620 Malabar SW Rd Palm Bay, FL 32907
This exceptional Palm Bay commercial property offers 2,025 square feet of versatile space, ideal for a single tenant. Situated on a 0.24-acre lot, this single-story building (APN: 29-37-06-04-00000.0-0004.Xa) features a thoughtfully designed layout perfect for office use. The current configuration includes a welcoming reception area, a multi-purpose waiting or conference room, a spacious open area, three private offices providing ample privacy, two bathrooms for convenience, and a dedicated break room/lounge for employee relaxation. The flooring is a combination of laminate and carpet. The property benefits from two recently installed air conditioning units, ensuring year-round comfort. Tenants are welcome to make interior modifications at their own expense, subject to owner approval. Ample open parking is available for employees and clients. A comprehensive security system, including monitoring and exterior cameras, provides peace of mind. The lease terms include a minimum two-year commitment with a two-year option. Rent is due on the first of each month, with a five-day grace period and a 10% late fee. Note that the occupant will be responsible for a monthly association fee of $1200. This property presents a fantastic opportunity for businesses seeking a well-maintained and secure space in a desirable Palm Bay location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Palm Bay, FLPalm Bay. Always verify with local authorities before improvements.
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.