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    Freestanding Retail with Fenced Yard Title is generated by Realmo AI

    2815 S Harbor City Boulevard, Melbourne, FL 32901

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    Claim this Listing
    For Sale
    $950,000

    COMMERCIAL - Melbourne, FL

    Type:Retail
    Property size:
    2,104 SF
    Lot size:
    1.05 Acres
    Price / SF:
    $451/SF
    Added:
    Jul 16, 2024
    Days on Market:
    689
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 2815 S Harbor City Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    Garage, Covered, Off Street, Secured, Parking Lot, Gated
    Security features
    Security System
    Fencing
    Chain Link, Fenced
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    28-37-11-09-00001.0-0001.00
    Size
    2,104 SF
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    RIVERVIEW ESTATES LOTS 1 TO 9 EX R R/W BLK 1
    Tax Annual Amount
    4912

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Concrete
    Building materials
    Block, Frame, Stucco
    Roof type
    Membrane, Wood

    We can help!

    Listing Contact
    Steven A Scheller
    Steven A Scheller

    Listing agent Steven A Scheller License #657900

    Listing office RE/MAX Aerospace Realty 7925 N Wickham Rd. #B, Rockledge, FL

    Listing date Jul 16, 2024

    MLS# 1019691

    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

    • 1.05‑acre parcel with 98% fully fenced lot and four access gates
    • Currently C‑2 zoning; freestanding pylon sign with high visibility
    • Large covered awning over both front entrances
    • Parking includes garage, covered/off‑street, parking lot, secured and gated access
    • Public utilities: public water and public sewer available
    • Built in 1955 with block/frame stucco construction; central electric HVAC and central air

    Overview

    This freestanding retail property sits on a 1.05-acre parcel with a largely fenced yard (reported as 98%) and four access gates. The site includes paved areas with both concrete and asphalt improvements, providing functional on-site vehicle handling. The building features a large covered awning along the front and covers both front entrances, supporting customer access and protection from the elements. A freestanding pylon sign is also on-site for exterior visibility.

    The property is located at 2815 S Harbor City Boulevard in Melbourne, Florida (Brevard County). Public remarks describe the site as having three street/road access points, which can support flexible site circulation for deliveries, customer parking, or operational needs.

    Currently listed as C-2 zoning, the site is positioned for a wide range of retail and commercial uses compatible with that district. With extensive perimeter fencing and multiple gated access points, it may fit businesses that require controlled grounds and practical vehicle staging. If an operator does not need the entire building, the listing notes the possibility of splitting the building for separate occupancy. Prospective tenants and buyers should confirm zoning requirements and any unit-splitting approach with the appropriate local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sea Quest (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Let's Plant It! — 724 E New Haven Ave, Melbourne, FL 32901
    • Blossom House — 1003 E New Haven Ave, Melbourne, FL 32901
    • Broom's Florist — 2542 S Harbor City Blvd, Melbourne, FL 32901
    • Fleur des Champs — 820 E New Haven Ave #4, Melbourne, FL 32901
    • Julie Miner Events — 905 E New Haven Ave #202, Melbourne, FL 32901

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.598082
    Latitude
    28.065943

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    FAQs

    What type of property is this?
    Storefront property - Freestanding retail parcel on a fully fenced lot with multiple gated accesses and covered front entrances.
    Where is this storefront property located?
    The property is located at 2815 S Harbor City Boulevard Melbourne, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 1.05‑acre parcel with 98% fully fenced lot and four access gates; Currently C‑2 zoning; freestanding pylon sign with high visibility; Large covered awning over both front entrances
    (321) 720-7653
    We can help!
    Listing Contact
    Steven A Scheller
    Steven A Scheller
    Real Estate License ID: 657900
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    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.

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