Open-Plan Retail
For Sale
Contact for pricing
1012 Brothers Avenue 101, Melbourne, FL 32901
C-3 commercial space with an open interior and professionally stuccoed exterior.
Property Size1,400 SF
Price / SF$0.71
Days on Market88
Property Features for 1012 Brothers Avenue 101
General Information
Standard status
Active
Size
1,400 SF
Zoning
C-3
Listing Agency:
North America Realty Group
Listed By:
Thomas Owens
(321) 507-7273
Source:
Startbrevardsearch
Added: Jul 24
Changed: Oct 15
Last Checked: Oct 16 at 8:52AM
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 North America Realty Group
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Investment Insights
Based on property information with market context.
This 1,400-square-foot retail space offers a fully open interior that can be configured for a range of approved commercial uses. The property was previously occupied by a retail store and laundromat, while the exterior features professional stucco work for a refreshed appearance. The C-3 zoning supports the property’s commercial positioning.
Located at 1012 Brothers Avenue, Suite 101, in Melbourne, the space is within Downtown Melbourne’s Historic District and surrounded by an established residential community. The listed potential uses include retail, boutique sales, daycare, office, salon, fitness, professional services, and specialty businesses.
Located at 1012 Brothers Avenue, Suite 101, in Melbourne, the space is within Downtown Melbourne’s Historic District and surrounded by an established residential community. The listed potential uses include retail, boutique sales, daycare, office, salon, fitness, professional services, and specialty businesses.
Key Highlights
- 1,400 SF retail space with a fully open interior
- C‑3 zoning for approved commercial uses
- Previously occupied by a retail store and laundromat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,141
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,820
$322.8K
Cap Rate 7%
$230,586
$230.6K
Cap Rate 9%
$179,344
$179.3K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.2K $18.00/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$23.1K $16.47/SF
− OpEx
−$6.9K −$4.94/SF
NOI
$16.1K $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%
$322,820
Cap Rate 7%
$230,586
Cap Rate 9%
$179,344
Alternative Uses
Best Use
Retail
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 1,614.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.4K
$323.2K – $430.9K
NOI $25,855 @ 7.0% cap · market cap 2,585.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,500
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Chart House
Dining
8,441 visits/mo
0.4 miles
Whit's Frozen Custard
Dining
1,305 visits/mo
0.5 miles
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - C-3 commercial space with an open interior and professionally stuccoed exterior.
Where is this retail space located?
The property is located at 1012 Brothers Avenue 101 Melbourne, FL.
What are key features of this property?
This property features: 1,400 SF retail space with a fully open interior; C‑3 zoning for approved commercial uses; Previously occupied by a retail store and laundromat
