Commercial Land with Four-Unit
For Sale
$399,000
0-3172 Highway 1, Mims, FL 32754
Existing improvements include a four-unit building suited to varied commercial business configurations.
Property Size1,024 SF
Price / SF$389.65
Days on Market281
Property Features for 0-3172 Highway 1
General Information
Standard status
Active
Size
1,024 SF
Taxes and HOA fees
Annual Taxes
$1,557
Listing Agency:
Crescent Moon R.E. & Inv. LLC
(321) 567-4905
Listed By:
Thomas D Miller · License #3132209
(321) 759-4216
Source:
Exprealty
Added: Jan 7
Changed: Oct 9
Last Checked: Oct 15 at 5:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crescent Moon R.E. & Inv. LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land property includes a current building divided into four units. The existing configuration is described for possible use by a used car lot, retail businesses, offices, professional services, or a laundromat.
The property is addressed on Highway 1 in MIMS, Florida, with RV parks and residential homes located nearby. The remarks also identify redevelopment concepts such as a gas station or restaurant, in addition to continued use of the existing building.
The property is addressed on Highway 1 in MIMS, Florida, with RV parks and residential homes located nearby. The remarks also identify redevelopment concepts such as a gas station or restaurant, in addition to continued use of the existing building.
Key Highlights
- Current building contains 4 units
- Highway 1 address in MIMS, FL 32754
- Nearby RV parks and residential homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,806
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,120
$236.1K
Cap Rate 7%
$168,657
$168.7K
Cap Rate 9%
$131,178
$131.2K
Market Conditions
NOI Build-Up for 1,024 SF
Gross rent
$18.4K $18.00/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$16.9K $16.47/SF
− OpEx
−$5.1K −$4.94/SF
NOI
$11.8K $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 Rate 5%
$236,120
Cap Rate 7%
$168,657
Cap Rate 9%
$131,178
Alternative Uses
Best Use
Retail
$168.7K
$147.6K – $196.8K
NOI $11,806 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Dining 2%
Raceway
Shops & Services
10,907 visits/mo
0.2 miles
Kangaroo Express
Shops & Services
5,546 visits/mo
0.3 miles
Dollar Tree
Shops & Services
5,118 visits/mo
0.2 miles
Dollar General
Shops & Services
4,294 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,354 visits/mo
0.4 miles
Demographics for 32754, FL
11,996
Population
5,657
Households
2.1
Avg Household Size
50
Median Age
20%
College-Educated
91%
High-School Grad
136.9 sq mi
ZIP Area
88
Density / Sq Mi
$69,960
Median Household Income
$41,758
Median Earnings
$1,004
Median Rent
$260,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Existing improvements include a four-unit building suited to varied commercial business configurations.
Where is this commercial land located?
The property is located at 0-3172 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: Current building contains 4 units; Highway 1 address in MIMS, FL 32754; Nearby RV parks and residential homes
