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    Retail Assemblage on New Haven Title is generated by Realmo AI

    780 W New Haven Ave, Melbourne, FL

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    Three properties zoned C2 with high visibility and traffic.

    Type:RETAIL
    Property size:
    4,673 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $208/SF
    Added:
    Sep 11, 2023
    Days on Market:
    1012
    Last Refresh:
    May 20 at 8:36 pm

    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

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    Listing Contact
    Shey Anderson

    Listing agent Shey Anderson

    Listing office JM Real Estate - Melbourne

    Listing date Sep 11, 2023

    Source Moodyscre

    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

    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.
    • 100% occupied buildings providing immediate income.
    • Ample parking available.
    • Includes two buildings and one vacant lot.

    Overview

    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.

    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 $84.1k $18.00
    − Vacancy −$7.1k −$1.53
    EGI $77.0k $16.47
    − OpEx −$23.1k −$4.94
    NOI $53.9k $11.53
    4,673 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $769.6K
    $673.4K – $897.9K (±1% cap)
    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 (±1% cap)
    NOI $86,301 @ 7.0% cap · market cap 8.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Creative Energy (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6341
    Latitude
    28.079

    FAQs

    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.
    (321) 749-8921 Call to check price and availability
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