Six-Bedroom Multifamily
For Sale
$399,000
546 Cooper Court, Palm Bay, FL 32908
Flexible residential layout with multiple living areas and oversized walk-in closets in newer construction.
Property Size3,523 SF
Days on Market86
Property Features for 546 Cooper Court
General Information
Standard status
Active
Size
3,523 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,565
Building Details
Building Size
3,523 SF
Year Built
2022
Listing Agency:
ZOOM Realty Group LLC
(786) 257-9193
Listed By:
Tatiana Valencia
(786) 257-9193
Source:
Jedwardsfl
Added: May 26
Changed: Aug 8
Last Checked: Aug 17 at 9:42PM
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 ZOOM Realty Group LLC
Investment Insights
Based on property information with market context.
This multifamily property in Palm Bay, Florida, was built in 2022 and provides over 3,000 square feet of living space. The six-bedroom layout includes multiple large living areas, oversized walk-in closets, and a flexible interior configuration suited to multigenerational living or residential income use.
Located at 546 Cooper Court, the property combines newer construction with a spacious floor plan. Flooring and paint updates are identified as the primary cosmetic improvements, allowing the next owner to address finishes while retaining the existing layout and building improvements.
Located at 546 Cooper Court, the property combines newer construction with a spacious floor plan. Flooring and paint updates are identified as the primary cosmetic improvements, allowing the next owner to address finishes while retaining the existing layout and building improvements.
Key Highlights
- Six‑bedroom multifamily property in Palm Bay
- Over 3,000 square feet of living space
- Built in 2022
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
$36,719
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
9.20%
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%
$734,380
$734.4K
Cap Rate 7%
$524,557
$524.6K
Cap Rate 9%
$407,989
$408.0K
Market Conditions
NOI Build-Up for 3,523 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
$71.0K $20.16/SF
− Vacancy
−$4.3K −$1.21/SF
EGI
$66.8K $18.95/SF
− OpEx
−$30.0K −$8.53/SF
NOI
$36.7K $10.42/SF
Area
Palm Bay, FL
Vacancy
6.00%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
45.00%
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%
$734,380
Cap Rate 7%
$524,557
Cap Rate 9%
$407,989
Alternative Uses
Best Use
Apartment 5plus
$524.6K
$459.0K – $612.0K
NOI $36,719 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$929.5K
$813.3K – $1.08M
NOI $65,063 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 32908, FL
14,420
Population
5,140
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
19.2 sq mi
ZIP Area
751
Density / Sq Mi
$66,589
Median Household Income
$40,503
Median Earnings
$1,822
Median Rent
$265,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Flexible residential layout with multiple living areas and oversized walk-in closets in newer construction.
Where is this multifamily property located?
The property is located at 546 Cooper Court Palm Bay, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Six‑bedroom multifamily property in Palm Bay; Over 3,000 square feet of living space; Built in 2022
