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    470 Malabar Rd, Unit 101 Palm Bay, FL 32907

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    For Sale
    $1,600,000

    Fully leased single-tenant medical space in high-demand Palm Bay plaza.

    Lot size:
    0.05 Acres

    Property Features for 470 Malabar Rd

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    2015

    Source: Taiter Realty, LLC Agent Kyle Camerlinck

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Medical Space For Sale

    This is a fully leased single-tenant medical space available for sale. The property is located in a highly sought-after medical plaza. The main entrance on Malabar Road SW experiences a traffic volume of over 23,000 vehicles per day. The surrounding area of Palm Bay has experienced consistent population growth over the past five years, with a 10% increase in population since 2018. The property is located in close proximity to Palm Bay Shoppes and is less than 2 miles from I-95.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Hair Salon Auto Repair Shop Gym & Fitness HVAC Service Bakery Nursing Home Travel Agency Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.7312
    Latitude
    27.9988

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    FAQs

    What type of property is this?
    Medical office - Fully leased single-tenant medical space in high-demand Palm Bay plaza.
    Where is this medical office located?
    The property is located at 470 Malabar Rd, Unit 101 Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Fully leased single-tenant medical space.; - High traffic location: over 23,000 vehicles per day on Malabar Rd SW.; - Located in a highly sought after medical plaza.
    (561) 371-5143
    Request Owner's contact information
    470 Malabar Rd, Unit 101 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, Unit 101 Palm Bay, FL 32907
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