Mixed-Use Property with Retail
For Sale
Contact for pricing
2495 Port Malabar Boulevard NE #1, Palm Bay, FL 32905
Commercial space is part of a completed residential community with 318 apartments and six townhomes.
Property Size4,082 SF
Price / SF$2.08
Days on Market61
Property Features for 2495 Port Malabar Boulevard NE #1
General Information
Standard status
Active
Size
4,082 SF
Property subtype
Retail
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 2:03AM
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 combines 19,000 square feet of commercial space with 318 apartment units and six townhomes. The listed space measures 4,082 square feet; shell spaces at the property range from 1,200 to 9,007 square feet, with tenant improvements negotiable.
The community overlooks the Indian River. A traffic count of 22,000 was recorded in 2023.
The community overlooks the Indian River. A traffic count of 22,000 was recorded in 2023.
Key Highlights
- 19,000 SF of commercial space within the mixed‑use community
- 318 apartment units and 6 townhomes
- Listed space measures 4,082 SF; shell spaces range from 1,200‑9,007 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,061
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,220
$941.2K
Cap Rate 7%
$672,300
$672.3K
Cap Rate 9%
$522,900
$522.9K
Market Conditions
NOI Build-Up for 4,082 SF
Gross rent
$73.5K $18.00/SF
− Vacancy
−$6.2K −$1.53/SF
EGI
$67.2K $16.47/SF
− OpEx
−$20.2K −$4.94/SF
NOI
$47.1K $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%
$941,220
Cap Rate 7%
$672,300
Cap Rate 9%
$522,900
Alternative Uses
Best Use
Mixed Use
$676.6K
$592.0K – $789.4K
NOI $47,361 @ 7.0% cap · market cap 556.93%
Second Best
Retail
$672.3K
$588.3K – $784.4K
NOI $47,061 @ 7.0% cap · market cap 553.40%
Theoretical Best
Office A
$1.08M
$942.3K – $1.26M
NOI $75,386 @ 7.0% cap · market cap 886.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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 space is part of a completed residential community with 318 apartments and six townhomes.
Where is this mixed-use property located?
The property is located at 2495 Port Malabar Boulevard NE #1 Palm Bay, FL.
What are key features of this property?
This property features: 19,000 SF of commercial space within the mixed‑use community; 318 apartment units and 6 townhomes; Listed space measures 4,082 SF; shell spaces range from 1,200‑9,007 SF
