First-Floor Office
490 Centre Lake Drive NE #100a, Palm Bay, FL 32907
For Sale
Contact for pricing
Built-out offices provide a ready interior configuration within a professionally maintained building.
Property Size18,505 SF
Price / SF$0.22
Days on Market78
Property Features for 490 Centre Lake Drive NE #100a
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Property Use
Building Details
Year Built
Listing Agency:
SouthTrend Realty
(321) 752-1199
Listed By:
Adam Rathbun · License FL #601973
(321) 266-9200
Source:
Mccoyfreeman
Added: Aug 27
Changed: Nov 11
Last Checked: Nov 12 at 9:51AM
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 SouthTrend Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 100-A is a first-floor office unit with built-out offices. The property was constructed in 1998, and the lobby was renovated in November 2025.
Located at 490 Centre Lake Drive NE in Palm Bay, the suite is part of an office property identified as 18,505 square feet.
Located at 490 Centre Lake Drive NE in Palm Bay, the suite is part of an office property identified as 18,505 square feet.
Key Highlights
- First‑floor office unit with built‑out offices
- Lobby renovation completed in November 2025
- Property constructed in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,816
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,036,320
$5.0M
Cap Rate 7%
$3,597,371
$3.6M
Cap Rate 9%
$2,797,956
$2.8M
Market Conditions
NOI Build-Up for 18,505 SF
Gross rent
$399.7K $21.60/SF
− Vacancy
−$64.0K −$3.46/SF
EGI
$335.8K $18.14/SF
− OpEx
−$83.9K −$4.54/SF
NOI
$251.8K $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%
$5,036,320
Cap Rate 7%
$3,597,371
Cap Rate 9%
$2,797,956
Alternative Uses
Best Use
Office B
$3.60M
$3.15M – $4.20M
NOI $251,816 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.88M
$4.27M – $5.70M
NOI $341,750 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 32907, FL
44,432
Population
17,761
Households
2.5
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
17.7 sq mi
ZIP Area
2,510
Density / Sq Mi
$71,827
Median Household Income
$36,498
Median Earnings
$1,693
Median Rent
$253,700
Median Home Value
Market
Average Price Trend$/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 - Built-out offices provide a ready interior configuration within a professionally maintained building.
Where is this office unit located?
The property is located at 490 Centre Lake Drive NE #100a Palm Bay, FL.
What are key features of this property?
This property features: First‑floor office unit with built‑out offices; Lobby renovation completed in November 2025; Property constructed in 1998
