Two-Story Professional Office
1326 Malabar Road SE Palm Bay, FL 32907
1326 Malabar Road SE, Palm Bay, FL, 32907
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For Sale
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Renovated two-story office building with elevator access and multiple units for flexible professional use.
Property Size9,010 SF
Price / SF$160.93
Days on Market55
Property Features for 1326 Malabar Road SE
General Information
- Standard status
- Active
- Size
- 9,010 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing agency
Charles A. Von Stein, Inc
Listed by
Kirk Von Stein · License #FL
Source
Crexi
Added: May 29 Updated: Jul 10 at 4:00PM Checked: Jul 19 at 5:41AM
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
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 | $194.6k | $21.60 |
| − Vacancy | −$31.1k | −$3.46 |
| EGI | $163.5k | $18.14 |
| − OpEx | −$40.9k | −$4.54 |
| NOI | $122.6k | $13.61 |
9,010 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,608 @ 7.0% cap · market cap 8.46%
Second Best
Healthcare Medical
$1.62M
$1.42M – $1.89M
NOI $113,396 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,397 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
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 $1,450,000.
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
