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1264 Malabar Rd SE 5,010 SF Office Building Palm Bay, FL 32907 $3,072,735 CAD ($613.32 CAD/SF) 3.33% Cap Rate
Executive Summary
Prime Income-Producing Medical Office & Development Site Secure a turnkey investment featuring an established medical office building, anchored by a stable hospital tenant since 2019. Currently generating $75,000 in annual gross income, the lease runs through 2027 with two 1-year renewal options. Located just off the high-traffic Malabar Road corridor, this parcel offers immediate cash flow alongside significant development upside. Benefit from a thriving professional ecosystem and versatile zoning in one of the area’s most sought-after business hubs. New roof in October 2025.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,010 SF
Building Class
C
Year Built
1988
Price
$3,072,735 CAD
Price Per SF
$613.32 CAD
Cap Rate
3.33%
NOI
$102,424 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,010 SF
Building FAR
0.03
Lot Size
3.49 AC
Zoning
CC - Community Commercial
Parking
50 Spaces (9.98 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29-37-04-00-00010.0-0000.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,282,983 CAD |
Property Taxes
Parcel Number
29-37-04-00-00010.0-0000.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,282,983 CAD
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1264 Malabar Rd SE
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