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    1240 Malabar Rd Palm Bay, FL 32907

    For Lease
    $17 SF/Yr

    1.9 Acres, High-Traffic Location

    Lot size:
    82,764 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.9-acre commercial land parcel presents a prime ground lease opportunity in Palm Bay, Florida. Boasting 82,764 square feet and a significant 315-foot frontage on Malabar Road, this property enjoys unparalleled visibility and accessibility. Located at 1240 Malabar Road, the site benefits from its strategic position at the intersection of Malabar Road, I-95, and Babcock Road, experiencing daily traffic counts exceeding 40,000 vehicles. The GC zoning allows for a variety of commercial uses, making it suitable for a wide range of businesses. Situated in Brevard County, zip code 32907, this property is ideally positioned within Palm Bay, a rapidly growing city recognized by Forbes as one of the fastest-growing in the nation. The area is home to major employers in defense, ICT, aviation, and aerospace, including Raytheon Technologies, Renesas Electronics, and L3Harris, creating a robust and expanding market. This high-traffic location and strong economic environment make this a truly exceptional investment opportunity for businesses seeking high visibility and access to a thriving consumer base. The single-tenant lease structure offers simplicity and control. Don't miss this chance to establish your business in a dynamic and rapidly developing area.

    Property Features for 1240 Malabar Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    82,764 SF

    Unit(s) available at that property

    Space
    Size
    82,764 SF
    Rate per SF
    $17

    HighLights

    • 1.9‑acre commercial land parcel in Palm Bay, FL, offering a ground lease opportunity.
    • 82,764 square feet with 315 feet of frontage on Malabar Road, providing high visibility.
    • Strategically located at the intersection of Malabar Road, I‑95, and Babcock Road, with over 40,000 vehicles daily.
    • GC zoning allows for diverse commercial uses.
    • Located in a rapidly growing area of Palm Bay, Brevard County (zip code 32907), near major employers in defense and technology.
    • Single‑tenant lease structure available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Hair Salon Auto Repair Shop Gym & Fitness HVAC Service Bakery Nursing Home Travel Agency Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6243729
    Latitude
    27.9984408

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    FAQs

    What type of property is this?
    Land - 1.9 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 1240 Malabar Rd Palm Bay, FL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 1.9-acre commercial land parcel in Palm Bay, FL, offering a ground lease opportunity.; 82,764 square feet with 315 feet of frontage on Malabar Road, providing high visibility.; Strategically located at the intersection of Malabar Road, I-95, and Babcock Road, with over 40,000 vehicles daily.
    Request Owner's contact information
    1240 Malabar Rd Palm Bay, FL 32907
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    Palm Bay, FL 32907
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    Realmo Value Estimation

    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.

    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.

    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
    1240 Malabar Rd Palm Bay, FL 32907
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