Four-Unit Retail
For Sale
$399,000
3172 Highway 1 0, Mims, FL 32754
A four-unit commercial building offers multiple spaces for retail and office use.
Property Size1,024 SF
Price / SF$389.65
Days on Market293
Property Features for 3172 Highway 1 0
General Information
Standard status
Active
Size
1,024 SF
Property subtype
Business
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$1,557
Building Details
Building Size
1,024 SF
Year Built
1951
Buildings
1
Listing Agency:
Crescent Moon R.E. & Inv. LLC
Listed By:
Thomas D Miller · License #3132209
(321) 567-4905
Source:
Inthehomezonerealty
Added: Jan 7
Changed: Oct 26
Last Checked: Oct 26 at 2:20PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a retail building with four units and a total size of 1,024 square feet. Built in 1951, it is identified for retail, office, and professional business use. The existing building may also be retained as part of a redevelopment plan.
The site is in Mims, Florida, near RV parks and residential homes. Addressed on Highway 1, the property is positioned among nearby residential and recreational uses.
The site is in Mims, Florida, near RV parks and residential homes. Addressed on Highway 1, the property is positioned among nearby residential and recreational uses.
Key Highlights
- Four units within a 1,024‑square‑foot retail building
- Built in 1951
- Located near RV parks and residential homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,806
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,120
$236.1K
Cap Rate 7%
$168,657
$168.7K
Cap Rate 9%
$131,178
$131.2K
Market Conditions
NOI Build-Up for 1,024 SF
Gross rent
$18.4K $18.00/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$16.9K $16.47/SF
− OpEx
−$5.1K −$4.94/SF
NOI
$11.8K $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%
$236,120
Cap Rate 7%
$168,657
Cap Rate 9%
$131,178
Alternative Uses
Best Use
Retail
$168.7K
$147.6K – $196.8K
NOI $11,806 @ 7.0% cap · market cap 2.96%
Second Best
Industrial
$89.4K
$78.2K – $104.3K
NOI $6,258 @ 7.0% cap · market cap 1.57%
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
68
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
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 - A four-unit commercial building offers multiple spaces for retail and office use.
Where is this retail space located?
The property is located at 3172 Highway 1 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 units within a 1,024‑square‑foot retail building; Built in 1951; Located near RV parks and residential homes
