Highway-Frontage Storefront
For Sale
$499,000
2814 S Harbor City Boulevard, Melbourne, FL 32901
Commercial Sale, Melbourne, FL
Property Size1,400 SF
Lot Size0.50 Acres
Price / SF$356.43
Days on Market238
Property Features for 2814 S Harbor City Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
US Highway 1 northbound -- becomes S. Harbor City Boulevard - building on the left.
Subdivision
6371 - Brevard County (E of IR)
Standard status
Active
APN
28371112k27
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
RIVERVIEW HEIGHTS SUBD LOTS 7,8,9 E OF RR EX HWY R/W BLK K 2
Tax Annual Amount
3190
Legal Description
RIVERVIEW HEIGHTS SUBD LOTS 7,8,9 E OF RR EX HWY R/W BLK K 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
Terrazzo floors
great lighting
vaulted ceiling/wood trim
2 separate office/storage areas
2 baths
completely fenced
thick concrete pad
Building Details
Year built
1955
Floors in Building
1
Number of units
1
Flooring type
Terrazzo
Listing Agency:
Mac Evoy Real Estate Co
(772) 589-0400
Listed By:
Carolyn E Mac Evoy · License #3149016
(772) 925-4791
Added: Jan 8
Changed: Aug 24
Last Checked: Sep 3 at 2:06PM
MLS# R11152547
Copyright © 2026 BeachesMLS. 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 1,400-square-foot storefront building was constructed in 1955 and offers a large open front room, two separate office or storage areas, and a bathroom. Interior features include Terrazzo flooring, vaulted ceilings with wood trim, central heating and central air. The building also has a newer roof, cable availability, public water, and public sewer.
The 0.5-acre property fronts approximately 200 feet along US Highway 1, also identified as S Harbor City Boulevard, with access from the highway and the alley behind the building at Irwin Street. Side and rear parking serve the property, which is fully fenced. A thick concrete pad and CBS wall enclosure occupy the rear portion. The property is zoned Commercial and lies within an Opportunity Zone.
The 0.5-acre property fronts approximately 200 feet along US Highway 1, also identified as S Harbor City Boulevard, with access from the highway and the alley behind the building at Irwin Street. Side and rear parking serve the property, which is fully fenced. A thick concrete pad and CBS wall enclosure occupy the rear portion. The property is zoned Commercial and lies within an Opportunity Zone.
Key Highlights
- 1,400‑square‑foot CBS storefront building constructed in 1955
- Approximately 200 feet of frontage on US Highway 1 / S Harbor City Boulevard
- 0.5‑acre commercial property with side and rear parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,820
$322.8K
Cap Rate 7%
$230,586
$230.6K
Cap Rate 9%
$179,344
$179.3K
Market Conditions
NOI Build-Up for 1,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.2K $18.00/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$23.1K $16.47/SF
− OpEx
−$6.9K −$4.94/SF
NOI
$16.1K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,820
Cap Rate 7%
$230,586
Cap Rate 9%
$179,344
Alternative Uses
Best Use
Retail
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.4K
$323.2K – $430.9K
NOI $25,855 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon
Shops & Services
3,276 visits/mo
0.2 miles
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Broom's Florist — 2542 S Harbor City Blvd, Melbourne, FL 32901
Frequently Asked Questions
What type of property is this?
Storefront property - Commercially zoned property with open retail space, office areas, Terrazzo flooring, and rear parking.
Where is this storefront property located?
The property is located at 2814 S Harbor City Boulevard Melbourne, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,400‑square‑foot CBS storefront building constructed in 1955; Approximately 200 feet of frontage on US Highway 1 / S Harbor City Boulevard; 0.5‑acre commercial property with side and rear parking
