Melbourne Retail Investment
3555 W New Haven Ave Melbourne, FL
3555 W New Haven Ave, Melbourne, FL, 00000
Contact for pricing
For Sale
Contact for pricing
Retail property in a dynamic growth market with long-term lease.
Property Size25,531 SF
Lot Size3.43 Acres
Price / SF$223.24
Days on Market531
Property Features for 3555 W New Haven Ave
General Information
- Standard status
- Active
- Size
- 25,531 SF
- Lot size
- 3.43 Acres
- Property subtype
- RETAIL
Listing Agency
Colliers | Fort Lauderdale
(561) 602-8390
Listed by
Christopher Twist
(561) 602-8390
Source
Moodyscre
Added: Feb 4, 2025 Updated: Jul 6 at 10:14 am Checked: Jul 20 at 3:56 am
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 Colliers | Fort Lauderdale
Investment Insights
Based on property information with market context.
This property presents an investment opportunity located at 3555 W. New Haven Avenue in Melbourne, Florida. The property includes a 25,531 square foot retail building on a 3.43-acre lot. The property is leased to Northern Tool + Equipment on a long-term lease with minimal landlord responsibilities and scheduled rental increases. Situated along Highway 192, a retail corridor, the property benefits from national co-tenancy and proximity to the Space Coast Town Centre development, a 170-acre mixed-use community. Melbourne, Florida, is experiencing economic growth, driven by aerospace and technology employers such as SpaceX, Lockheed Martin, and Blue Origin. The property offers a combination of location, strong tenancy, and future income growth in a rapidly expanding market. Recent capital improvements have been made to the property. The lease structure is strong.
Key Highlights
- Long‑term lease to Northern Tool + Equipment provides stable income.
- Located in a high‑growth area of Melbourne, Florida, driven by aerospace and technology industries.
- Prime location on Highway 192, a busy retail corridor.
Local Financial Insights For Retail
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 | $459.6k | $18.00 |
| − Vacancy | −$39.1k | −$1.53 |
| EGI | $420.5k | $16.47 |
| − OpEx | −$126.1k | −$4.94 |
| NOI | $294.3k | $11.53 |
25,531 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.20M
$3.68M – $4.91M
NOI $294,347 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.74M
$5.89M – $7.86M
NOI $471,507 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Northern Tool + Equipment
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail property in a dynamic growth market with long-term lease.
Where is this retail space located?
The property is located at 3555 W New Haven Ave Melbourne, FL.
What is the asking price?
The asking price for this property is $5,699,485.
What are key features of this property?
This property features: Long‑term lease to Northern Tool + Equipment provides stable income.; Located in a high‑growth area of Melbourne, Florida, driven by aerospace and technology industries.; Prime location on Highway 192, a busy retail corridor.
