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    2061 Palm Bay Rd Palm Bay, FL 32905

    For Lease
    $17 SF/Yr

    Prime Retail Space, High Traffic Area

    Lot size:
    1,215 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,215 square foot retail property, located at 2061 NE Palm Bay Road, presents a unique investment opportunity. Situated on a 0.09-acre lot (APN: 28-37-22-01-00002.0-0005.06), this single-tenant building offers a versatile space ideal for a variety of commercial uses. The property features a large, central great room perfect for showcasing products or services, complemented by two full bathrooms, one of which includes a shower. Its strategic location benefits from high visibility and foot traffic, enhanced by the presence of established businesses such as an ophthalmologist, dentist, and real estate company on the first floor. The property's classification as both retail and land provides flexibility for potential expansion or redevelopment. This is a prime opportunity to establish a thriving business in a rapidly growing area. The property is zoned for commercial use and offers significant potential for return on investment. The single-tenant occupancy simplifies management and provides a stable income stream. This property is ready for immediate occupancy and presents a rare chance to secure a desirable retail location in a high-demand area. Serious inquiries are encouraged to schedule a viewing.

    Property Features for 2061 Palm Bay Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,215 SF

    Unit(s) available at that property

    Space
    102a
    Size
    1,215 SF
    Rate per SF
    $17

    HighLights

    • Retail property totaling 1,215 square feet on a 0.09‑acre lot.
    • Single‑tenant occupancy.
    • Located at 2061 NE Palm Bay Road.
    • Property includes a large central room with two bathrooms, one with a shower.
    • APN: 28‑37‑22‑01‑00002.0‑0005.06
    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
    -80.6121073
    Latitude
    28.0356783

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    FAQs

    What type of property is this?
    Land - Prime Retail Space, High Traffic Area
    Where is this land located?
    The property is located at 2061 Palm Bay 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: Retail property totaling 1,215 square feet on a 0.09-acre lot.; Single-tenant occupancy.; Located at 2061 NE Palm Bay Road.
    Request Owner's contact information
    2061 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
    2061 Palm Bay Rd Palm Bay, FL 32905
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