Four-Unit Mixed-Use
For Sale
$399,000
3172 Highway 1, Mims, FL 32754
Commercial Sale, Mims, FL
Property Size1,024 SF
Lot Size1.16 Acres
Price / SF$389.65
Days on Market273
Property Features for 3172 Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2
Parking features
RV
Directions
Located on the NW Corner of the Intersection of US Highway 1 & Brockett Rd.
Subdivision
101 - Mims/Scottsmoor
Standard status
Active
APN
21-35-07-00-00011.0-0000.00
Size
1,024 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Year
2015
Tax Description
PART OF W 1/2 OF NE 1/4 AS DESC IN DB 331 PG 488 EXC ORB 3861 PG 1223 PAR 90
Tax Annual Amount
1558
Legal Description
PART OF W 1/2 OF NE 1/4 AS DESC IN DB 331 PG 488 EXC ORB 3861 PG 1223 PAR 90
Utilities
Sewer type
Public Sewer, Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Number of units
4
Flooring type
Carpet
Building materials
Block
Roof type
Wood
Listing Agency:
Crescent Moon R.E. & Inv. LLC
(321) 567-4905
Listed By:
Thomas D Miller · License #3132209
(321) 759-4216
Added: Jan 7
Changed: Sep 13
Last Checked: Oct 7 at 11:06AM
MLS# 1065733
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,024-square-foot building arranged as 4 units on 1.16 acres. The 1951 structure features block construction, carpeted areas, four bathrooms, electric heating and cooling, and a wood roof. Public water serves the property, and RV parking is included.
Located at 3172 Highway 1 in Mims, the property is near RV parks and residential homes. The existing layout has been described for varied commercial use, including retail, office, professional services, and a used car lot.
Located at 3172 Highway 1 in Mims, the property is near RV parks and residential homes. The existing layout has been described for varied commercial use, including retail, office, professional services, and a used car lot.
Key Highlights
- 1.16‑acre mixed‑use property at 3172 Highway 1, Mims, FL 32754
- 1,024‑square‑foot building arranged as 4 units
- 1951 construction with block exterior walls and wood roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,881
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,620
$237.6K
Cap Rate 7%
$169,729
$169.7K
Cap Rate 9%
$132,011
$132.0K
Market Conditions
NOI Build-Up for 1,024 SF
Gross rent
$20.9K $20.40/SF
− Vacancy
−$1.9K −$1.84/SF
EGI
$19.0K $18.56/SF
− OpEx
−$7.1K −$6.96/SF
NOI
$11.9K $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 Rate 5%
$237,620
Cap Rate 7%
$169,729
Cap Rate 9%
$132,011
Alternative Uses
Best Use
Mixed Use
$169.7K
$148.5K – $198.0K
NOI $11,881 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.2K
$236.4K – $315.2K
NOI $18,911 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Block-built commercial property with multiple interior rooms, electric systems, and RV parking.
Where is this mixed-use property located?
The property is located at 3172 Highway 1 Mims, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1.16‑acre mixed‑use property at 3172 Highway 1, Mims, FL 32754; 1,024‑square‑foot building arranged as 4 units; 1951 construction with block exterior walls and wood roof
