Office Unit with Shared
2475 Palm Bay Road NE #140, Palm Bay, FL 32905
For Sale
Contact for pricing
Tenants have access to a conference room, break area and outdoor lounge.
Property Size1,500 SF
Price / SF$1.50
Days on Market271
Property Features for 2475 Palm Bay Road NE #140
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Amenities
shared conference room
break area
outdoor lounge area
Building Details
Year Built
Listing Agency:
Steven Shull
Listed By:
Steven Shull · License #3087265
(321) 591-0410
Source:
Mccoyfreeman
Added: Feb 12
Changed: Nov 8
Last Checked: Nov 8 at 9:06PM
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 1,500-square-foot office unit is in a building constructed in 1970. Shared facilities include a conference room and break area, with an outdoor lounge also available.
Key Highlights
- 1,500‑square‑foot office unit
- Building constructed in 1970
- Shared conference room and break area, plus an outdoor lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,412
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,240
$408.2K
Cap Rate 7%
$291,600
$291.6K
Cap Rate 9%
$226,800
$226.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$5.2K −$3.46/SF
EGI
$27.2K $18.14/SF
− OpEx
−$6.8K −$4.54/SF
NOI
$20.4K $13.61/SF
Area
Palm Bay, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,240
Cap Rate 7%
$291,600
Cap Rate 9%
$226,800
Alternative Uses
Best Use
Office B
$291.6K
$255.2K – $340.2K
NOI $20,412 @ 7.0% cap · market cap 907.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 1,231.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
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 Office Units in Brevard County, FL
Properties on Market for Office Units in Brevard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Tenants have access to a conference room, break area and outdoor lounge.
Where is this office unit located?
The property is located at 2475 Palm Bay Road NE #140 Palm Bay, FL.
What are key features of this property?
This property features: 1,500‑square‑foot office unit; Building constructed in 1970; Shared conference room and break area, plus an outdoor lounge
