Turn-Key Restaurant with Open
For Sale
$1,249,982
4720 Dixie Highway NE, Palm Bay, FL 32905
Commercial Sale, Other - Palm Bay, FL
Property Size3,376 SF
Lot Size1.03 Acres
Price / SF$370.26
Days on Market129
Property Features for 4720 Dixie Highway NE
General Information
Property type
Commercial Sale
Property subtype
Business
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Subdivision
Palm Bay Estates 1st Unit
Standard status
Active
APN
28-37-25-Fq-00003.0-0010.00
Size
3,376 SF
Lot size
1.03 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water front features
River Front
Water front
1
Building Details
Year built
1984
Roof type
Metal, Rolled/Hot Mop
Architectural style
Other
Listing Agency:
Engel & Völkers Melbourne Beachside
(321) 254-5275
Listed By:
Marcie W Bolt
(321) 254-5275
Added: Apr 23
Changed: Jul 15
Last Checked: Aug 29 at 11:06AM
MLS# 1064222
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turn-key restaurant facility is offered with a fully equipped commercial kitchen and a flexible dining layout, supported by existing on-site improvements for immediate operation. Most furnishings, fixtures, and equipment are conveyed with the real estate, and the property also features a large open patio with direct Indian River views. The site includes ample parking to support customer access.
The property is located at 4720 Dixie Highway NE in Palm Bay, Florida, and is situated along Dixie Hwy NE. The property is in Highway Commercial (HC) zoning, allowing a wide range of commercial uses.
With approximately 3,376 square feet under roof on a 1.03-acre lot, this restaurant property provides an operationally ready footprint with indoor dining space and an exterior patio oriented toward the water.
The property is located at 4720 Dixie Highway NE in Palm Bay, Florida, and is situated along Dixie Hwy NE. The property is in Highway Commercial (HC) zoning, allowing a wide range of commercial uses.
With approximately 3,376 square feet under roof on a 1.03-acre lot, this restaurant property provides an operationally ready footprint with indoor dining space and an exterior patio oriented toward the water.
Key Highlights
- Direct Indian River views.
- Turn‑key restaurant facility with fully equipped commercial kitchen.
- Highway Commercial (HC) zoning allows for a wide range of commercial uses.
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
$44,968
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
3.60%
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%
$899,360
$899.4K
Cap Rate 7%
$642,400
$642.4K
Cap Rate 9%
$499,644
$499.6K
Market Conditions
NOI Build-Up for 3,376 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
$64.8K $19.20/SF
− Vacancy
−$4.9K −$1.44/SF
EGI
$60.0K $17.76/SF
− OpEx
−$15.0K −$4.44/SF
NOI
$45.0K $13.32/SF
Area
Palm Bay, FL
Vacancy
7.50%
Lease Rate
$19.20 /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%
$899,360
Cap Rate 7%
$642,400
Cap Rate 9%
$499,644
Alternative Uses
Best Use
Specialty Retail
$642.4K
$562.1K – $749.5K
NOI $44,968 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$890.7K
$779.4K – $1.04M
NOI $62,348 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,530 visits/mo
0.5 miles
Chevron
Shops & Services
2,418 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-key restaurant with fully equipped kitchen, flexible dining, and an open patio overlooking the Indian River.
Where is this conventional restaurant located?
The property is located at 4720 Dixie Highway NE Palm Bay, FL.
What is the asking price?
The asking price for this property is $1,249,982.
What are key features of this property?
This property features: Direct Indian River views.; Turn‑key restaurant facility with fully equipped commercial kitchen.; Highway Commercial (HC) zoning allows for a wide range of commercial uses.
