Listing Agency: CRE Advisors

Listed By: David Hammett · License #FL 3107164

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 7:08PM

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Investment Insights

Based on property information with market context.

This 1,222-square-foot office building provides a practical layout for professional operations, with three private offices and a separate conference room. The interior also includes a kitchen and breakroom area, supporting day-to-day staff use and meetings.

ADA-compliant bathrooms are included within the building. The property is located at 695 Malabar Rd in Palm Bay, Florida, with the address identified as 695 Malabar Rd, Palm Bay, FL 32907.

Key Highlights

• 1,222 SF office building
• Three private offices
• Conference room

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Hair Salon Law Firm HVAC Service Real Estate Agency Auto Repair Shop Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

56

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

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Compact office property with a conference room, breakroom, and ADA-compliant bathrooms.

Where is this office building located?

The property is located at 695 Malabar Rd Palm Bay, FL.

What are key features of this property?

This property features: 1,222 SF office building; Three private offices; Conference room