Retail Storefront with Rear
For Sale
$525,000
10-3830 Highway A1a, Melbourne Beach, FL
Move-in ready showroom includes full glass frontage, private office, two bathrooms, storage room, and double rear doors for loading.
Property Size1,965 SF
Price / SF$267.18
Days on Market105
Property Features for 10-3830 Highway A1a
General Information
Standard status
Active
Size
1,965 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,932
Amenities
private office
two bathrooms
storage/inventory room
double rear doors
illuminated signage
hurricane shutters
full glass frontage
Building Details
Tenancy
Multi
Listing Agency:
One Sotheby's International
(321) 259-2993
Listed By:
The Ellis Group
(321) 480-9703
Source:
Exprealty
Added: Jun 1
Changed: Aug 31
Last Checked: Sep 13 at 1:14PM
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 One Sotheby's International
Investment Insights
Based on property information with market context.
This move-in ready retail showroom is located within Driftwood Plaza and features full tile flooring, upgraded LED lighting, and acoustic-style ceiling tiles. The suite offers full glass frontage with hurricane shutters, along with a private office, two bathrooms, and a dedicated storage/inventory room. Double rear doors provide convenient loading access.
The plaza is anchored by a high-traffic Publix and benefits from surrounding local and beachside consumer traffic. Customer and delivery access is supported by drive-around parking throughout the center, and the property includes illuminated signage on highly traveled A1A for visibility.
The AC was replaced in 2018. The listing notes that showroom inventory is available for purchase separately from the real estate, supporting a turnkey transition for qualified buyers.
The plaza is anchored by a high-traffic Publix and benefits from surrounding local and beachside consumer traffic. Customer and delivery access is supported by drive-around parking throughout the center, and the property includes illuminated signage on highly traveled A1A for visibility.
The AC was replaced in 2018. The listing notes that showroom inventory is available for purchase separately from the real estate, supporting a turnkey transition for qualified buyers.
Key Highlights
- Move‑in ready retail showroom at Driftwood Plaza with full glass frontage and hurricane shutters
- Showroom features full tile flooring, upgraded LED lighting, and acoustic‑style ceiling tiles
- Includes a private office, 2 bathrooms, and a storage/inventory room
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
$22,654
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
4.32%
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%
$453,080
$453.1K
Cap Rate 7%
$323,629
$323.6K
Cap Rate 9%
$251,711
$251.7K
Market Conditions
NOI Build-Up for 1,965 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
$35.4K $18.00/SF
− Vacancy
−$3.0K −$1.53/SF
EGI
$32.4K $16.47/SF
− OpEx
−$9.7K −$4.94/SF
NOI
$22.7K $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 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%
$453,080
Cap Rate 7%
$323,629
Cap Rate 9%
$251,711
Alternative Uses
Best Use
Retail
$323.6K
$283.2K – $377.6K
NOI $22,654 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.4K
$453.6K – $604.8K
NOI $36,290 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
7,874 visits/mo
0.0 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Impressive Home Improvements — 220 Sixth Ave, Melbourne Beach, FL 32951
- Coleman Creations — Melbourne Beach, FL 32951
Frequently Asked Questions
What type of property is this?
Showroom - Move-in ready showroom includes full glass frontage, private office, two bathrooms, storage room, and double rear doors for loading.
Where is this showroom located?
The property is located at 10-3830 Highway A1a Melbourne Beach, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Move‑in ready retail showroom at Driftwood Plaza with full glass frontage and hurricane shutters; Showroom features full tile flooring, upgraded LED lighting, and acoustic‑style ceiling tiles; Includes a private office, 2 bathrooms, and a storage/inventory room
