Equipped Restaurant with
2155 Palm Bay Road NE, Palm Bay, FL 32905
For Sale
$539,990
Commercial Sale, Palm Bay, FL
Property Size1,500 SF
Price / SF$359.99
Days on Market195
Property Features for 2155 Palm Bay Road NE
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Lot features
Directions
Subdivision
Standard status
Size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Esteban Jose Romero · License #3508106
(321) 290-9093
Added: Apr 27
Changed: Oct 22
Last Checked: Nov 7 at 2:06AM
MLS# 1075811
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Trattoria Bella is an operating restaurant occupying 1,500 square feet, with a dining layout that accommodates 44 indoor seats and 47 outdoor seats. The premises include two bathrooms, central air conditioning, a parking lot, a metal roof, and block construction. Public water and public sewer serve the property.
The kitchen is equipped with an Imperial pasta machine, six-burner stove, Salamander broiler, walk-in cooler, grease trap, and hood. Dining furniture, fixtures, and equipment are included. The restaurant is located at 2155 Palm Bay Road NE in Palm Bay, Florida, and the building was constructed in 1978.
The kitchen is equipped with an Imperial pasta machine, six-burner stove, Salamander broiler, walk-in cooler, grease trap, and hood. Dining furniture, fixtures, and equipment are included. The restaurant is located at 2155 Palm Bay Road NE in Palm Bay, Florida, and the building was constructed in 1978.
Key Highlights
- 1,500‑square‑foot operating restaurant at 2155 Palm Bay Road NE, Palm Bay, FL 32905
- Seating for 44 indoors and 47 outdoors
- Imperial pasta machine, six‑burner stove, Salamander broiler, and walk‑in cooler
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
Industrial
$205.2K
$179.6K – $239.4K
NOI $14,364 @ 7.0% cap · market cap 2.66%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
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
$206,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Brevard County, FL
Properties on Market for Conventional restaurants in Brevard County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a commercial kitchen with a walk-in cooler and specialized cooking equipment.
Where is this conventional restaurant located?
The property is located at 2155 Palm Bay Road NE 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: 1,500‑square‑foot operating restaurant at 2155 Palm Bay Road NE, Palm Bay, FL 32905; Seating for 44 indoors and 47 outdoors; Imperial pasta machine, six‑burner stove, Salamander broiler, and walk‑in cooler
