Mixed-Use Commercial Property with
For Sale
$1,500,000
1280 Highway 1, Malabar, FL 32950
COMMERCIAL - Malabar, FL
Property Size4,357 SF
Lot Size0.61 Acres
Price / SF$344.27
Days on Market334
Property Features for 1280 Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Parking Lot, Assigned
Lot features
Cleared
Directions
Heading eastbound on Malabar Rd, take Highway 1 Northbound, Property is the second one on the West side of Highway 1.
Subdivision
342 - Malabar/Grant-Valkaria
Standard status
Active
APN
28-38-31-00-00262.0-0000.00
Size
4,357 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF LOT 2 & PT OF SE 1/4 OF NW 1/4 & PT OF NE 1/4 OF SW 1/4 S OF DB 295 PG 502 & N OF DB 287 PG 539 AS DES IN ORB 3212 PG 779 EXC US HWY 1 R/W PAR 263
Tax Annual Amount
10640
Legal Description
PART OF LOT 2 & PT OF SE 1/4 OF NW 1/4 & PT OF NE 1/4 OF SW 1/4 S OF DB 295 PG 502 & N OF DB 287 PG 539 AS DES IN ORB 3212 PG 779 EXC US HWY 1 R/W PAR 263
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Multi Units, Electric, Ceiling Fan(s)
Water source
Private, Well
Water front features
River Access, Navigable Water, River Front, Seawall
Water front
1
Amenities
dock
boat lift
medical-ready suite
Building Details
Year built
1948
Floors in Building
1
Number of units
3
Flooring type
Tile, Laminate, Vinyl, Wood
Building materials
Concrete, Frame, Stucco
Roof type
Wood, Metal
Listing Agency:
EXP Realty, LLC
(888) 883-8509
Listed By:
Adam Michael Drwiega · License #3503298
(321) 609-0935
Added: Sep 26, 2025
Changed: Aug 14
Last Checked: Aug 25 at 7:06AM
MLS# 1058133
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated mixed-use commercial property offers 4,357 SF on 0.61 acres and is configured as three separate units with flexible layouts. The upgrades include LVP flooring, stainless appliances, and updated systems. A medical-ready suite is included with a lead-lined X-ray room, supporting office and clinical-style uses alongside other flex tenant options such as retail, service, or restaurant use.
The property benefits from exceptional Highway 1 frontage and is served by 15 paved parking spaces plus an additional 3,000 SF gravel parking area. There is also a 110' x 20' concrete slab described as ready for future expansion. Waterfront improvements include a new 450' dock and a 16,000-lb covered boat lift.
From an operator’s perspective, the three-unit configuration allows for a variety of tenant mixes while maintaining separate spaces under one roof. Recent major improvements include a metal roof installed in 2017, a flat roof installed in 2024, HVAC installed in 2023, and updated plumbing. Seller financing is available, and the offering includes first right of refusal on an adjacent 0.82-acre parcel.
The property benefits from exceptional Highway 1 frontage and is served by 15 paved parking spaces plus an additional 3,000 SF gravel parking area. There is also a 110' x 20' concrete slab described as ready for future expansion. Waterfront improvements include a new 450' dock and a 16,000-lb covered boat lift.
From an operator’s perspective, the three-unit configuration allows for a variety of tenant mixes while maintaining separate spaces under one roof. Recent major improvements include a metal roof installed in 2017, a flat roof installed in 2024, HVAC installed in 2023, and updated plumbing. Seller financing is available, and the offering includes first right of refusal on an adjacent 0.82-acre parcel.
Key Highlights
- 4,357 SF mixed‑use commercial property on 0.61 acres with 3 separate units and flexible layouts
- Exceptional Highway 1 frontage plus 15 paved parking spaces and an additional 3,000 SF gravel parking area
- On‑site waterfront amenities include a new 450' dock with a 16,000‑lb covered boat lift, plus navigable river frontage/access
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
98
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated suites along Highway 1 offer tenant-ready flexibility, ample parking, and waterfront dock 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 with 3 separate units and flexible layouts; Exceptional Highway 1 frontage plus 15 paved parking spaces and an additional 3,000 SF gravel parking area; On‑site waterfront amenities include a new 450' dock with a 16,000‑lb covered boat lift, plus navigable river frontage/access
