Retail/Commercial Building on Highway
For Sale
$499,000
Pending
2814 S Harbor City Boulevard, Melbourne, FL 32901
1400 sq ft building on half-acre lot with parking.
Property Size1,400 SF
Lot Size0.50 Acres
Days on Market211
Property Features for 2814 S Harbor City Boulevard
General Information
Standard status
Pending
Size
1,400 SF
Lot size
0.50 Acres
Listing Agency:
Mac Evoy Real Estate Co.
(844) 622-3869
Listed By:
Carolyn Mac Evoy · License #3149016
(772) 925-4791
Source:
Startbrevardsearch
Added: Mar 26
Changed: Oct 16
Last Checked: Oct 20 at 8:22PM
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 Mac Evoy Real Estate Co.
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Investment Insights
Based on property information with market context.
This 1400 sq ft concrete block building is zoned for retail or commercial use and features a newer roof. Situated on a half-acre lot with nearly 200 feet of highway frontage and generous parking, the property includes metal fencing around the perimeter. The interior features Terrazzo floors and a soaring wood-trimmed vaulted ceiling. It contains two private office spaces and two bathrooms. The rear yard includes a CBS wall fence. Previously used as a restaurant and auto parts store, the building is currently vacant and ready for business.
Key Highlights
- High‑visibility location with nearly 200 feet of highway frontage.
- Zoned for retail or commercial use, offering versatile business opportunities.
- Generous parking space available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,141
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,820
$322.8K
Cap Rate 7%
$230,586
$230.6K
Cap Rate 9%
$179,344
$179.3K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.2K $18.00/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$23.1K $16.47/SF
− OpEx
−$6.9K −$4.94/SF
NOI
$16.1K $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%
$322,820
Cap Rate 7%
$230,586
Cap Rate 9%
$179,344
Alternative Uses
Best Use
Retail
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.4K
$323.2K – $430.9K
NOI $25,855 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon
Shops & Services
3,276 visits/mo
0.2 miles
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
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 - 1400 sq ft building on half-acre lot with parking.
Where is this retail space located?
The property is located at 2814 S Harbor City Boulevard Melbourne, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: High‑visibility location with nearly 200 feet of highway frontage.; Zoned for retail or commercial use, offering versatile business opportunities.; Generous parking space available.
