Renovated Mixed-Use Commercial
New
For Sale
$1,500,000
1280 Highway 1, Malabar, FL 32950
Three-unit commercial building with flexible layouts, medical improvements, parking, and waterfront amenities.
Property Size4,357 SF
Lot Size0.61 Acres
Price / SF$344.27
Days on Market3
Property Features for 1280 Highway 1
General Information
Standard status
Active
Size
4,357 SF
Total Parking Spaces
15
Lot size
0.61 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
dock
covered boat lift
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
(888) 883-8509
Listed By:
Adam Michael Drwiega · License #3503298
(321) 609-0935
Source:
Startbrevardsearch
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 23 at 2:41AM
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 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.
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 = 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
3.95%
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 3.95%
Second Best
Healthcare Medical
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,465 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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 $1,500,000.
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
