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    Shopping Center with Multiple Entrances Title is generated by Realmo AI

    2000-2040 Palm Bay Road NE, Palm Bay, FL 32905

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    Well-kept office and retail suites with storefront parking and two Palm Bay Road entrances for straightforward customer access.

    Type:Retail, Office
    Property size:
    17,760 SF
    Price / SF:
    $151/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 1 at 2:52 pm

    Property Features for 2000-2040 Palm Bay Road NE

    General Information

    Standard status
    Active
    Size
    17,760 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Kirk Von Stein

    Listing agent Kirk Von Stein

    Listing office Charles A. Von Stein, Inc

    Listing date May 27, 2026

    Source Crexi

    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

    HighLights

    • 1978‑built office and retail plaza with suites available for immediate occupancy
    • Two entrances on Palm Bay Road providing customer access to the plaza
    • Parking in front of each storefront plus additional parking in the center of the three buildings
    • Newly installed facade signs and a monument sign to advertise each business in the plaza
    • Close to U.S. Highway One (0.75 miles) and I‑95 (2 miles)

    Overview

    This shopping center offers office and retail suites in excellent condition, with recent exterior visibility upgrades including new facade signs and a newly installed monument sign. The center is composed of three buildings, with parking positioned in front of each storefront and additional parking located in the middle of the three buildings.

    The property is located on Palm Bay Road, with covenantal location near major connections including U.S. Highway One (0.75 miles away) and I-95 (2 miles away). There are two entrances on Palm Bay Road providing access into the plaza.

    For tenants, the combination of well-maintained suites and dedicated storefront-front parking supports day-to-day operations and customer visits. The availability of both office and retail space within the same center may appeal to businesses looking for a flexible commercial setting, and the on-site access via two entrances can help streamline arrival and wayfinding for customers and staff.

    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 $383.6k $21.60
    − Vacancy −$61.4k −$3.46
    EGI $322.2k $18.14
    − OpEx −$80.6k −$4.54
    NOI $241.7k $13.61
    17,760 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.45M
    $3.02M – $4.03M (±1% cap)
    NOI $241,678 @ 7.0% cap · market cap 8.98%
    Second Best
    Retail
    $2.93M
    $2.56M – $3.41M (±1% cap)
    NOI $204,755 @ 7.0% cap · market cap 7.61%
    Theoretical Best
    Office A
    $4.69M
    $4.10M – $5.47M (±1% cap)
    NOI $327,992 @ 7.0% cap · market cap 12.19%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Arlington Pines Plaza — 2040 palm bay rd ne, palm bay, fl 32905
    • Palm Bay Center — 4711 Babcock St NE, Palm Bay, FL 32905
    • Dive Shop — 4651 Babcock St NE, Palm Bay, FL 32905
    • Coin Cloud Bitcoin ATM — 1703 Palm Bay Rd NE, Palm Bay, FL 32905
    • Sabal Palm Square — 4700 babcock st ne, palm bay, fl 32905

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6131642
    Latitude
    28.0343692

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    FAQs

    What type of property is this?
    Shopping center - Well-kept office and retail suites with storefront parking and two Palm Bay Road entrances for straightforward customer access.
    Where is this shopping center located?
    The property is located at 2000-2040 Palm Bay Road NE Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $2,690,000.
    What are key features of this property?
    This property features: 1978‑built office and retail plaza with suites available for immediate occupancy; Two entrances on Palm Bay Road providing customer access to the plaza; Parking in front of each storefront plus additional parking in the center of the three buildings
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kirk Von Stein
    Learn More
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    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.

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