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Flex Retail and Warehouse Build

1922 NE Palm Bay Road Palm Bay, FL 32905

1922 NE Palm Bay Road, Palm Bay, FL, 32905
$2,850,000
For Sale
Claim this Listing
$2,850,000

Commercial Sale, Other - Palm Bay, FL

Property Size10,000 SF
Lot Size1.15 Acres
Price / SF$285
AddedMay 7
Days on Market70
Last RefreshJul 15 at 5:06 am

Property Features for 1922 NE Palm Bay Road

General Information

Property type
Commercial Sale
Property subtype
Mixed Use
Parking
33
Standard status
Active
Lot size
1.15 Acres

Building Details

Year built
2026
Flooring type
Concrete
Roof type
Metal
Architectural style
Other

Listing agent Richard Angelo Bettencourt

Listing office Engel & Völkers Hutchinson Island 4007 N. A1A, Hutchinson Island, FL

Listing date May 7, 2026

MLS# F10555949 Listing URL

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This for-sale opportunity features a freestanding new-build with retail space up front and a warehouse/flex component designed for modular occupancy. The offering contemplates up to 10 bays with a vanilla shell finish, with water and electric stubbed in for each unit.

The property is located on NE Palm Bay Road in Palm Bay, FL, where the remarks cite heavy traffic counts. The tenancy and layout may accommodate build-to-suit scenarios for an end user or a multi-tenant configuration.

Underwriting details are available upon request.

Key Highlights

  • Free‑standing 10,000 sq ft new build.
  • Build‑to‑suit opportunity for end‑user or multi‑tenant configuration.
  • Potential for 10 retail bays with vanilla shell finish.

Local Financial Insights For Retail

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 $180.0k $18.00
− Vacancy −$15.3k −$1.53
EGI $164.7k $16.47
− OpEx −$49.4k −$4.94
NOI $115.3k $11.53
10,000 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.65M
$1.44M – $1.92M (±1% cap)
NOI $115,290 @ 7.0% cap · market cap 4.05%
Second Best
Warehouse
$1.53M
$1.34M – $1.79M (±1% cap)
NOI $107,151 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M (±1% cap)
NOI $184,680 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Parking Lot & Garage Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Bakery Locksmith Plumbing Service Catering Service Food Market (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

  • Dna floribbean flavors — 4502 babcock st ne, palm bay, fl 32905

FAQs

What type of property is this?
Flex space - New freestanding build includes retail up front, up to 10 bays, and utilities stubbed to each unit.
Where is this flex space located?
The property is located at 1922 NE Palm Bay Road Palm Bay, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Free‑standing **10,000 sq ft new build**.; **Build‑to‑suit opportunity** for end‑user or multi‑tenant configuration.; Potential for 10 retail bays with vanilla shell finish.
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More about this property
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