Fully Equipped
For Sale
$549,990
2155 Palm Bay Road NE, Palm Bay, FL 32905
COMMERCIAL - Palm Bay, FL
Property Size1,500 SF
Price / SF$366.66
Days on Market102
Property Features for 2155 Palm Bay Road NE
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Lot features
Corner Lot
Directions
From US-1, turn East onto Palm Bay Rd NE. Continue approximately 1.5 miles. The property is located on the North side of the road within the Courtyard Square plaza. Trattoria Bella is situated in Suite 1, a prime end-cap unit with high visibility and direct road frontage.
Subdivision
340 - NE Palm Bay
Standard status
Active
Size
1,500 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18728
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Number of units
1
Building materials
Block
Roof type
Metal
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Esteban Jose Romero
(321) 290-9093
Added: Apr 27
Changed: Aug 4
Last Checked: Aug 6 at 2:06PM
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.
Investment Insights
Based on property information with market context.
Trattoria Bella is an established restaurant occupying 1,500 square feet with a fully equipped kitchen and complete dining furniture, fixtures, and equipment. The kitchen includes an Imperial pasta machine, 6-burner stove, Salamander broiler, walk-in cooler, grease trap, and hood. Seating accommodates 44 guests indoors and 47 outdoors. The property was built in 1978 and features block construction, a metal roof, central air, two bathrooms, and a parking lot.
Located on Palm Bay Road NE in Palm Bay, the restaurant has public water and public sewer service. The business profile includes more than 1,000 Google reviews with a 4.8-star average. Current operating information indicates the restaurant is closed Mondays and Tuesdays.
Located on Palm Bay Road NE in Palm Bay, the restaurant has public water and public sewer service. The business profile includes more than 1,000 Google reviews with a 4.8-star average. Current operating information indicates the restaurant is closed Mondays and Tuesdays.
Key Highlights
- 1,500‑square‑foot restaurant with indoor and outdoor dining areas
- 44 indoor seats and 47 outdoor seats
- Kitchen includes Imperial pasta machine, 6‑burner stove, Salamander broiler, and walk‑in cooler
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
3.63%
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 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Established dining operation with indoor and outdoor seating, public utilities, and on-site parking.
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 $549,990.
What are key features of this property?
This property features: 1,500‑square‑foot restaurant with indoor and outdoor dining areas; 44 indoor seats and 47 outdoor seats; Kitchen includes Imperial pasta machine, 6‑burner stove, Salamander broiler, and walk‑in cooler
