1280 Highway 1, Malabar, FL 32950

Building Details

Buildings 1 More

Tenancy Multi More

Listing Agency: EXP Realty, LLC Show Phone

Listed By: Adam Michael Drwiega · License #3503298 Show Phone

Source: Startbrevardsearch

Added: Sep 22 Changed: Nov 4 Last Checked: Nov 8 at 5:55AM

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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

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Investment Insights

Based on property information with market context.

This fully renovated mixed-use property contains 4,357 SF across 3 separate units on 0.61 acres. The layouts support retail, office, medical, service, or restaurant use, with LVP flooring, stainless appliances, updated plumbing, and updated building systems. One suite includes a lead-lined X-ray room for medical occupancy. Roofing improvements include a metal roof installed in 2017 and a flat roof completed in 2024, while HVAC was updated in 2023.

The property fronts Highway 1 in Malabar near residential development and the Indian River Lagoon. Parking includes 15 paved spaces, a 3,000 SF gravel area, and a 110' x 20' concrete slab. Waterfront improvements include a new 450' dock and a 16,000-lb covered boat lift.

Key Highlights

• 4,357 SF mixed‑use commercial property on 0.61 acres
• 3 separate units with flexible retail, office, medical, service, or restaurant layouts
• Lead‑lined X‑ray room within a medical‑ready suite

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,290

Cap Rate

4.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,185,800 $1.2M

Cap Rate 7%

$847,000 $847.0K

Cap Rate 9%

$658,778 $658.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,357 SF

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 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 (±1% cap)

NOI $59,290 @ 7.0% cap · market cap 4.74%

Second Best

Healthcare Medical

$783.4K

$685.4K – $913.9K (±1% cap)

NOI $54,835 @ 7.0% cap · market cap 4.39%

Theoretical Best

Office A

$1.15M

$1.01M – $1.34M (±1% cap)

NOI $80,465 @ 7.0% cap · market cap 6.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Building Supply Grocery & Convenience Store Cafe & Coffee Shop Big Box & Wholesale Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Average Price Trend$/SF for Mixed-use properties in Brevard County, FL

$438 Jul

$505 Aug

$425 Sep

$349 Oct

Properties on Market for Mixed-use properties in Brevard County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Three-unit commercial building with flexible layouts, medical improvements, 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 $1,250,000.

What are key features of this property?

This property features: 4,357 SF mixed‑use commercial property on 0.61 acres; 3 separate units with flexible retail, office, medical, service, or restaurant layouts; Lead‑lined X‑ray room within a medical‑ready suite