130 Enterprise Ave Se, Palm Bay, FL 32909

Building Details

Year Renovated 2021 More

Buildings 1 More

Stories 2 More

Tenancy Multi More

Listing Agency: High Pro Realty Services j***@yahoo.fr Show Phone

Listed By: Jacqueline Scipion Pierre · License FL #3409211 Show Phone

Source: Exprealty

Added: Jul 6 Changed: Nov 8 Last Checked: Nov 12 at 8:42AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 6,560-square-foot office building offers a two-level configuration with eight office units and eight bathrooms. Four units occupy each floor, while Units B and C on the first floor have been joined into a larger space currently used as a church. The building underwent a full renovation in 2021, supporting a range of office and community-oriented configurations.

The property provides access to I-95 and Malabar Road, with Palm Bay Hospital and surrounding businesses nearby. Its multi-unit design accommodates multiple occupants or an owner-user seeking office space with additional suites.

Key Highlights

• 6,560 SF two‑story office building
• Eight office units and eight bathrooms across two floors
• Units B and C combined into a first‑floor church configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$89,268

Cap Rate

8.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,785,360 $1.8M

Cap Rate 7%

$1,275,257 $1.3M

Cap Rate 9%

$991,867 $991.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,560 SF

Gross rent

$141.7K $21.60/SF

− Vacancy

−$22.7K −$3.46/SF

EGI

$119.0K $18.14/SF

− OpEx

−$29.8K −$4.54/SF

NOI

$89.3K $13.61/SF

Area

Palm Bay, FL

Vacancy

16.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,785,360

Cap Rate 7%

$1,275,257

Cap Rate 9%

$991,867

Alternative Uses

Best Use

Office B

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,268 @ 7.0% cap · market cap 8.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.73M

$1.51M – $2.02M (±1% cap)

NOI $121,150 @ 7.0% cap · market cap 12.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Parking Lot & Garage Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

Office units

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

702

Businesses Nearby

Explore this area Business Placement

Demographics for 32909, FL

36,789

Population

14,278

Households

2.6

Avg Household Size

42

Median Age

23%

College-Educated

92%

High-School Grad

57.7 sq mi

ZIP Area

638

Density / Sq Mi

$76,708

Median Household Income

$36,071

Median Earnings

$1,502

Median Rent

$261,400

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Brevard County, FL

$248 Jul

$281 Aug

$291 Sep

$288 Oct

Properties on Market for Office buildings in Brevard County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Two-story commercial property with flexible office layouts and a combined suite configured for church use.

Where is this office building located?

The property is located at 130 Enterprise Ave Se Palm Bay, FL.

What is the asking price?

The asking price for this property is $999,970.

What are key features of this property?

This property features: 6,560 SF two‑story office building; Eight office units and eight bathrooms across two floors; Units B and C combined into a first‑floor church configuration