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    2814 S Harbor City Boulevard Melbourne, FL 32901

    View on Map
    For Sale
    $499,000

    SINGLE_FAMILY - Melbourne, FL

    Type:Retail
    Property size:
    1,500 SF
    Added:
    Jan 7, 2026
    Days on Market:
    83
    Last Refresh:
    Mar 31 at 4:06 pm

    Property Features for 2814 S Harbor City Boulevard

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    , C-1
    Standard status
    Active
    APN
    28371112K27
    Size
    1,500 SF

    Taxes and HOA fees

    TaxDescription
    RIVERVIEW HEIGHTS SUBD LOTS 7,8,9 E OF RR EX HWY R/W BLK K 2

    Utilities

    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    1
    Flooring type
    Terrazzo
    Building materials
    Block, Concrete

    We can help!

    Listing Contact
    Carolyn E Mac Evoy
    Carolyn E Mac Evoy

    Listing agent Carolyn E Mac Evoy License #3149016

    Listing office Mac Evoy Real Estate Co 2855 Ocean Dr Ste C6, Vero Beach, FL

    Listing date Jan 7, 2026

    MLS# 293855

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

    Overview

    Highway Frontage Retail Opportunity

    This 1500 sq ft CBS building, located on a thriving continuation of US Highway 1/S Harbor City Blvd in Melbourne, FL, presents an amazing opportunity. The property features a newer roof, Terrazzo floors, great lighting, and a vaulted ceiling with wood trim. It boasts nearly 200 feet of highway frontage and ample side and rear parking. Access to the building is available from the highway or the alley/Irwin Street located just behind it. The property is completely fenced, and the back of the building includes a thick concrete pad and CBS wall enclosure, offering expansion possibilities. The building is situated in an up-and-coming Opportunity Zone. The layout includes a large open front room and two offices. The zoning is C-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Septic Tank Cleaning General Contractor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Let's Plant It! — 724 E New Haven Ave, Melbourne, FL 32901
    • Blossom House — 1003 E New Haven Ave, Melbourne, FL 32901
    • Broom's Florist — 2542 S Harbor City Blvd, Melbourne, FL 32901
    • Fleur des Champs — 820 E New Haven Ave #4, Melbourne, FL 32901
    • Julie Miner Events — 905 E New Haven Ave #202, Melbourne, FL 32901

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.5990031
    Latitude
    28.0657893

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    FAQs

    What type of property is this?
    Storefront property - 1500 sq ft CBS building with highway frontage.
    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: 200 ft of Highway Frontage on US Highway 1/S Harbor City Blvd with high traffic count.; Located in an up and coming Opportunity Zone.; 1500 sq ft CBS building with newer roof.
    (772) 925-4791
    We can help!
    Listing Contact
    Carolyn E Mac Evoy
    Carolyn E Mac Evoy
    Real Estate License ID: 3149016
    Learn More
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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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