Office and Retail
For Sale
Contact for pricing
2539 Palm Bay Rd. NE, Palm Bay, FL 32905
Move-in ready office and retail suites with landlord-supported monument and facade signage.
Property Size7,308 SF
Price / SF$150.52
Days on Market101
Property Features for 2539 Palm Bay Rd. NE
General Information
Standard status
Active
Size
7,308 SF
Class
B
Property subtype
Retail, Office
Lease Type
Modified Gross
Building Details
Year Built
2009
Stories
1
Units
7
Tenancy
Multi
Listing Agency:
Charles A. Von Stein, Inc
Listed By:
Kirk Von Stein
(772) 778-4885
Source:
Crexi
Added: May 27
Changed: Sep 4
Last Checked: Sep 1 at 4:37AM
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 Charles A. Von Stein, Inc
Investment Insights
Based on property information with market context.
This property offers office and retail suites presented in excellent condition and available for immediate occupancy. The available space is configured for flexible use between professional office needs and retail presentations, with the building supporting both product- and service-oriented operations.
The landlord provides visibility support through a facade sign and a monument sign, helping identify the property for arriving tenants and customers. This signage package can be a practical advantage for businesses that rely on storefront awareness.
For prospective tenants or buyers, the mix of office and retail suite options makes the building relevant for teams that want to operate on-site with a commercial presence, or for investors seeking a property that can accommodate multiple business types. With immediate occupancy and active signage support from the landlord, it supports straightforward transition plans and reduces lead-time for an operating business.
The landlord provides visibility support through a facade sign and a monument sign, helping identify the property for arriving tenants and customers. This signage package can be a practical advantage for businesses that rely on storefront awareness.
For prospective tenants or buyers, the mix of office and retail suite options makes the building relevant for teams that want to operate on-site with a commercial presence, or for investors seeking a property that can accommodate multiple business types. With immediate occupancy and active signage support from the landlord, it supports straightforward transition plans and reduces lead-time for an operating business.
Key Highlights
- Office and retail suites available for immediate occupancy
- Year built: 2009
- Landlord pays for the facade sign and monument sign
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,447
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,988,940
$2.0M
Cap Rate 7%
$1,420,671
$1.4M
Cap Rate 9%
$1,104,967
$1.1M
Market Conditions
NOI Build-Up for 7,308 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$157.9K $21.60/SF
− Vacancy
−$25.3K −$3.46/SF
EGI
$132.6K $18.14/SF
− OpEx
−$33.1K −$4.54/SF
NOI
$99.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,988,940
Cap Rate 7%
$1,420,671
Cap Rate 9%
$1,104,967
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.66M
NOI $99,447 @ 7.0% cap · market cap 9.04%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,254 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,964 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
533
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office and retail suites with landlord-supported monument and facade signage.
Where is this office units located?
The property is located at 2539 Palm Bay Rd. NE Palm Bay, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Office and retail suites available for immediate occupancy; Year built: 2009; Landlord pays for the facade sign and monument sign
