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    2016 Melbourne Ct Melbourne, FL 32901

    For Sale
    $2,149,000

    Mixed-use property with commercial and residential units in high-traffic area.

    Property size:
    8,607 SF
    Lot size:
    0.15 Acres

    Property Features for 2016 Melbourne Ct

    General Information

    Size
    8,607 SF
    Lot size
    0.15 Acres

    Source: The Ullian Realty Corporation Agent Zachary Ullian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with High Exposure

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Tea House Tea Store New Image Styling ... Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6055102
    Latitude
    28.0781112

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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)
    (321) 750-3439
    Request Owner's contact information
    2016 Melbourne Ct Melbourne, FL 32901
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    2016 Melbourne Ct
    Melbourne, FL 32901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2016 Melbourne Ct Melbourne, FL 32901
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