Palm Bay Warehouse
2720 2722 & 2724 Kirby Circle NE Palm Bay, FL 32905
2720 2722 & 2724 Kirby Circle NE, Palm Bay, FL, 32905
$2,850,000
For Sale
$2,850,000
Eleven warehouse units totaling 17,482 SF for sale.
Property Size17,482 SF
Price / SF$163.02
Days on Market137
Property Features for 2720 2722 & 2724 Kirby Circle NE
General Information
- Standard status
- Active
- Size
- 17,482 SF
- Property subtype
- Industrial
Listing agency
(321) 750-3439
Listed by
Zach Ullian, SIOR
(321) 750-3439
Source
Ullianrealty
Added: Mar 6 Updated: Jul 6 at 10:53AM Checked: Jul 21 at 6:33AM
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 Zach Ullian, SIOR
Investment Insights
Based on property information with market context.
Eleven warehouse units, totaling 17,482 square feet, are available. The property is strategically positioned just off Palm Bay Road, a primary connector between Interstate 95, Babcock Street, and US1. The surrounding area includes employers such as L3Harris, ABC Supply, Tibbetts Lumber, and Leonardo DRS. The location also offers proximity to schools, restaurants, healthcare facilities, and childcare services, making it a potential location for various business ventures.
Key Highlights
- 11 Warehouse Units totaling 17,482 SF
- Strategically located off Palm Bay Road, a primary connector
- Proximity to major employers like L3Harris, ABC Supply, Tibbetts Lumber, and Leonardo DRS
Local Financial Insights For Warehouse
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 | $230.8k | $13.20 |
| − Vacancy | −$10.4k | −$0.59 |
| EGI | $220.4k | $12.61 |
| − OpEx | −$33.1k | −$1.89 |
| NOI | $187.3k | $10.72 |
17,482 SF · lease $13.20/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.68M
$2.34M – $3.12M
NOI $187,321 @ 7.0% cap · market cap 6.57%
Second Best
Industrial
$2.39M
$2.09M – $2.79M
NOI $167,408 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$4.61M
$4.04M – $5.38M
NOI $322,858 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Eleven warehouse units totaling 17,482 SF for sale.
Where is this warehouse located?
The property is located at 2720 2722 & 2724 Kirby Circle NE Palm Bay, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 11 Warehouse Units totaling 17,482 SF; Strategically located off Palm Bay Road, a primary connector; Proximity to major employers like L3Harris, ABC Supply, Tibbetts Lumber, and Leonardo DRS
