Mixed-Use Community with Retail
For Sale
Contact for pricing
2495 Port Malabar Boulevard NE #2, Palm Bay, FL 32905
Commercial suites are part of a completed residential community with apartments, townhomes, and shared gathering areas.
Property Size2,494 SF
Price / SF$2.08
Days on Market64
Property Features for 2495 Port Malabar Boulevard NE #2
General Information
Standard status
Active
Size
2,494 SF
Property subtype
Retail
Additional Details
Traffic Count
22,000 vehicles/day
Amenities
resort-style amenities
overlooking the Indian River
vibrant resident gathering areas
Building Details
Year Built
2025
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Sep 1
Changed: Oct 30
Last Checked: Oct 30 at 2:09AM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
Completed in 2025, this mixed-use property brings together 318 apartments, 6 townhomes, and 19,000 SF of commercial space. Available commercial shells range from 1,200 to 9,007 SF, with tenant improvements negotiable. Resident gathering areas and amenities are part of the community, which overlooks the Indian River.
The property is at 2495 Port Malabar Boulevard NE in Palm Bay. The stated traffic count is 22,000 for 2023.
The property is at 2495 Port Malabar Boulevard NE in Palm Bay. The stated traffic count is 22,000 for 2023.
Key Highlights
- 318 apartments and 6 townhomes alongside 19,000 SF of commercial space
- Commercial shell spaces range from 1,200‑9,007 SF
- Completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,753
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,060
$575.1K
Cap Rate 7%
$410,757
$410.8K
Cap Rate 9%
$319,478
$319.5K
Market Conditions
NOI Build-Up for 2,494 SF
Gross rent
$44.9K $18.00/SF
− Vacancy
−$3.8K −$1.53/SF
EGI
$41.1K $16.47/SF
− OpEx
−$12.3K −$4.94/SF
NOI
$28.8K $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%
$575,060
Cap Rate 7%
$410,757
Cap Rate 9%
$319,478
Alternative Uses
Best Use
Mixed Use
$413.4K
$361.7K – $482.3K
NOI $28,937 @ 7.0% cap · market cap 557.02%
Second Best
Retail
$410.8K
$359.4K – $479.2K
NOI $28,753 @ 7.0% cap · market cap 553.47%
Theoretical Best
Office A
$658.0K
$575.7K – $767.7K
NOI $46,059 @ 7.0% cap · market cap 886.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,530 visits/mo
0.3 miles
Chevron
Shops & Services
2,418 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial suites are part of a completed residential community with apartments, townhomes, and shared gathering areas.
Where is this mixed-use property located?
The property is located at 2495 Port Malabar Boulevard NE #2 Palm Bay, FL.
What are key features of this property?
This property features: 318 apartments and 6 townhomes alongside 19,000 SF of commercial space; Commercial shell spaces range from 1,200‑9,007 SF; Completed in 2025
