Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Palm Bay Flex Space Available Title is generated by Realmo AI

    1707 Canova Street SE, Palm Bay, FL 32909

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office, work area, and roll-up door near Babcock St.

    Type:IND, SCR
    Added:
    May 12, 2017
    Days on Market:
    3299
    Last Refresh:
    Apr 3 at 4:55 am

    Property Features for 1707 Canova Street SE

    General Information

    Standard status
    Active
    Property subtype
    IND, SCR

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Jeffery Robison
    Jeffery Robison

    Listing agent Jeffery Robison License #3113472

    Listing office Lightle Beckner Robison, Inc.

    Listing date May 12, 2017

    Source Realnex

    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 Lightle Beckner Robison, Inc.

    HighLights

    • Visible from Babcock St.
    • Roll‑up door for work area access
    • Zoned GC (General Commercial) in the City of Palm Bay
    • Located on the corner of Babcock St. and Canova St. NE.
    • One block south of Malabar Rd. (SR 514)
    • Covered entry and large window in front.

    Overview

    Located on Canova St., one block south of Malabar Rd. (SR 514) at the corner of Babcock St. and Canova St. NE, this property is suitable for businesses needing an office area, work area, and roll-up door. The site features a covered entry and a large window in front, and is visible from Babcock St. The zoning is GC, City of Palm Bay.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6213818
    Latitude
    27.997605

    Nearby Similar for Lease

    • $5,246/Mo
      18,505 SF

      Palm Bay Professional Office Space

      First-floor office with reception, offices, bullpen, and conference room.
      490 Centre Lake Drive NE, Palm Bay, FL 32907
      View Details
    • $21 SF/Yr
      10,000 SF

      Palm Bay Retail Leasing Opportunity

      New build retail space with build-to-suit options available.
      1922 NE Palm Bay Road, Palm Bay, FL 32905
      View Details
    • $3,500/Mo
      5,000 SF

      New Retail/Office Space Available

      Prime retail/office space in a newly constructed building.
      70 San Filippo Drive SE, Palm Bay, FL 32909
      View Details
    • $21 SF/Yr
      10,000 SF

      New Retail Space in Palm Bay

      New construction retail space with build-to-suit options.
      1922 NE Palm Bay Rd, Palm Bay, FL 32905
      View Details
    • $11 SF/Yr
      7,500 SF

      Office and Warehouse Space Available

      Office and warehouse space for rent near major businesses.
      2284 Wilhelmina Court, Palm Bay, FL 32905
      View Details
    • $15 SF/Yr
      3,500 SF

      Palm Bay Warehouse and Office

      Warehouse with office space available for lease in Palm Bay.
      2161 Franklin Drive NE, Palm Bay, FL 32905
      View Details
    • $15 SF/Yr
      7,000 SF

      Versatile Flex Space Available

      Adaptable industrial units for lease, customizable and sprinklered.
      2161 Franklin Dr NE, Palm Bay, FL
      View Details
    • $9 SF/Yr
      21,000 SF

      Palm Bay Warehouse Space Available

      21,000 SF warehouse space for lease near US1.
      2280 Wilhelmina Court, Palm Bay, FL 32905
      View Details
    • $10 SF/Yr
      10,996 SF

      Palm Bay Flex Space Available

      Flex space in Palm Bay's industrial center for lease.
      1591 Robert J Conlan Blvd NE, Palm Bay, FL
      View Details
    • $1,100/Mo
      900 SF

      Retail Space in Palm Bay

      Retail space available for lease in Palm Bay, Florida.
      1707 Canova St Se, Palm Bay, FL
      View Details
    • $23 SF/Yr
      1,231 SF

      Professional Office Space For Rent

      Office spaces ranging from 100 to 3,317 square feet.
      4640 Lipscomb St NE, Palm Bay, FL
      View Details
    • Contact for pricing
      10,000 SF

      New Retail Space in Palm Bay

      New build retail space with build-to-suit potential.
      1922 Palm Bay Road Northeast, Palm Bay, FL 32905
      View Details

    FAQs

    What type of property is this?
    Flex space - Office, work area, and roll-up door near Babcock St.
    Where is this flex space located?
    The property is located at 1707 Canova Street SE Palm Bay, FL.
    What are key features of this property?
    This property features: Visible from Babcock St.; Roll‑up door for work area access; Zoned GC (General Commercial) in the City of Palm Bay
    (321) 722-0707
    We can help!
    Listing Contact
    Jeffery Robison
    Jeffery Robison
    Real Estate License ID: 3113472
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1707 Canova Street SE, Palm Bay, FL 32909
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!