Office and Retail
For Sale
Contact for pricing
Pending
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
Days on Market147
Property Features for 2539 Palm Bay Rd. NE
General Information
Standard status
Pending
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: Oct 19
Last Checked: Oct 19 at 7:30AM
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
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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 / Yr
$99,447
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in ready office and retail suites with landlord-supported monument and facade signage.
Where is this office unit 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
