2475 Palm Bay Rd Palm Bay, FL 32905
This exceptional Brevard County retail property, located at 2475 Palm Bay Road NE, Palm Bay, FL 32905 (Palm Bay Road x Lipscomb Street), offers 66,922 square feet of space in a single building on a 14.13-acre lot. Currently, 20,207 square feet of vacant space is available, divisible into smaller units ranging from approximately 980 to 20,207 square feet. The property, classified as Class B, was built in 1975 and renovated in 2015. Features include abundant parking, elevators, and a shared lobby, break room, and outdoor lounge area. Utilities such as water and common area janitorial services are included in the lease rate. The property is zoned LI and has an APN of 28-37-23-00-00256.0-0000.00. This location in the Space Coast submarket presents a unique opportunity for businesses seeking flexible, modern retail space. The property's size and amenities make it suitable for a variety of retail uses. Interested parties should note that the minimum divisible space is 20,207 square feet, with a maximum contiguous space of the same size. The property is ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.