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    Renovated Mixed-Use Commercial Property Title is generated by Realmo AI

    1280 Highway 1, Malabar, FL 32950

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    Claim this Listing
    For Sale
    $1,600,000

    COMMERCIAL - Malabar, FL

    Property size:
    4,357 SF
    Lot size:
    0.61 Acres
    Price / SF:
    $367/SF
    Added:
    Sep 26, 2025
    Days on Market:
    243
    Last Refresh:
    May 26 at 4:06 pm

    Property Features for 1280 Highway 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Parking features
    Parking Lot, Assigned
    Standard status
    Active
    APN
    28-38-31-00-00262.0-0000.00
    Size
    4,357 SF
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PART OF LOT 2 & PT OF SE 1/4 OF NW 1/4 & PT OF NE 1/4 OF SW 1/4 S OF DB 295 PG 502 & N OF DB 287 PG 539 AS DES IN ORB 3212 PG 779 EXC US HWY 1 R/W PAR 263
    Tax Annual Amount
    10640

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Multi Units, Ceiling Fan(s), Central Air, Electric
    Water source
    Well, Private
    Water front features
    River Front, Navigable Water, Seawall, River Access
    Water front
    1

    Building Details

    Year built
    1948
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Laminate, Tile, Vinyl, Wood
    Building materials
    Concrete, Frame, Stucco
    Roof type
    Metal, Wood

    We can help!

    Listing Contact
    Adam Michael Drwiega
    Adam Michael Drwiega

    Listing agent Adam Michael Drwiega License #3503298

    Listing office EXP Realty, LLC 1401 N Atlantic Ave., Jacksonville, FL

    Listing date Sep 26, 2025

    MLS# 1058133

    Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Exceptional Highway 1 frontage and prime high‑traffic location.
    • Strong income potential with 3 separate units and flexible layouts.
    • Waterfront amenities including a new 450' dock and 16,000‑lb covered boat lift.
    • Fully renovated with high‑end upgrades including LVP flooring, stainless appliances, updated systems, and a medical‑ready suite with lead‑lined X‑ray room.
    • Expansion potential with a 3,000 SF gravel parking area and a 110' x 20' concrete slab ready for future development.
    • Major recent improvements including metal roof (2017), flat roof (2024), HVAC (2023), and updated plumbing.

    Overview

    This fully renovated 4,357 square foot mixed-use commercial property is situated on 0.61 acres. It features highway frontage and income potential. The property is configured as 3 separate units with layouts suitable for retail, office, medical, service, or restaurant use. Upgrades include LVP flooring, stainless appliances, and updated systems. One suite is equipped for medical use with a lead-lined X-ray room. The property includes 15 paved parking spaces, plus a 3,000 square foot gravel parking area, and a 110 foot by 20 foot concrete slab for future expansion. Waterfront amenities include a new 450 foot dock and a 16,000-lb covered boat lift. Major improvements include a metal roof installed in 2017, a flat roof installed in 2024, HVAC installed in 2023, and updated plumbing. The property is located in a high-traffic area near growing residential developments and the Indian River Lagoon. Seller financing is available. The property includes first right of refusal on an adjacent 0.82-acre parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malabar
    County
    Brevard
    State
    Florida
    Longitude
    -80.5779
    Latitude
    27.9647

    FAQs

    What type of property is this?
    Mixed-use property - Fully renovated mixed-use property with highway frontage and income potential.
    Where is this mixed-use property located?
    The property is located at 1280 Highway 1 Malabar, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Exceptional Highway 1 frontage and prime high‑traffic location.; Strong income potential with 3 separate units and flexible layouts.; Waterfront amenities including a new 450' dock and 16,000‑lb covered boat lift.
    (321) 609-0935
    We can help!
    Listing Contact
    Adam Michael Drwiega
    Adam Michael Drwiega
    Real Estate License ID: 3503298
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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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