Established Restaurant with Equipped
For Sale
$539,990
2155 Palm Bay Road NE 1, Palm Bay, FL 32905
Operating restaurant with indoor and outdoor seating, commercial kitchen equipment, and dining furniture, fixtures, and equipment.
Property Size1,500 SF
Price / SF$359.99
Days on Market162
Property Features for 2155 Palm Bay Road NE 1
General Information
Standard status
Active
Size
1,500 SF
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Esteban Jose Romero · License #3508106
(321) 290-9093
Source:
Startbrevardsearch
Added: May 8
Changed: Oct 14
Last Checked: Oct 16 at 8:57AM
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 Waterman Real Estate Inc.
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Investment Insights
Based on property information with market context.
Trattoria Bella is an established restaurant operation with a fully equipped kitchen and dining area. The kitchen includes an Imperial pasta machine, six-burner stove, Salamander broiler, and walk-in cooler, along with a grease trap and hood. Dining furniture, fixtures, and equipment are included. The restaurant accommodates 44 indoor seats and 47 outdoor seats, with service currently closed on Mondays and Tuesdays.
The property is identified as 2155 Palm Bay Road NE 1, Palm Bay, Florida 32905. The building was constructed in 1978. Online customer feedback includes more than 1,000 Google reviews and a 4.8-star average rating.
The property is identified as 2155 Palm Bay Road NE 1, Palm Bay, Florida 32905. The building was constructed in 1978. Online customer feedback includes more than 1,000 Google reviews and a 4.8-star average rating.
Key Highlights
- 44 indoor seats and 47 outdoor seats
- Commercial kitchen includes an Imperial pasta machine, six‑burner stove, Salamander broiler, and walk‑in cooler
- Dining furniture, fixtures, and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,980
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,600
$399.6K
Cap Rate 7%
$285,429
$285.4K
Cap Rate 9%
$222,000
$222.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$28.8K $19.20/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$26.6K $17.76/SF
− OpEx
−$6.7K −$4.44/SF
NOI
$20.0K $13.32/SF
Area
Palm Bay, FL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,600
Cap Rate 7%
$285,429
Cap Rate 9%
$222,000
Alternative Uses
Best Use
Specialty Retail
$285.4K
$249.8K – $333.0K
NOI $19,980 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 9%
Home Improvements & Furnishings 1%
Circle K
Shops & Services
17,479 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,554 visits/mo
0.5 miles
Wells Fargo
Shops & Services
6,084 visits/mo
0.2 miles
Osaka Sushi
Dining
3,462 visits/mo
0.1 miles
Tire Kingdom
Shops & Services
1,020 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant with indoor and outdoor seating, commercial kitchen equipment, and dining furniture, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 2155 Palm Bay Road NE 1 Palm Bay, FL.
What is the asking price?
The asking price for this property is $539,990.
What are key features of this property?
This property features: 44 indoor seats and 47 outdoor seats; Commercial kitchen includes an Imperial pasta machine, six‑burner stove, Salamander broiler, and walk‑in cooler; Dining furniture, fixtures, and equipment included
