Renovated Three-Unit Mixed-Use
For Sale
$1,600,000
1280 Highway 1, Malabar, FL 32950
Flexible commercial configuration with medical-ready improvements, paved parking, and waterfront amenities.
Property Size4,357 SF
Lot Size0.61 Acres
Price / SF$367.23
Days on Market342
Property Features for 1280 Highway 1
General Information
Standard status
Active
Size
4,357 SF
Total Parking Spaces
13
Lot size
0.61 Acres
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,640
Amenities
waterfront access
dock
boat lift
concrete slab for expansion
Electric, Ceiling Fan(s)
3
Tile, Vinyl, Laminate, Wood
Metal
Parking. Waterfront.
Assigned Parking Space, Lot.
Clear lot.
Building Details
Year Built
1948
Year Renovated
2025
Buildings
1
Building Size
4,357 SF
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
(321) 609-0935
Listed By:
Adam Drwiega · License #3503298
(321) 609-0935
Source:
Xome
Added: Sep 22, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:02PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 4,357 square feet across three units on 0.61 acres. The flexible layout supports retail, office, medical, service, and restaurant applications, including a medical-ready suite with a lead-lined X-ray room. The property underwent a full renovation in 2025 and includes updated systems, tile, vinyl, laminate, and wood finishes. HVAC systems date to 2023 and 2017, while cast iron plumbing has been replaced.
The site includes 113 feet of frontage along US Highway 1 in Malabar, Florida, with 13 paved parking spaces and additional gravel parking. Waterfront amenities include indirect access, a 450-foot dock, and a 16,000-pound boat lift. A 110-foot by 20-foot concrete slab provides an existing expansion area, subject to buyer verification. The property also includes a 7.38% projected cap rate at 100% occupancy.
The site includes 113 feet of frontage along US Highway 1 in Malabar, Florida, with 13 paved parking spaces and additional gravel parking. Waterfront amenities include indirect access, a 450-foot dock, and a 16,000-pound boat lift. A 110-foot by 20-foot concrete slab provides an existing expansion area, subject to buyer verification. The property also includes a 7.38% projected cap rate at 100% occupancy.
Key Highlights
- 4,357 SF three‑unit commercial property on 0.61 acres
- 113' of frontage along US Highway 1 in Malabar
- Medical‑ready unit with lead‑lined X‑ray room
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
$59,290
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
3.71%
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%
$1,185,800
$1.2M
Cap Rate 7%
$847,000
$847.0K
Cap Rate 9%
$658,778
$658.8K
Market Conditions
NOI Build-Up for 4,357 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
$94.1K $21.60/SF
− Vacancy
−$15.1K −$3.46/SF
EGI
$79.1K $18.14/SF
− OpEx
−$19.8K −$4.54/SF
NOI
$59.3K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,185,800
Cap Rate 7%
$847,000
Cap Rate 9%
$658,778
Alternative Uses
Best Use
Office B
$847.0K
$741.1K – $988.2K
NOI $59,290 @ 7.0% cap · market cap 3.71%
Second Best
Healthcare Medical
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,465 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 32950, FL
4,545
Population
2,002
Households
2.3
Avg Household Size
54
Median Age
33%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
244
Density / Sq Mi
$122,905
Median Household Income
$46,103
Median Earnings
$1,813
Median Rent
$443,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial configuration with medical-ready improvements, paved parking, and waterfront amenities.
Where is this mixed-use property located?
The property is located at 1280 Highway 1 Malabar, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,357 SF three‑unit commercial property on 0.61 acres; 113' of frontage along US Highway 1 in Malabar; Medical‑ready unit with lead‑lined X‑ray room
