Two-Unit Retail
For Sale
Contact for pricing
1780 Croton Road #1788, Melbourne, FL 32935
A two-suite configuration includes space currently offered for lease at the Croton Road corner.
Property Size3,623 SF
Price / SF$0.46
Days on Market78
Property Features for 1780 Croton Road #1788
General Information
Standard status
Active
Size
3,623 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1962
Buildings
1
Tenancy
Multi
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Aug 14
Changed: Oct 30
Last Checked: Oct 29 at 2:49PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This retail property contains two units totaling 3,623 square feet. Unit 1780 measures approximately 2,783 square feet, while Unit 1788 is approximately 840 square feet and is available for lease. The building dates to 1962, and CAM charges are included in the rent for the available unit.
The property occupies the corner of Croton Road and Aurora Road, at an intersection described as high-traffic. US-1 and I-95 provide access to the area, with Melbourne International Airport and the beachside area also cited as accessible destinations. Nearby businesses include established long-term operators.
The property occupies the corner of Croton Road and Aurora Road, at an intersection described as high-traffic. US-1 and I-95 provide access to the area, with Melbourne International Airport and the beachside area also cited as accessible destinations. Nearby businesses include established long-term operators.
Key Highlights
- Two retail units totaling 3,623 square feet
- Unit 1780 is approximately 2,783 square feet
- Unit 1788 is approximately 840 square feet and available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,770
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,400
$835.4K
Cap Rate 7%
$596,714
$596.7K
Cap Rate 9%
$464,111
$464.1K
Market Conditions
NOI Build-Up for 3,623 SF
Gross rent
$65.2K $18.00/SF
− Vacancy
−$5.5K −$1.53/SF
EGI
$59.7K $16.47/SF
− OpEx
−$17.9K −$4.94/SF
NOI
$41.8K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,400
Cap Rate 7%
$596,714
Cap Rate 9%
$464,111
Alternative Uses
Best Use
Retail
$596.7K
$522.1K – $696.2K
NOI $41,770 @ 7.0% cap · market cap 2,531.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$955.9K
$836.4K – $1.12M
NOI $66,910 @ 7.0% cap · market cap 4,055.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
7-Eleven
Shops & Services
9,026 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,787 visits/mo
0.5 miles
Domino's Pizza
Dining
2,299 visits/mo
0.5 miles
Demographics for 32935, FL
41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A two-suite configuration includes space currently offered for lease at the Croton Road corner.
Where is this retail space located?
The property is located at 1780 Croton Road #1788 Melbourne, FL.
What are key features of this property?
This property features: Two retail units totaling 3,623 square feet; Unit 1780 is approximately 2,783 square feet; Unit 1788 is approximately 840 square feet and available for lease
