Mims Commercial Property For
3172 Highway 1 Mims, FL 32754
3172 Highway 1, Mims, FL, 32754
$399,000
For Sale
$399,000
COMMERCIAL - Mims, FL
Property Size1,024 SF
Lot Size1.16 Acres
Price / SF$389.65
Days on Market191
Property Features for 3172 Highway 1
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1
- Parking features
- RV
- Standard status
- Active
- APN
- 21-35-07-00-00011.0-0000.00
- Size
- 1,024 SF
- Lot size
- 1.16 Acres
Taxes and HOA fees
- Tax Year
- 2015
- Tax Description
- PART OF W 1/2 OF NE 1/4 AS DESC IN DB 331 PG 488 EXC ORB 3861 PG 1223 PAR 90
- Tax Annual Amount
- 1558
Utilities
- Sewer type
- Public Sewer, Septic Tank
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Carpet
- Building materials
- Block
- Roof type
- Wood
Listing Agency
Crescent Moon R.E. & Inv. LLC
(321) 567-4905
7555 S US Hwy 1, Titusville, FL
Listed by
Thomas D Miller · License #3132209
(321) 759-4216
Added: Jan 7 Checked: Jul 17 at 2:06 am
MLS# 1065733
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 commercial real estate in Mims, Florida, features a building with 4 units, suitable for multiple businesses. Current potential uses include a used car lot, retail space, office, or professional services. It could also function as a laundromat. Redevelopment possibilities include a gas station or restaurant. The property has a size of 1024 square feet and is situated on a 1.16-acre lot.
Key Highlights
- Prime commercial location suitable for various businesses
- Existing building with 4 units currently in use
- Redevelopment potential for gas station, restaurant, etc.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.1k | $21.60 |
| − Vacancy | −$3.5k | −$3.46 |
| EGI | $18.6k | $18.14 |
| − OpEx | −$4.6k | −$4.54 |
| NOI | $13.9k | $13.61 |
1,024 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$199.1K
$174.2K – $232.3K
NOI $13,935 @ 7.0% cap · market cap 3.49%
Second Best
Specialty Retail
$194.9K
$170.5K – $227.3K
NOI $13,640 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$270.2K
$236.4K – $315.2K
NOI $18,911 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Commercial property in Mims, Florida suitable for various businesses.
Where is this retail property located?
The property is located at 3172 Highway 1 Mims, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime commercial location suitable for various businesses; Existing building with 4 units currently in use; Redevelopment potential for gas station, restaurant, etc.
