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1071 Port Malabar Blvd NE
Palm Bay, FL 32905

$2,338,242 USD

Medical For Sale  •  18,500 SF

Property Details

• Property Type Medical
• Total Building Size 18,500 SF
• Lot Size 1.78 AC
• Building Class B
• Year Built 1990
• Cap Rate 4.91 %
• Tenancy Multiple
• Zoning CC

30 Transit Score

50 Walk Score

Highlights

Established medical & professional tenancy with diverse healthcare users serving Palm Bay community

Eight tenants across medical, therapy, insurance, and professional services providing diversified cash flow

Healthcare practices benefit from repeat patient volume and proximity to Health First facilities

Located along Port Malabar Boulevard with direct connectivity to I-95 and U.S. Route 1

5-mile trade area home to nearly 150,000 residents projected to grow 2.0% annually through 2029

Full roof replacement in 2024 substantially reduces near-term capital risk for incoming buyer

Cap Rate:

4.91 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Angels For Kids On Call 24/7 Inc		12/1/2018
Brevard Bacjground Check
Brevard Skin & Cancer Center
New Generation Professional Services		5/2/2026
Speech Health and Therapy		9/30/2028
Wild Manta		5/2/2025

Public Transportation

Airport	Drive	Walk	Distance
Melbourne Orlando International	17 min	-	7.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Covered
Included in Rent:	Yes