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    2000-2040 Palm Bay Rd Palm Bay, FL 32905

    For Lease
    $21 SF/Yr

    Palm Bay retail space, 740 sq ft available.

    Lot size:
    17,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 17,760 square foot, multi-tenant commercial property situated in the thriving Palm Bay submarket of Brevard County, Florida. The property, known as Arlington Shopping Plaza, comprises three single-story buildings totaling 17,760 square feet on a 1.86-acre lot. Currently, 740 square feet of retail/office space is available for lease within this 24-unit shopping center. The buildings boast new metal roofs installed in 2022 and underwent a complete renovation in 2021 or earlier. Conveniently located on Palm Bay Road, the plaza offers easy access to US Highway One and Interstate-95, enhancing its visibility and accessibility. Two entrances on Palm Bay Road provide ample access for customers and tenants. Ample parking is available, with spaces located in front of each storefront and additional parking centrally located within the three buildings. The property is zoned Community Commercial and features the APN 28-37-22-00-00750.J-0000.00. Built in 1978, this property offers a blend of established presence and modern updates, making it an attractive option for businesses seeking a well-maintained and strategically located space in Palm Bay, Florida. The address is 2000-2040 Palm Bay Rd NE, Palm Bay, FL 32905.

    Property Features for 2000-2040 Palm Bay Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,760 SF
    Total Rate
    31080

    Building Details

    Year Built/Renovated
    1978/2021
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Bldg. 2020 Unit 4
    Size
    740 SF
    Rate per SF
    $21
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.613149035423
    Latitude
    28.034943233111

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    FAQs

    What type of property is this?
    Office Property / Space - Palm Bay retail space, 740 sq ft available.
    Where is this office property / space located?
    The property is located at 2000-2040 Palm Bay Rd Palm Bay, FL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    Request Owner's contact information
    2000-2040 Palm Bay Rd Palm Bay, FL 32905
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    Palm Bay, FL 32905
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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
    2000-2040 Palm Bay Rd Palm Bay, FL 32905
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