Multi-Unit Commercial
3172 Highway 1 Unit 0 Mims, FL 32754
For Sale
$399,000
Four-unit commercial building with flexible use options for retail, office, professional, and automotive-oriented operations.
Property Size1,024 SF
Price / SF$389.65
Days on Market198
Property Features for 3172 Highway 1 Unit 0
General Information
- Standard status
- Active
- Size
- 1,024 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1951
Listing Agency:
Crescent Moon R.E. & Inv. LLC
(321) 759-4216
Listed By:
Thomas Miller · License #3132209
(321) 759-4216
Source:
Xome
Added: Jan 6
Changed: Jul 22
Last Checked: Jul 23 at 3:57AM
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 Crescent Moon R.E. & Inv. LLC
Investment Insights
Based on property information with market context.
This commercial property consists of a building with four units, currently described as supporting multiple different business types such as a used car lot, retail, office, and professional uses, with the owner also referencing a laundromat-style business concept. The property also offers a redevelopment path for alternative commercial uses, with examples cited including a gas station or restaurant.
The property is located at 3172 Highway 1 Unit 0 in Mims, Florida. Public remarks indicate that there are plenty of RV parks and residential homes located close by.
For buyers considering either continued tenancy within the existing four-unit setup or a redevelopment plan, the seller has stated that owner financing will not be considered.
The property is located at 3172 Highway 1 Unit 0 in Mims, Florida. Public remarks indicate that there are plenty of RV parks and residential homes located close by.
For buyers considering either continued tenancy within the existing four-unit setup or a redevelopment plan, the seller has stated that owner financing will not be considered.
Key Highlights
- Four‑unit commercial building with flexible use options for retail, office, professional, and automotive‑oriented operations
- Year built: 1951
- RV parking available
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.1k | $21.60 |
| − Vacancy | −$3.5k | −$3.46 |
| EGI | $18.6k | $18.14 |
| − OpEx | −$4.6k | −$4.54 |
| NOI | $13.9k | $13.61 |
1,024 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$199.1K
$174.2K – $232.3K
NOI $13,935 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$168.7K
$147.6K – $196.8K
NOI $11,806 @ 7.0% cap · market cap 2.96%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Four-unit commercial building with flexible use options for retail, office, professional, and automotive-oriented operations.
Where is this office units located?
The property is located at 3172 Highway 1 Unit 0 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: Four‑unit commercial building with flexible use options for retail, office, professional, and automotive‑oriented operations; Year built: 1951; RV parking available
