Retail Space with
For Sale
Contact for pricing
2280 NE Harris Avenue 4, Palm Bay, FL 32905
Commercial storefront space with an existing bathroom and cleanup work needed.
Property Size13,454 SF
Price / SF$0.07
Days on Market85
Property Features for 2280 NE Harris Avenue 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: Jul 24
Changed: Oct 13
Last Checked: Oct 14 at 10:52PM
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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Investment Insights
Based on property information with market context.
This retail space offers approximately 800 square feet with one bathroom. The premises need some cleanup, providing a straightforward commercial space for a buyer seeking a storefront property. The property is located at 2280 NE Harris Avenue, Suite 4, in Palm Bay, Florida 32905.
Key Highlights
- Approximately 800 square feet of retail space
- One bathroom included
- Cleanup work needed
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 17,389.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,468 @ 7.0% cap · market cap 27,855.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial storefront space with an existing bathroom and cleanup work needed.
Where is this retail space located?
The property is located at 2280 NE Harris Avenue 4 Palm Bay, FL.
What are key features of this property?
This property features: Approximately 800 square feet of retail space; One bathroom included; Cleanup work needed
