Historic Restaurant
For Sale
$1,500,000
5390 Highway 1, Grant Valkaria, FL 32949
COMMERCIAL - Grant-Valkaria, FL
Property Size4,202 SF
Lot Size0.57 Acres
Price / SF$356.97
Days on Market323
Property Features for 5390 Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Parking Lot, Assigned, Off Street
Subdivision
Jorgensons Plat of Grant
Lot features
Corner Lot, Easement Access, Few Trees, Historic Area
Directions
Sits directly on U.S. S. Hwy 1 in Grant-Valkaria, FL A/K/A Rib City, turn west into parking lot from US-1 (across street from Sunoco gas station).
Standard status
Active
APN
29-38-28-25-0000a.0-0017.01
Size
4,202 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6805
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Private
Amenities
private dining room
outdoor areas
office
upstairs deck
stone-pillared porch
Building Details
Year built
1901
Floors in Building
2
Flooring type
Tile, Wood
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Dale Sorensen Real Estate Inc.
(321) 723-9990
Listed By:
Gail Fischer · License #460275
(321) 863-4399
Added: Sep 20, 2025
Changed: Aug 4
Last Checked: Aug 8 at 6:06AM
MLS# 1057983
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 4,202-square-foot restaurant property occupies 0.57 acres and dates to 1901. The building includes a primary dining room, a separate private dining room, bathrooms, office space, outdoor areas, a patio, and an upstairs deck with river views. Tile and wood flooring, central heating, central air, wood siding, and a metal roof are among the existing improvements.
The property is located at 5390 Highway 1 in Grant-Valkaria, across the street from the Indian River. The sale includes the real estate, operating Rib City business, and complete on-site inventory. The building is listed on the National Registry of Historic Places. Water is supplied privately, with septic tank service, and parking includes a lot, assigned spaces, and off-street parking.
The property is located at 5390 Highway 1 in Grant-Valkaria, across the street from the Indian River. The sale includes the real estate, operating Rib City business, and complete on-site inventory. The building is listed on the National Registry of Historic Places. Water is supplied privately, with septic tank service, and parking includes a lot, assigned spaces, and off-street parking.
Key Highlights
- 4,202‑square‑foot restaurant on 0.57 acres
- Operating Rib City business and complete on‑site inventory included
- Listed on the National Registry of Historic Places
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
$55,971
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
3.73%
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%
$1,119,420
$1.1M
Cap Rate 7%
$799,586
$799.6K
Cap Rate 9%
$621,900
$621.9K
Market Conditions
NOI Build-Up for 4,202 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
$80.7K $19.20/SF
− Vacancy
−$6.1K −$1.44/SF
EGI
$74.6K $17.76/SF
− OpEx
−$18.7K −$4.44/SF
NOI
$56.0K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,119,420
Cap Rate 7%
$799,586
Cap Rate 9%
$621,900
Alternative Uses
Best Use
Specialty Retail
$799.6K
$699.6K – $932.9K
NOI $55,971 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$970.0K – $1.29M
NOI $77,603 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Home Improvements & Furnishings 11%
Shell
Shops & Services
4,306 visits/mo
0.1 miles
84 Lumber
Home Improvements & Furnishings
556 visits/mo
0.3 miles
Demographics for 32949, FL
2,538
Population
1,216
Households
2.1
Avg Household Size
56
Median Age
32%
College-Educated
92%
High-School Grad
16.8 sq mi
ZIP Area
151
Density / Sq Mi
$126,146
Median Household Income
$53,173
Median Earnings
$497,200
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating dining venue with private and main dining rooms, outdoor seating areas, and an upstairs deck.
Where is this conventional restaurant located?
The property is located at 5390 Highway 1 Grant Valkaria, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,202‑square‑foot restaurant on 0.57 acres; Operating Rib City business and complete on‑site inventory included; Listed on the National Registry of Historic Places
