Flex Space with Grade-Level
2469 Palm Bay Road NE #6b, Palm Bay, FL 32905
For Sale
Contact for pricing
The industrial unit has three-phase power, fire sprinklers, and optional office space.
Property Size692 SF
Price / SF$1.52
Days on Market90
Property Features for 2469 Palm Bay Road NE #6b
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Sprinkler System
Amenities
3-phase power
grade-level overhead door
optional turn-key office space
Building Details
Year Built
Listing Agency:
Steven Shull
Listed By:
Steven Shull · License FL #3087265
(321) 591-0410
Source:
Mccoyfreeman
Added: Aug 13
Changed: Nov 9
Last Checked: Nov 9 at 4:50AM
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 Steven Shull
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space in Palm Bay includes a 10-foot grade-level overhead door, three-phase power, and full fire sprinkler coverage. Optional office space is available, and utilities are included in the rent.
The property is located at 2469 Palm Bay Road NE. Its zoning is described as flexible for industrial operations.
The property is located at 2469 Palm Bay Road NE. Its zoning is described as flexible for industrial operations.
Key Highlights
- 10‑foot grade‑level overhead door
- Three‑phase power and full fire sprinkler coverage
- Optional office space available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,627
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,540
$132.5K
Cap Rate 7%
$94,671
$94.7K
Cap Rate 9%
$73,633
$73.6K
Market Conditions
NOI Build-Up for 692 SF
Gross rent
$10.0K $14.40/SF
− Vacancy
−$498 −$0.72/SF
EGI
$9.5K $13.68/SF
− OpEx
−$2.8K −$4.10/SF
NOI
$6.6K $9.58/SF
Area
Palm Bay, FL
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,540
Cap Rate 7%
$94,671
Cap Rate 9%
$73,633
Alternative Uses
Best Use
Warehouse
$105.9K
$92.7K – $123.6K
NOI $7,415 @ 7.0% cap
Second Best
Flex RnD
$100.9K
$88.3K – $117.8K
NOI $7,065 @ 7.0% cap
Theoretical Best
Office A
$182.6K
$159.8K – $213.0K
NOI $12,780 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$206,200
Median Home Value
Market
Average Price Trend$/SF for Flex space in Brevard County, FL
Properties on Market for Flex space in Brevard County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The industrial unit has three-phase power, fire sprinklers, and optional office space.
Where is this flex space located?
The property is located at 2469 Palm Bay Road NE #6b Palm Bay, FL.
What are key features of this property?
This property features: 10‑foot grade‑level overhead door; Three‑phase power and full fire sprinkler coverage; Optional office space available
