Shopping Center with Multiple
2000-2040 Palm Bay Road NE Palm Bay, FL 32905
For Sale
Contact for pricing
Well-kept office and retail suites with storefront parking and two Palm Bay Road entrances for straightforward customer access.
Property Size17,760 SF
Price / SF$151.46
Days on Market65
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
Listing Agency:
Charles A. Von Stein, Inc
Listed By:
Kirk Von Stein · License #FL
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 29 at 2:54PM
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.
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.
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.
Key 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
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
NOI $241,678 @ 7.0% cap · market cap 8.98%
Second Best
Retail
$2.93M
$2.56M – $3.41M
NOI $204,755 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $327,992 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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Frequently Asked Questions
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
