Retail
New
For Sale
Contact for pricing
2280 Harris Avenue NE 4, Palm Bay, FL 32905
Compact storefront includes one bathroom and requires cleanup.
Property Size13,454 SF
Price / SF$0.08
Days on Market3
Property Features for 2280 Harris Avenue NE 4
General Information
Standard status
Active
Size
13,454 SF
Property Condition
Severity
Repairs Needed
Evidence
needs some clean up
Listing Agency:
Realty World Curri Properties
(321) 259-1003
Listed By:
Eugene B Artusa · License #655885
(321) 720-5053
Source:
Startbrevardsearch
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:48AM
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 Realty World Curri Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 800-square-foot retail space includes one bathroom. The interior needs cleanup before occupancy. The property is located at 2280 Harris Avenue NE, Palm Bay, Florida.
Key Highlights
- 800 SF retail space
- One bathroom
- Interior requires cleanup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,111
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,102,220
$3.1M
Cap Rate 7%
$2,215,871
$2.2M
Cap Rate 9%
$1,723,456
$1.7M
Market Conditions
NOI Build-Up for 13,454 SF
Gross rent
$242.2K $18.00/SF
− Vacancy
−$20.6K −$1.53/SF
EGI
$221.6K $16.47/SF
− OpEx
−$66.5K −$4.94/SF
NOI
$155.1K $11.53/SF
Area
Palm Bay, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,102,220
Cap Rate 7%
$2,215,871
Cap Rate 9%
$1,723,456
Alternative Uses
Best Use
Retail
$2.22M
$1.94M – $2.59M
NOI $155,111 @ 7.0% cap · market cap 13,787.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,468 @ 7.0% cap · market cap 22,086.04%
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
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Groceries 18%
Dining 10%
Home Improvements & Furnishings 1%
Circle K
Shops & Services
17,479 visits/mo
0.2 miles
Bravo Supermarkets
Groceries
6,601 visits/mo
0.5 miles
Wells Fargo
Shops & Services
6,084 visits/mo
0.1 miles
Osaka Sushi
Dining
3,462 visits/mo
0.3 miles
Brad's Auto Service
Shops & Services
813 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
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Compact storefront includes one bathroom and requires cleanup.
Where is this retail space located?
The property is located at 2280 Harris Avenue NE 4 Palm Bay, FL.
What are key features of this property?
This property features: 800 SF retail space; One bathroom; Interior requires cleanup
