Building Details

Year Built 1948

Year Renovated 2025

Buildings 1

Units 3

Listing Agency: EXP Realty, LLC a***@exprealty.com Show Phone

Listed By: Adam Drwiega · License #Fl 3503298

Source: Crexi

Added: May 25 Changed: Aug 14 Last Checked: Aug 28 at 10:54PM

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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 = 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

$50,552

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

3.37%

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%

$1,011,040 $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 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

$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 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%

$1,011,040

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 3.37%

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 5.36%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Mixed-use properties

Suggested Use

Top Pick Auto Repair Shop Garden Center Carpet & Flooring Store Kitchen & Bath Showroom Fish Market Gym & Fitness Center

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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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 $1,500,000.

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.