Building Details

Year Built 1948

Year Renovated 2025

Buildings 1

Units 3

Listing Agency: EXP Realty, LLC

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

Source: Crexi

Added: May 25 Changed: Oct 5 Last Checked: Oct 14 at 7:45PM

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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

Investment Insights

Based on property information with market context.

This fully renovated 4,357 square foot mixed-use commercial property is situated on 0.61 acres. It features exceptional frontage on Highway 1 and strong income potential. The property is comprised of 3 separate units with flexible layouts suitable for retail, office, medical, service, or restaurant use. High-end upgrades include LVP flooring, stainless appliances, and updated systems. One suite is medical-ready and includes a lead-lined X-ray room. The property provides 15 paved parking spaces, plus a 3,000 square foot gravel parking area, and a 110 foot by 20 foot concrete slab ready for future expansion. Waterfront amenities include a new 450 foot dock and a 16,000-lb covered boat lift. Major improvements include a metal roof installed in 2017, a flat roof installed in 2024, HVAC installed in 2023, and updated plumbing. The property is located in a prime high-traffic area near growing residential developments and the Indian River Lagoon. Seller financing is available. The sale includes first right of refusal on the adjacent 0.82-acre parcel.

Key Highlights

• Fully renovated 4,357 SF mixed‑use commercial property with exceptional Highway 1 frontage and strong income potential.
• Waterfront property featuring a new 450' dock and 16,000‑lb covered boat lift.
• Three separate units with flexible layouts suitable for retail, office, medical, service, or restaurant use, including a medical‑ready suite with lead‑lined X‑ray room.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,552

Cap Rate

4.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,011,040 $1.0M

Cap Rate 7%

$722,171 $722.2K

Cap Rate 9%

$561,689 $561.7K

Market Conditions

NOI Build-Up for 4,357 SF

Gross rent

$88.9K $20.40/SF

− Vacancy

−$8.0K −$1.84/SF

EGI

$80.9K $18.56/SF

− OpEx

−$30.3K −$6.96/SF

NOI

$50.6K $11.60/SF

Area

Brevard County, FL

Vacancy

9.00%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,011,040

Cap Rate 7%

$722,171

Cap Rate 9%

$561,689

Alternative Uses

Best Use

Mixed Use

$722.2K

$631.9K – $842.5K (±1% cap)

NOI $50,552 @ 7.0% cap · market cap 4.04%

Second Best

—

—

no second resolved use

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

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Current Use

Mixed-use properties

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.

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

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Fully renovated mixed-use property with highway frontage and waterfront amenities.

Where is this mixed-use property located?

The property is located at 1280 U.S 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: Fully renovated 4,357 SF mixed‑use commercial property with exceptional Highway 1 frontage and strong income potential.; Waterfront property featuring a new 450' dock and 16,000‑lb covered boat lift.; Three separate units with flexible layouts suitable for retail, office, medical, service, or restaurant use, including a medical‑ready suite with lead‑lined X‑ray room.