First-Floor Office
For Sale
Contact for pricing
490 Centre Lake Drive NE 100a, Palm Bay, FL 32907
Built-out offices and a renovated lobby provide a functional workplace setting for business operations.
Property Size18,505 SF
Price / SF$0.22
Days on Market48
Property Features for 490 Centre Lake Drive NE 100a
General Information
Standard status
Active
Size
18,505 SF
Additional Details
Floor
1
Listing Agency:
SouthTrend Realty
(321) 752-1199
Listed By:
Adam Rathbun · License #601973
(321) 266-9200
Source:
Startbrevardsearch
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 8:38AM
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
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Investment Insights
Based on property information with market context.
Suite 100-A at 490 Centre Lake Drive NE is a first-floor office space within an 18,505-square-foot property. The suite includes built-out offices, providing an established layout for professional operations without the need to begin with a completely unfinished interior.
The lobby was renovated in November 2025, creating an updated entry area for clients and employees. The property is located in Palm Bay, Florida, with the suite identified as 100-A.
The lobby was renovated in November 2025, creating an updated entry area for clients and employees. The property is located in Palm Bay, Florida, with the suite identified as 100-A.
Key Highlights
- First‑floor office suite with built‑out offices
- Property size: 18,505 square feet
- Lobby renovation completed in November 2025
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 · market cap 6,260.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.88M
$4.27M – $5.70M
NOI $341,750 @ 7.0% cap · market cap 8,497.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Built-out offices and a renovated lobby provide a functional workplace setting for business operations.
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 suite with built‑out offices; Property size: 18,505 square feet; Lobby renovation completed in November 2025
