Multi-Tenant Flex
For Sale
$875,000
1728 Agora Circle SE, Palm Bay, FL 32909
Flexible commercial configuration with GC zoning and proximity to I-95.
Property Size6,540 SF
Days on Market146
Property Features for 1728 Agora Circle SE
General Information
Standard status
Active
Size
6,540 SF
Property subtype
Commercial
Occupancy
60%
Building Details
Building Size
6,540 SF
Listing Agency:
Matthews Real Estate Investment Services | Fort Lauderdale
Listed By:
Harrison Auerbach · License #SL3422263 (FL)
(404) 445-1092
Source:
Matthews
Added: Jun 1
Changed: Oct 6
Last Checked: Oct 23 at 3:24AM
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 Matthews Real Estate Investment Services | Fort Lauderdale
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Investment Insights
Based on property information with market context.
This 6,540-square-foot flex space is configured for multiple tenants and carries GC—General Commercial—zoning. The property is positioned near I-95 in Palm Bay, Florida, providing a commercially oriented setting for flexible occupancy and operations.
Located at 1728 Agora Circle Southeast, the asset combines an adaptable flex-space format with a multi-tenant layout. Its zoning and highway proximity are central physical and locational characteristics for evaluating the property.
Located at 1728 Agora Circle Southeast, the asset combines an adaptable flex-space format with a multi-tenant layout. Its zoning and highway proximity are central physical and locational characteristics for evaluating the property.
Key Highlights
- 6,540 square feet of flex space
- Multi‑tenant configuration
- GC - General Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,775
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,500
$1.3M
Cap Rate 7%
$953,929
$953.9K
Cap Rate 9%
$741,944
$741.9K
Market Conditions
NOI Build-Up for 6,540 SF
Gross rent
$109.9K $16.80/SF
− Vacancy
−$7.1K −$1.09/SF
EGI
$102.7K $15.71/SF
− OpEx
−$36.0K −$5.50/SF
NOI
$66.8K $10.21/SF
Area
Palm Bay, FL
Vacancy
6.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,335,500
Cap Rate 7%
$953,929
Cap Rate 9%
$741,944
Alternative Uses
Best Use
Flex RnD
$953.9K
$834.7K – $1.11M
NOI $66,775 @ 7.0% cap · market cap 7.63%
Second Best
Industrial
$894.7K
$782.8K – $1.04M
NOI $62,627 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,781 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Balanced
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial configuration with GC zoning and proximity to I-95.
Where is this flex space located?
The property is located at 1728 Agora Circle SE Palm Bay, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6,540 square feet of flex space; Multi‑tenant configuration; GC - General Commercial zoning
