Retail Assemblage on New
For Sale
Contact for pricing
780 W New Haven Ave, Melbourne, FL
Three properties zoned C2 with high visibility and traffic.
Property Size4,673 SF
Lot Size0.20 Acres
Price / SF$208.65
Days on Market1064
Property Features for 780 W New Haven Ave
General Information
Standard status
Active
Size
4,673 SF
Lot size
0.20 Acres
Property subtype
RETAIL
Listing Agency:
JM Real Estate - Melbourne
(321) 749-8921
Listed By:
Shey Anderson
(321) 749-8921
Source:
Moodyscre
Added: Sep 11, 2023
Changed: Aug 8
Last Checked: May 20 at 8:36PM
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 JM Real Estate - Melbourne
Investment Insights
Based on property information with market context.
This offering comprises a three-property assemblage totaling 0.65 acres, featuring a combined building square footage of 4,673 square feet. The properties consist of two buildings and one vacant lot. Zoned C2, the properties accommodate office, retail, financial, and restaurant uses, among others. Situated along West New Haven Avenue, also known as 192, a main Melbourne artery, the location benefits from high traffic counts of 35,301 vehicles daily. The buildings are currently 100% occupied.
Key Highlights
- High‑traffic location on West New Haven (192) with 35,301 vehicles daily.
- Zoned C2, allowing for a wide range of uses including office, retail, financial, and restaurant.
- Three‑property assemblage totaling 0.65 acres with 4,673 SF of building space.
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
$53,875
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
5.53%
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%
$1,077,500
$1.1M
Cap Rate 7%
$769,643
$769.6K
Cap Rate 9%
$598,611
$598.6K
Market Conditions
NOI Build-Up for 4,673 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
$84.1K $18.00/SF
− Vacancy
−$7.1K −$1.53/SF
EGI
$77.0K $16.47/SF
− OpEx
−$23.1K −$4.94/SF
NOI
$53.9K $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%
$1,077,500
Cap Rate 7%
$769,643
Cap Rate 9%
$598,611
Alternative Uses
Best Use
Retail
$769.6K
$673.4K – $897.9K
NOI $53,875 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,301 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
646k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 34%
Dining 32%
Shops & Services 16%
Electronics 9%
DICK'S Sporting Goods
Apparel
66,423 visits/mo
0.4 miles
Best Buy
Electronics
51,665 visits/mo
0.1 miles
Publix
Groceries
50,809 visits/mo
0.3 miles
Dillard's
Apparel
38,632 visits/mo
0.3 miles
JCPenney
Apparel
32,573 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Three properties zoned C2 with high visibility and traffic.
Where is this retail space located?
The property is located at 780 W New Haven Ave Melbourne, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: High‑traffic location on West New Haven (192) with 35,301 vehicles daily.; Zoned C2, allowing for a wide range of uses including office, retail, financial, and restaurant.; Three‑property assemblage totaling 0.65 acres with 4,673 SF of building space.
