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$2,250,000

  • For Sale
  • Active
  • Office
See This Home
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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.

Full Property Details for 1264 Malabar Rd SE

General

  • Price: $2,250,000
  • Taxes: $17,681 (2024)
  • Status: Active
  • Type: Office
  • Source: BrevardCounty
  • MLS ID: 1075327
  • Updated: 4/22/2026
  • Added to Site: 31 day(s) ago

Rental Information

  • Complex Features: Interior Corridors, Kitchen Facilities, Lobby, Lounge, Medical, Office, Public Restroom, Rear Access, Reception Area

Rooms

Bathrooms

  • Total Bathrooms: 5

Parking

  • Parking Features: Off Street, Parking Lot, Unassigned

Location

  • Area: 343 - SE Palm Bay
  • County: Brevard
  • Subdivision: None
  • Driving Directions: From I95, east on Malabar Rd. to 1264 on the right (just before Babcock St.).

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Water Connected

Structural Information

  • Exterior Const.: Block, Stucco
  • Stories/Levels: 1
  • Square Feet: 5,010
  • Sq. Ft. Source: Appraiser
  • Living Area: 5,010 Sq. Ft.
  • Current Bldg. Use: Medical/Dental
  • Year Built: 1988

Unit Information

  • Units in Building: 1

Lot Features

  • Lot Size (Acres): 3.49
  • Lot Size (Sq. Ft.): 152,024.4
  • Lot Features: Other

Financial Considerations

  • Price Per Sq. Ft.: $449.1
  • Tax Amount: $17,681
  • Tax Year: 2024
  • Owner Pays: Repairs
  • Tenant Pays: Common Area Maintenance, Electricity, Exterior Maintenance, Grounds Care, Hot Water, HVAC Maintenance, Insurance, Janitorial Service, Taxes, Water, All Utilities

Disclosures and Reports

  • Special Conditions: Standard, Presently Leased
  • Property ID: 29-37-04-00-00010.0-0000.00

Listed by Rahal Real Estate LLC

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Listing agent

— 1264 Malabar Rd SE —

  • Rahal Real Estate LLC

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1264 Malabar Rd SE

School District:Brevard County School District
NameGradesDistance
Port Malabar Elementary School
301 Pioneer Avenue Northeast, Palm Bay, FL 32907
PK-60.4 mi
Palm Bay Magnet Senior High School
101 Pirate Lane, Melbourne, FL 32901
9-123.5 mi
Stone Magnet Middle School
1101 East University Boulevard, Melbourne, FL 32901
7-84.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1264 Malabar Rd SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/22/2026
Listed
$2,250,000
221.43%
MLS
5/25/2012
Sold
$700,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1264 Malabar Rd SE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,973
-4%
$939,460
4%
2024
$17,681
6%
$899,580
8%
2023
$16,702
2%
$836,760
9%
2021
$16,332
1%
$766,850
-4%
2022
$16,091
-1%
$800,190
4%
2021
$16,332
-6%
$770,900
7%
2018
$17,423
1%
$720,430
6%
2017
$17,200
14%
$680,000
5%
2016
$15,091
6%
$650,000
10%
2015
$14,172
-22%
$590,000
-22%
2019
$18,257
33%
$758,970
36%
2014
$13,698
—
$560,000
2%
2013
$13,717
—
$550,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Rahal Real Estate LLC

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1264 Malabar Road SE, Palm Bay, FL 32907 (MLS# 1075327) is a Office property. 1264 Malabar Road SE is currently listed for $2,250,000 and was received on April 22, 2026. Want to learn more about 1264 Malabar Road SE? Do you have questions about finding other Office real estate for sale in Palm Bay? You can browse all Palm Bay real estate or contact a Coldwell Banker agent to request more information.

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