Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    304 Highway A1A Satellite Beach, FL 32937

    Sponsored
    For Sale
    Pending
    $885,000

    COMMERCIAL - Satellite Beach, FL

    Property size:
    2,945 SF
    Lot size:
    0.68 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 20 at 8:06 am

    Property Features for 304 Highway A1A

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    26-37-23-00-00767.0-0000.00
    Parking features
    Parking Lot
    Size
    2,945 SF
    Lot size
    0.68 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Block

    We can help!

    Listing Contact
    Jeffrey Porter

    Denovo Realty (321) 237-1887 [email protected]

    Listing agent Jeffrey Karl Porter (321) 237-1887

    Listing date Jan 13, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Land in Satellite Beach

    This commercial property is located in Satellite Beach, Florida, and offers high visibility with over 21,500 vehicles passing daily. The property is zoned BU-1, allowing for a wide range of permitted uses, including retail, professional offices, and hotels and motels. It is situated minutes from Port Canaveral, which generated a $6.1 billion economic impact in 2023, a 57% increase since 2018. The location is surrounded by major aerospace and defense companies, including SpaceX, Blue Origin, Space Force, Lockheed Martin, Boeing, L3Harris, and Northrop Grumman, as well as a growing tourism sector. The property is located in a high-income area with an average household income of $110,000, which is 46% higher than the Brevard County average. The lot size is 0.68 acres. Completed environmental reports are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Satellite Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.596872
    Latitude
    28.203118

    Nearby Similar for Sale

    • $795,000
      2,710 SF

      Coastal Duplex in Satellite Beach

      Well-maintained duplex near the ocean with investment potential.
      527 Jackson Ave, Satellite Beach, FL 32937
      View Details
    • $624,000
      Pending

      Renovated Duplex with Income Potential

      Fully renovated duplex in Satellite Beach with income potential.
      525/527 Wilson Ave, Satellite Beach, FL 32937
      View Details
    • New
      $609,900
      3,040 SF

      Move-in Ready Duplex Near Beaches

      Well-maintained duplex with income potential, near Intracoastal and beaches.
      867 S Patrick Dr, Satellite Beach, FL 32937
      View Details
    • $650,000
      2,220 SF

      Coastal Duplex in Satellite Beach

      Well-maintained duplex near the ocean, ideal for investors or owner-occupants.
      517 Jackson Ave, Satellite Beach, FL 32937
      View Details
    • $1,850,000
      2,393 SF

      Retail Property Near Space Force

      Retail property adjacent to Patrick Space Force Base.
      106 A1A Jimmy Buffett Mem Hwy, Satellite Beach, FL
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial site near Port Canaveral with diverse development potential.
    Where is this commercial land located?
    The property is located at 304 Highway A1A Satellite Beach, FL.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: - Prime BU-1 Zoned property offering flexible usage options.; - High-visibility location with over 21,500 vehicles passing daily.; - Proximity to Port Canaveral, the world's busiest cruise port, generating a $6.1 billion economic impact in 2023.
    (321) 237-1887
    Request Owner's contact information
    304 Highway A1A Satellite Beach, FL 32937
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    304 Highway A1A
    Satellite Beach, FL 32937
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    304 Highway A1A Satellite Beach, FL 32937
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeffrey Porter
    (321) 237-1887
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.