Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Land in Growing Mims Title is generated by Realmo AI

    2561 Highway 1, Mims, FL 32754

    View on Map
    Claim this Listing
    For Sale
    $339,500

    COMMERCIAL - Mims, FL

    Lot size:
    1.94 Acres
    Added:
    Jul 25, 2019
    Days on Market:
    2484
    Last Refresh:
    May 12 at 10:06 am

    Property Features for 2561 Highway 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    21-35-17-00-00301.0-0000.00
    Lot size
    1.94 Acres

    Taxes and HOA fees

    Tax Year
    2018
    Tax Description
    PART OF NW 1/4 AS DES IN DB 56 PG 175 EX LAND AS DES IN DB 335 PG 555,328 PG 502 & RD R/W
    Tax Annual Amount
    1433

    We can help!

    Listing Contact
    Chad P Conner
    Chad P Conner

    Listing agent Chad P Conner

    Listing office Flag Agency Inc. 840 Garden St., FL

    Listing date Jul 25, 2019

    MLS# 851573 Listing URL

    Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime development opportunity in growing Mims area.
    • High percentage of homeowners (81%) in the surrounding area (Mims and N. Titusville).
    • Close proximity to I‑95 and one block from the Rails to Trails.
    • Located across the street from Mims Elementary.
    • Recent commercial development in the area including RaceTrac, Dollar General, and Tractor Supply.
    • County water & sewer may be available.

    Overview

    This 1.94-acre commercial land is located in Mims, Florida, an area experiencing growth and a need for more services. The property is situated close to I-95 and one block from the Rails to Trails. It is located near Mims Elementary. The site is approximately 5 minutes from the nearest grocery store and 11 minutes from the closest car wash. The surrounding area, including North Titusville, has a population of approximately 32,000 residents, with an average of 81% being homeowners. Recent developments in the area include RaceTrac, Dollar General, Tractor Supply, Family Dollar, True Value, and North Brevard RV Sales & Service. According to utility maps, county water and sewer services may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mims
    County
    Brevard
    State
    Florida
    Longitude
    -80.845143
    Latitude
    28.668399

    Nearby Similar for Sale

    • $399,000
      1,024 SF

      Mims Commercial Property For Sale

      Commercial property in Mims, Florida suitable for various businesses.
      3172 Highway 1, Mims, FL 32754
      View Details
    • $345,000
      3,840 SF

      Mims Commercial Property on 1.5 Acres

      5,000 sq ft building on 1.5 acres in Mims, FL.
      2617 Bethune Avenue, Mims, FL 32754
      View Details
    • $499,000

      Prime Commercial Land on US 1

      3.93 acres on US 1 and Aurantia Rd, Mims, FL
      N Us Hwy 1, Mims, FL 32754
      View Details
    • $1,200,000

      30-Acre Horse Property in Mims

      Spacious horse property with pastures, stall barn, and multiple wells.
      Grantline Road, Mims, FL 32754
      View Details
    • $1,500,000

      MIMS, FL Land Opportunity

      Commercial land available in a fast-growing area with US 1 access.
      3500 US HIGHWAY 1, MIMS, FL 32754
      View Details
    • $177,000

      Mims Land: Peaceful Country Living

      2.5 acres of land in a quiet, country setting.
      6215 Dixie Way, Mims, FL 32754
      View Details
    • $19,500

      Land For Sale, Mims, FL

      Commercial land available in Mims, Florida.
      Golden Shores Blvd, Mims, FL
      View Details
    • $199,000

      Expansive Land in Mims, Florida

      9+ acre property offers privacy, beauty, and rural charm.
      Flounder Creek Road, Mims, FL 32754
      View Details
    • $75,000

      MIMS, FL 2.26-Acre Land

      2.26-acre property near I-95, beaches, and Titusville conveniences.
      4545 BURKHOLM ROAD, MIMS, FL 32754
      View Details
    • $22,500

      Mims, FL Recreational Land

      One acre of land suitable for recreational use.
      Wild Turkey Road, Mims, FL 32754
      View Details
    • $995,000

      Mims, FL Development Opportunity

      52.39 acre land with development potential in Mims, FL.
      Wood Duck Drive, Mims, FL 32754
      View Details
    • $77,000

      MIMS, FL - 1.58 Acres

      Pristine 1.58-acre parcel in Mims, ready for your dream home.
      4300 BURKHOLM ROAD, MIMS, FL 32754
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development opportunity near I-95, close to amenities and residential areas.
    Where is this commercial land located?
    The property is located at 2561 Highway 1 Mims, FL.
    What is the asking price?
    The asking price for this property is $339,500.
    What are key features of this property?
    This property features: Prime development opportunity in growing Mims area.; High percentage of homeowners (81%) in the surrounding area (Mims and N. Titusville).; Close proximity to I‑95 and one block from the Rails to Trails.
    (321) 267-3600
    We can help!
    Listing Contact
    Chad P Conner
    Chad P Conner
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2561 Highway 1, Mims, FL 32754
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!