Office Unit With Reception
2901 Palm Bay Road NE A, Palm Bay, FL 32905
For Sale
Contact for pricing
Office suite includes two offices, with water and trash service included.
Property Size5,627 SF
Price / SF$0.22
Days on Market54
Property Features for 2901 Palm Bay Road NE A
General Information
Standard status
Size
Listing Agency:
Waterman Real Estate Inc.
(321) 244-7653
Listed By:
Meili Viera Porter · License FL #3215665
(321) 848-7344
Source:
Startbrevardsearch
Added: Sep 20
Changed: Nov 1
Last Checked: Nov 12 at 7:11AM
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 Waterman Real Estate Inc.
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Investment Insights
Based on property information with market context.
This 5,627-square-foot office unit includes a reception area and two offices within a straightforward professional layout. Water and trash service are included, supporting a simplified occupancy arrangement.
The property is located at 2901 Palm Bay Road NE, A, in Palm Bay, Florida, just off Palm Bay Road NE. Its position near the roadway provides convenient access for office users and visitors.
The property is located at 2901 Palm Bay Road NE, A, in Palm Bay, Florida, just off Palm Bay Road NE. Its position near the roadway provides convenient access for office users and visitors.
Key Highlights
- 5,627‑square‑foot office unit
- Reception area plus two offices
- Water and trash service included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,572
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,531,440
$1.5M
Cap Rate 7%
$1,093,886
$1.1M
Cap Rate 9%
$850,800
$850.8K
Market Conditions
NOI Build-Up for 5,627 SF
Gross rent
$121.5K $21.60/SF
− Vacancy
−$19.4K −$3.46/SF
EGI
$102.1K $18.14/SF
− OpEx
−$25.5K −$4.54/SF
NOI
$76.6K $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%
$1,531,440
Cap Rate 7%
$1,093,886
Cap Rate 9%
$850,800
Alternative Uses
Best Use
Office B
$1.09M
$957.2K – $1.28M
NOI $76,572 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,919 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
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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
$206,200
Median Home Value
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Market
Average Price Trend$/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 - Office suite includes two offices, with water and trash service included.
Where is this office unit located?
The property is located at 2901 Palm Bay Road NE A Palm Bay, FL.
What are key features of this property?
This property features: 5,627‑square‑foot office unit; Reception area plus two offices; Water and trash service included
