Two-Story Professional Office
For Sale
Contact for pricing
1326 Malabar Road SE, Palm Bay, FL 32907
Renovated two-story office building with elevator access and multiple units for flexible professional use.
Property Size9,010 SF
Price / SF$149.83
Days on Market103
Property Features for 1326 Malabar Road SE
General Information
Standard status
Active
Size
9,010 SF
Property subtype
Office
Zoning
Permitted Uses: Retail Office, Medical, Financial Institutions, & Personal Service
Lease Type
Modified Gross
Additional Details
Office Units
9
Building Details
Year Built
1984
Stories
2
Units
9
Tenancy
Multi
Listing Agency:
Charles A. Von Stein, Inc
Listed By:
Kirk Von Stein
(772) 778-4885
Source:
Crexi
Added: May 29
Changed: Sep 2
Last Checked: Sep 8 at 6:47AM
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 Charles A. Von Stein, Inc
Investment Insights
Based on property information with market context.
The Malabar Professional Building is a two-story office property with elevator access, constructed in 1984. The concrete block stucco building has a barrel tile roof and contains 9 units totaling 9,010 square feet. Unit sizes range from 1,024 to 3,112 square feet, making the building suitable for a variety of office tenants. The property has undergone extensive interior and exterior renovations, including new paint and signage.
The building has two entrances off Malabar Road SE and an additional entrance off Canova Street, with easy access to parking in the lot. This positioning supports convenient arrivals from multiple directions. The property is located within one mile of Palm Bay Hospital, the I-95 intersection, Eastern Florida State College, and major retailers including Walmart, Lowes, and Home Depot.
For tenant and buyer fit, the unit mix and size range provide flexibility for professional services and medical office use where an elevator-served, renovated office environment is important. With multiple entrances and on-site parking lot access, the layout is designed to support day-to-day customer and staff flow.
The building has two entrances off Malabar Road SE and an additional entrance off Canova Street, with easy access to parking in the lot. This positioning supports convenient arrivals from multiple directions. The property is located within one mile of Palm Bay Hospital, the I-95 intersection, Eastern Florida State College, and major retailers including Walmart, Lowes, and Home Depot.
For tenant and buyer fit, the unit mix and size range provide flexibility for professional services and medical office use where an elevator-served, renovated office environment is important. With multiple entrances and on-site parking lot access, the layout is designed to support day-to-day customer and staff flow.
Key Highlights
- Two‑story office building with elevator access at 1326 Malabar Road SE in Palm Bay, Florida
- 9,010 SF building area with 9 units ranging from 1,024 to 3,112 SF
- Built in 1984 with concrete block stucco construction and a barrel tile roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$122,608
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,452,160
$2.5M
Cap Rate 7%
$1,751,543
$1.8M
Cap Rate 9%
$1,362,311
$1.4M
Market Conditions
NOI Build-Up for 9,010 SF
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.
Gross rent
$194.6K $21.60/SF
− Vacancy
−$31.1K −$3.46/SF
EGI
$163.5K $18.14/SF
− OpEx
−$40.9K −$4.54/SF
NOI
$122.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,452,160
Cap Rate 7%
$1,751,543
Cap Rate 9%
$1,362,311
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,608 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,397 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Office units
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 32907, FL
44,432
Population
17,761
Households
2.5
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
17.7 sq mi
ZIP Area
2,510
Density / Sq Mi
$71,827
Median Household Income
$36,498
Median Earnings
$1,693
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated two-story office building with elevator access and multiple units for flexible professional use.
Where is this office units located?
The property is located at 1326 Malabar Road SE Palm Bay, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑story office building with elevator access at 1326 Malabar Road SE in Palm Bay, Florida; 9,010 SF building area with 9 units ranging from 1,024 to 3,112 SF; Built in 1984 with concrete block stucco construction and a barrel tile roof
