Renovated Mixed-Use
For Sale
$1,250,000
1280 Highway 1, Malabar, FL 32950
Commercial Sale, Malabar, FL
Property Size4,357 SF
Lot Size0.61 Acres
Price / SF$286.89
Days on Market379
Property Features for 1280 Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Assigned, Parking Lot
Lot features
Cleared
Directions
Heading eastbound on Malabar Rd, take Highway 1 Northbound, Property is the second one on the West side of Highway 1.
Subdivision
342 - Malabar/Grant-Valkaria
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
Legal 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
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Multi Units, Ceiling Fan(s), Central Air, Electric
Water source
Private, Well
Water front features
Seawall, Navigable Water, River Access, River Front
Water front
1
Amenities
450' dock
16,000-lb covered boat lift
110' x 20' concrete slab
Building Details
Year built
1948
Floors in Building
1
Number of units
3
Flooring type
Tile, Vinyl, Wood, Laminate
Building materials
Concrete, Frame, Stucco
Roof type
Wood, Metal
Listing Agency:
EXP Realty, LLC
(888) 883-8509
Listed By:
Adam Michael Drwiega · License #3503298
(321) 609-0935
Added: Sep 26, 2025
Changed: Oct 8
Last Checked: Oct 9 at 3:06PM
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.
Investment Insights
Based on property information with market context.
This 4,357-square-foot mixed-use commercial property sits on 0.61 acres and contains three separate units with adaptable layouts. The building has undergone extensive renovation, including LVP flooring, stainless appliances, updated plumbing, a 2023 HVAC system, a 2017 metal roof, and a 2024 flat roof. One suite includes a lead-lined X-ray room for medical use. Construction includes concrete, frame, and stucco elements, with central electric heating and cooling.
The property fronts Highway 1 in Malabar and includes 15 paved parking spaces, a 3,000-square-foot gravel parking area, and a 110' x 20' concrete slab prepared for future expansion. Waterfront improvements include a new 450' dock, seawall, river access, navigable water, and a covered 16,000-lb boat lift. Water service is provided by a private well, with septic infrastructure on site.
The property fronts Highway 1 in Malabar and includes 15 paved parking spaces, a 3,000-square-foot gravel parking area, and a 110' x 20' concrete slab prepared for future expansion. Waterfront improvements include a new 450' dock, seawall, river access, navigable water, and a covered 16,000-lb boat lift. Water service is provided by a private well, with septic infrastructure on site.
Key Highlights
- 4,357 SF mixed‑use property on 0.61 acres
- Three separate commercial units with flexible layouts
- Lead‑lined X‑ray room within a medical‑ready suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,290
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,800
$1.2M
Cap Rate 7%
$847,000
$847.0K
Cap Rate 9%
$658,778
$658.8K
Market Conditions
NOI Build-Up for 4,357 SF
Gross rent
$94.1K $21.60/SF
− Vacancy
−$15.1K −$3.46/SF
EGI
$79.1K $18.14/SF
− OpEx
−$19.8K −$4.54/SF
NOI
$59.3K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,800
Cap Rate 7%
$847,000
Cap Rate 9%
$658,778
Alternative Uses
Best Use
Office B
$847.0K
$741.1K – $988.2K
NOI $59,290 @ 7.0% cap · market cap 4.74%
Second Best
Healthcare Medical
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,465 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 32950, FL
4,545
Population
2,002
Households
2.3
Avg Household Size
54
Median Age
33%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
244
Density / Sq Mi
$122,905
Median Household Income
$46,103
Median Earnings
$1,813
Median Rent
$443,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three distinct commercial suites offer flexible layouts for retail, office, medical, service, or restaurant operations.
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 $1,250,000.
What are key features of this property?
This property features: 4,357 SF mixed‑use property on 0.61 acres; Three separate commercial units with flexible layouts; Lead‑lined X‑ray room within a medical‑ready suite
