Mixed-Use Property with High
2016 Melbourne Ct Melbourne, FL
2016 Melbourne Ct, Melbourne, FL, 00000
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For Sale
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Mixed-use property with commercial and residential units in high-traffic area.
Property Size8,607 SF
Lot Size0.15 Acres
Price / SF$249.68
Days on Market483
Property Features for 2016 Melbourne Ct
General Information
- Standard status
- Active
- Size
- 8,607 SF
- Lot size
- 0.15 Acres
- Property subtype
- OFFICE
Listing Agency
The Ullian Realty Corporation
(321) 750-3439
Listed by
Zachary Ullian · License #3445627
(321) 750-3439
Source
Moodyscre
Added: Mar 24, 2025 Checked: Jul 19 at 4:25 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 The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
This mixed-use property features a total estimated area of 8,607 square feet. The property at 911-919 New Haven comprises an estimated 7,743 square feet and includes two commercial units and two residential units. The first floor contains a 1,548-square-foot ice cream store and a 2,169-square-foot gift shop. The second floor features one three-bedroom, one-bathroom apartment and one three-bedroom, two-bathroom apartment. Additionally, the property at 2016 Melbourne Court includes an estimated 864-square-foot coffee shop. Located on New Haven Avenue, the property benefits from high foot traffic and exposure to an estimated 15,000 vehicles per day. It is zoned C3, allowing for office, retail, short-term rentals, restaurants, and other uses. The estimated pro forma net operating income is $142,200, representing a 6.5% capitalization rate. Additional financial information is available to qualified buyers.
Key Highlights
- High Foot Traffic Area with 15,000 VPD Exposure
- Estimated Proforma NOI $142,200 (6.5% CAP)
- C3 Zoning: Flexible Use (Office, Retail, Short Term Rentals, Restaurants)
Local Financial Insights For Mixed Use
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 | $175.6k | $20.40 |
| − Vacancy | −$15.8k | −$1.84 |
| EGI | $159.8k | $18.56 |
| − OpEx | −$59.9k | −$6.96 |
| NOI | $99.9k | $11.60 |
8,607 SF · lease $20.40/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.43M
$1.25M – $1.66M
NOI $99,863 @ 7.0% cap · market cap 4.65%
Second Best
Retail
$1.42M
$1.24M – $1.65M
NOI $99,230 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,954 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Tea House
(Bike/Boat/Book/etc) Store
New Image Styling ...
Hair Salon
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property with commercial and residential units in high-traffic area.
Where is this mixed-use property located?
The property is located at 2016 Melbourne Ct Melbourne, FL.
What is the asking price?
The asking price for this property is $2,149,000.
What are key features of this property?
This property features: High Foot Traffic Area with **15,000 VPD Exposure**; Estimated Proforma NOI **$142,200 (6.5% CAP)**; C3 Zoning: **Flexible Use** (Office, Retail, Short Term Rentals, Restaurants)
