Tenant-Occupied Mixed-Use
For Sale
$995,000
2399 US 1, Mims, FL 32754
Metal construction and central air support an existing commercial operation along US 1.
Property Size6,930 SF
Price / SF$143.58
Days on Market204
Property Features for 2399 US 1
General Information
Standard status
Active
Size
6,930 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,553
Amenities
Central Air
3
US Highway, Asphalt.
Building Details
Year Built
1984
Construction
metal
Listing Agency:
MARVIEW INTERNATIONAL REALTY LLC
(888) 309-1588
Listed By:
Steve Kim · License #3203101
Source:
Xome
Added: Feb 5
Changed: Aug 27
Last Checked: Aug 24 at 3:01AM
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 MARVIEW INTERNATIONAL REALTY LLC
Investment Insights
Based on property information with market context.
This tenant-occupied mixed-use property contains 6,930 square feet within a metal building constructed in 1984. Central air is installed, and the existing occupancy provides an established commercial setup.
The property is located at 2399 US 1 in Mims, Florida, with US Highway exposure and an asphalt surface. Its mixed-use classification supports consideration for a range of commercial applications, subject to applicable requirements.
The property is located at 2399 US 1 in Mims, Florida, with US Highway exposure and an asphalt surface. Its mixed-use classification supports consideration for a range of commercial applications, subject to applicable requirements.
Key Highlights
- 6,930 SF mixed‑use commercial property
- Tenant‑occupied building
- Metal construction with central air
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
$80,405
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
8.08%
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%
$1,608,100
$1.6M
Cap Rate 7%
$1,148,643
$1.1M
Cap Rate 9%
$893,389
$893.4K
Market Conditions
NOI Build-Up for 6,930 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
$141.4K $20.40/SF
− Vacancy
−$12.7K −$1.84/SF
EGI
$128.6K $18.56/SF
− OpEx
−$48.2K −$6.96/SF
NOI
$80.4K $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%
$1,608,100
Cap Rate 7%
$1,148,643
Cap Rate 9%
$893,389
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,308 @ 7.0% cap · market cap 9.28%
Second Best
Mixed Use
$1.15M
$1.01M – $1.34M
NOI $80,405 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,983 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Home Improvements & Furnishings 25%
Dining 2%
Tractor Supply Co.
Home Improvements & Furnishings
11,083 visits/mo
0.5 miles
Raceway
Shops & Services
10,907 visits/mo
0.1 miles
Kangaroo Express
Shops & Services
5,546 visits/mo
0.1 miles
Dollar Tree
Shops & Services
5,118 visits/mo
Dollar General
Shops & Services
4,294 visits/mo
0.3 miles
Demographics for 32754, FL
11,996
Population
5,657
Households
2.1
Avg Household Size
50
Median Age
20%
College-Educated
91%
High-School Grad
136.9 sq mi
ZIP Area
88
Density / Sq Mi
$69,960
Median Household Income
$41,758
Median Earnings
$1,004
Median Rent
$260,700
Median Home Value
Market
Vacancy Rate% for Retail 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 - Metal construction and central air support an existing commercial operation along US 1.
Where is this mixed-use property located?
The property is located at 2399 US 1 Mims, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6,930 SF mixed‑use commercial property; Tenant‑occupied building; Metal construction with central air
