Retail Suite with
For Sale
Contact for pricing
2000 Palm Bay Road NE #3, Palm Bay, FL 32905
Renovated space includes front parking, with water and trash covered.
Property Size746 SF
Price / SF$1.74
Days on Market253
Property Features for 2000 Palm Bay Road NE #3
General Information
Standard status
Active
Size
746 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Condition
Newly Renovated
Property Use
Office/Retail
Amenities
façade signage
Building Details
Year Built
1978
Listing Agency:
Charles A. Von Stein, Inc
(772) 778-4885
Listed By:
Kirk Von Stein · License #0480498
(772) 696-1082
Source:
Mccoyfreeman
Added: Feb 24
Changed: Oct 29
Last Checked: Oct 29 at 2:49PM
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
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Investment Insights
Based on property information with market context.
This renovated retail suite has a storefront-facing layout and parking at the front of the property. Water and trash service are included, and the space is available for immediate occupancy.
The property is on Palm Bay Road NE, 0.75 miles from US-1 and 2 miles from I-95. Signage options include a new façade sign and monument signage.
The property is on Palm Bay Road NE, 0.75 miles from US-1 and 2 miles from I-95. Signage options include a new façade sign and monument signage.
Key Highlights
- Renovated retail space with storefront exposure
- Front parking; water and trash included
- On Palm Bay Road NE, 0.75 miles from US‑1 and 2 miles from I‑95
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,601
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,020
$172.0K
Cap Rate 7%
$122,871
$122.9K
Cap Rate 9%
$95,567
$95.6K
Market Conditions
NOI Build-Up for 746 SF
Gross rent
$13.4K $18.00/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$12.3K $16.47/SF
− OpEx
−$3.7K −$4.94/SF
NOI
$8.6K $11.53/SF
Area
Palm Bay, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,020
Cap Rate 7%
$122,871
Cap Rate 9%
$95,567
Alternative Uses
Best Use
Office B
$145.0K
$126.9K – $169.2K
NOI $10,152 @ 7.0% cap · market cap 783.94%
Second Best
Retail
$122.9K
$107.5K – $143.4K
NOI $8,601 @ 7.0% cap · market cap 664.17%
Theoretical Best
Office A
$196.8K
$172.2K – $229.6K
NOI $13,777 @ 7.0% cap · market cap 1,063.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 32905, FL
26,064
Population
12,635
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,687
Density / Sq Mi
$56,671
Median Household Income
$31,688
Median Earnings
$1,361
Median Rent
$206,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Renovated space includes front parking, with water and trash covered.
Where is this retail space located?
The property is located at 2000 Palm Bay Road NE #3 Palm Bay, FL.
What are key features of this property?
This property features: Renovated retail space with storefront exposure; Front parking; water and trash included; On Palm Bay Road NE, 0.75 miles from US‑1 and 2 miles from I‑95
