearmont St NE in Palm Bay, Florida, and the remarks indicate it is right beside L3 Harris, positioned among other active businesses. The site also features tons of parking and outside area for customers or other needs.
Owner financing is available, which may appeal to buyers seeking an alternative to traditional lending.
Key Highlights
- Two side‑by‑side flex commercial units can be purchased individually or together
- Each unit includes an office/reception area plus two additional rooms with a bathroom, all under air
- Each unit has an open main bay with space for a mini‑split AC system
Local Financial Insights For Office B
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 | $25.9k | $21.60 |
| − Vacancy | −$4.1k | −$3.46 |
| EGI | $21.8k | $18.14 |
| − OpEx | −$5.4k | −$4.54 |
| NOI | $16.3k | $13.61 |
1,200 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$233.3K
$204.1K – $272.2K
NOI $16,330 @ 7.0% cap · market cap 6.56%
Second Best
Flex RnD
$175.0K
$153.2K – $204.2K
NOI $12,252 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two side-by-side flex units include office space, additional rooms with a bathroom, and an open main bay with parking.
Where is this flex space located?
The property is located at 108-1320 Clearmont St Ne Palm Bay, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two side‑by‑side flex commercial units can be purchased individually or together; Each unit includes an office/reception area plus two additional rooms with a bathroom, all under air; Each unit has an open main bay with space for a mini‑split AC system
