Building Details

Buildings 1

Tenancy Multi

Listing Agency: EXP Realty, LLC Show Phone

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

Source: Startbrevardsearch

Added: Sep 22 Changed: Oct 3 Last Checked: Oct 7 at 12:04PM

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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

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.

Property Analytics

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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

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

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 - 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