Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Multi-Tenant Retail/Office Building For Rent Title is generated by Realmo AI

    2539 Palm Bay Rd NE, Palm Bay, FL 32905

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,308 SF retail/office building built in 2009 on 1 acre.

    Type:Office, Retail
    Property size:
    7,308 SF
    Lot size:
    1.00 Acre
    Added:
    Apr 6, 2023
    Days on Market:
    1142
    Last Refresh:
    May 12 at 10:23 pm

    Property Features for 2539 Palm Bay Rd NE

    General Information

    Standard status
    Active
    Size
    7,308 SF
    Lot size
    1.00 Acre
    Property subtype
    Office, Retail

    Building Details

    Year Built
    2009

    Spaces For Lease

    at 2539 Palm Bay Rd NE Contact us

    Unit 2 $18/Mo

    Size
    1,100 SF
    Type
    Office, Retail
    This spacious 1,050 SF office/retail space is in excellent condition and will be...
    show more
    Contact us

    We can help!

    Listing Contact
    Kirk Von Stein

    Listing agent Kirk Von Stein

    Listing office Charles A. Von Stein, Inc

    Listing date Apr 6, 2023

    Source Crexi

    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 Charles A. Von Stein, Inc

    HighLights

    • 7,308 SF retail/office building built in 2009.
    • Multi‑tenant property.
    • Located on Palm Bay Rd.
    • One block from major employer Harris Corporation.
    • Sits on 1 acre.

    Overview

    This multi-tenant retail/office building offers 7,308 square feet of space. Constructed in 2009, the building is situated on a 1-acre lot. The property is located on Palm Bay Road NE, one block from Harris Corporation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sati Technology — 1595 Palm Bay Rd NE, Palm Bay, FL 32905
    • us365techsupport — 4700 Babcock St NE suite No.24, Palm Bay, FL 32905
    • Icarus Security Research — 4570 Pagosa Springs Cir, Melbourne, FL 32901
    • Office Depot Tech Services — 820 Palm Bay Rd NE #101, Palm Bay, FL 32905
    • Computer Experts — 1500 Palm Bay Rd NE, Palm Bay, FL 32905

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.5948063
    Latitude
    28.0351054

    Nearby Similar for Lease

    • $5,246/Mo
      18,505 SF

      Palm Bay Professional Office Space

      First-floor office with reception, offices, bullpen, and conference room.
      490 Centre Lake Drive NE, Palm Bay, FL 32907
      View Details
    • $21 SF/Yr
      10,000 SF

      Palm Bay Retail Leasing Opportunity

      New build retail space with build-to-suit options available.
      1922 NE Palm Bay Road, Palm Bay, FL 32905
      View Details
    • $3,500/Mo
      5,000 SF

      New Retail/Office Space Available

      Prime retail/office space in a newly constructed building.
      70 San Filippo Drive SE, Palm Bay, FL 32909
      View Details
    • $21 SF/Yr
      10,000 SF

      New Retail Space in Palm Bay

      New construction retail space with build-to-suit options.
      1922 NE Palm Bay Rd, Palm Bay, FL 32905
      View Details
    • $11 SF/Yr
      7,500 SF

      Office and Warehouse Space Available

      Office and warehouse space for rent near major businesses.
      2284 Wilhelmina Court, Palm Bay, FL 32905
      View Details
    • $15 SF/Yr
      3,500 SF

      Palm Bay Warehouse and Office

      Warehouse with office space available for lease in Palm Bay.
      2161 Franklin Drive NE, Palm Bay, FL 32905
      View Details
    • $15 SF/Yr
      7,000 SF

      Versatile Flex Space Available

      Adaptable industrial units for lease, customizable and sprinklered.
      2161 Franklin Dr NE, Palm Bay, FL
      View Details
    • $9 SF/Yr
      21,000 SF

      Palm Bay Warehouse Space Available

      21,000 SF warehouse space for lease near US1.
      2280 Wilhelmina Court, Palm Bay, FL 32905
      View Details
    • $10 SF/Yr
      10,996 SF

      Palm Bay Flex Space Available

      Flex space in Palm Bay's industrial center for lease.
      1591 Robert J Conlan Blvd NE, Palm Bay, FL
      View Details
    • $1,100/Mo
      900 SF

      Retail Space in Palm Bay

      Retail space available for lease in Palm Bay, Florida.
      1707 Canova St Se, Palm Bay, FL
      View Details
    • $23 SF/Yr
      1,231 SF

      Professional Office Space For Rent

      Office spaces ranging from 100 to 3,317 square feet.
      4640 Lipscomb St NE, Palm Bay, FL
      View Details
    • Contact for pricing
      10,000 SF

      New Retail Space in Palm Bay

      New build retail space with build-to-suit potential.
      1922 Palm Bay Road Northeast, Palm Bay, FL 32905
      View Details

    FAQs

    What type of property is this?
    Office space - 7,308 SF retail/office building built in 2009 on 1 acre.
    Where is this office space located?
    The property is located at 2539 Palm Bay Rd NE Palm Bay, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 7,308 SF retail/office building built in 2009.; Multi‑tenant property.; Located on Palm Bay Rd.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kirk Von Stein
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2539 Palm Bay Rd NE, Palm Bay, FL 32905
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!