Equipped Restaurant with Outdoor
2155 Palm Bay Road NE Unit 1, Palm Bay, FL 32905
For Sale
$534,990
The operating restaurant includes a commercial kitchen and furnishings for indoor and outdoor dining.
Property Size1,500 SF
Price / SF$356.66
Days on Market200
Property Features for 2155 Palm Bay Road NE Unit 1
General Information
Standard status
Size
Property subtype
Restaurant
Commercial Hood
Grease Trap
Patio
Equipment Included
Additional Details
Furnished
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Waterman Real Estate Inc.
Listed By:
Esteban Jose Romero · License FL #3508106
(321) 244-7653
Source:
Mvpsalesgroup
Added: Apr 27
Changed: Nov 10
Last Checked: Nov 12 at 9:51AM
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 operating restaurant with a 1,500-square-foot space and a fully equipped kitchen. Equipment includes an Imperial pasta machine, six-burner stove, salamander broiler, and walk-in cooler. Dining furniture and equipment are included, with seating for 44 indoors and 47 outdoors. The building was constructed in 1978.
The restaurant has more than 1,000 Google reviews and a 4.8-star average. Its current schedule is Tuesday through Sunday, with Mondays and Tuesdays closed.
The restaurant has more than 1,000 Google reviews and a 4.8-star average. Its current schedule is Tuesday through Sunday, with Mondays and Tuesdays closed.
Key Highlights
- Seating capacity for 44 indoors and 47 outdoors
- Kitchen equipment includes an Imperial pasta machine, six‑burner stove, salamander broiler, and walk‑in cooler
- 1,500‑square‑foot restaurant building, constructed in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,980
Cap Rate
3.73%
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 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 5.18%
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
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
$206,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - The operating restaurant includes a commercial kitchen and furnishings for indoor and outdoor dining.
Where is this conventional restaurant located?
The property is located at 2155 Palm Bay Road NE Unit 1 Palm Bay, FL.
What is the asking price?
The asking price for this property is $534,990.
What are key features of this property?
This property features: Seating capacity for 44 indoors and 47 outdoors; Kitchen equipment includes an Imperial pasta machine, six‑burner stove, salamander broiler, and walk‑in cooler; 1,500‑square‑foot restaurant building, constructed in 1978
