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 Market116
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) 290-9093
Listed By:
Esteban Jose Romero · License #BK3215665
(321) 290-9093
Source:
Startbrevardsearch
Added: May 8
Changed: Aug 29
Last Checked: Aug 30 at 5:44PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,980
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
