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    1326 Malabar SE Rd Palm Bay, FL 32907-2502

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    1326 Malabar SE Rd Palm Bay, FL 32907-2502

    View on Map
    • Office buildings
    • 10,628 SF
    • 0.77 lot acres
    Off-Market
    Property ID
    US18-4500005
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,255,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1326 Malabar SE Rd

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.77 lot acres
    Property size
    10,628 SF
    Zone code
    CC
    Property type
    Office buildings
    APN
    29-37-03-25-02211.0-0012.00
    APU
    9223372036854775807

    Description

    This two-story, 9,010-square-foot multi-tenant office building in Palm Bay, Florida, offers a prime location near the I-95 and Malabar Road intersection. Built in 1984, the property sits on approximately 0.6 acres and features nine suites, with 3,238 square feet currently vacant. The building's zoning permits retail, office, medical, financial, and personal services uses, making it highly versatile. Its strategic location within a thriving retail and dining corridor, close to major residential developments, Palm Bay Hospital, Eastern Florida State College, and numerous big-box retailers (including Lowe's, Home Depot, Publix, and Walmart), ensures high visibility and accessibility. The available space presents a unique opportunity for businesses seeking a well-situated office or retail presence in a dynamic Palm Bay submarket. The property's address is 1326 Malabar Rd, Palm Bay, FL 32907, and its APN is 29-37-03-25-02211.0-0012.00. One suite of 1,024 square feet is currently available. This is a great opportunity to establish or expand your business in a high-traffic area with excellent amenities and strong demographics. The property is located in Brevard County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,488,000
      Market price range: $1.49M - $3.13M
      AI Estimate
      $826,000
      Market price range: $827k - $2.74M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,825,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6197
    Latitude
    27.9981
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,700
    $145,540
    $409,260
    $554,800
    -
    $145,540
    $409,260
    $554,800

    Comparable in this City

    • Value Estimation
      $8,480,000
      40,216 SF

      950 Malabar SW Rd

      OFFICE BUILDING • 40,216 SF
      950 Malabar SW Rd, Palm Bay, FL 32907-6834
      View Details
    • Value Estimation
      $1,730,000
      3,256 SF

      1516 Norman NE St

      PROFESSIONAL BUILDING • 3,256 SF
      1516 Norman NE St, Palm Bay, FL 32907-2504
      View Details
    • Value Estimation
      $1,200,000
      6,030 SF

      1563 Georgia NE St

      OFFICE BUILDING • 6,030 SF
      1563 Georgia NE St, Palm Bay, FL 32907-2565
      View Details
    • Value Estimation
      $1,335,000
      9,400 SF

      590 Malabar SE Rd

      OFFICE BUILDING • 9,400 SF
      590 Malabar SE Rd, Palm Bay, FL 32907-3108
      View Details
    • Value Estimation
      $960,000
      3,812 SF

      210 Ring NE Ave

      OFFICE BUILDING (MULTI-STORY) • 3,812 SF
      210 Ring NE Ave, Palm Bay, FL 32907-2271
      View Details
    • Value Estimation by Request
      2,072 SF

      706 Malabar SE Rd

      OFFICE BUILDING • 2,072 SF
      706 Malabar SE Rd, Palm Bay, FL 32907-3205
      View Details

    Similar Nearby for Sale

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      0.23 Acres

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      Prime real estate opportunity in a sought-after Palm Bay area.
      1018 Benedictine St NW, Palm Bay, FL 32907
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    • Contact for pricing

      Palm Bay Commercial Land Opportunity

      1.75 acres with redevelopment potential in Palm Bay, Florida.
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      I-95 Exposure Land Opportunity

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      5,850 SF

      Commercial Property with Income Opportunities

      Neighborhood commercial property with multiple income streams in Palm Bay.
      214 Emerson Dr NW, Palm Bay, FL 32907
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    • $55,000
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      Vacant Lot in Palm Bay

      Spacious vacant lot in a growing, desirable Palm Bay area.
      241 Krassner Dr, Palm Bay, FL 32907
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    • $42,000
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      Residential Land in Palm Bay

      Prime lot in NW Palm Bay, close to amenities.
      1018 Benedictine St NW, Palm Bay, FL 32907
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    Similar Nearby for Lease

    • Contact for pricing

      Palm Bay Office Space Available

      Office space available for rent in Palm Bay, Florida.
      6100 Minton Rd, Palm Bay, FL 32907
      View Details
    • $5,246 /Mo
      18,505 SF

      Palm Bay Professional Office Space

      First-floor office with reception, offices, bullpen, and conference room.
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      Retail Parcels Near Publix Center

      Retail development parcels with high visibility and access.
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      5,918 SF

      Unique Restaurant and Retail Opportunity

      Former museum spaces ideal for restaurant, food hall, or retail.
      1510-1520 Highland Ave, Melbourne, FL 32907
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    1326 Malabar SE Rd
    Palm Bay, FL 32907-2502
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    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
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