Commercial Land with Existing
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 Market281
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Property Features for 3172 Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
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
Septic Tank, Public Sewer
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: Oct 14
Last Checked: Oct 15 at 5:06PM
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 1.16-acre commercial land parcel includes a 1,024-square-foot, four-unit building constructed in 1951. The structure is block construction with carpeted flooring, electric heating and cooling, and four bathrooms. Public water serves the property.
Located at 3172 Highway 1 in Mims, the site is near RV parks and residential homes. The existing building is presented for possible commercial uses such as retail, office, or professional services; redevelopment concepts mentioned include a gas station or restaurant.
Located at 3172 Highway 1 in Mims, the site is near RV parks and residential homes. The existing building is presented for possible commercial uses such as retail, office, or professional services; redevelopment concepts mentioned include a gas station or restaurant.
Key Highlights
- 1.16‑acre commercial land parcel
- Existing 1,024‑square‑foot building with four units
- Built in 1951; block construction
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
—
—
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.
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Current Use
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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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?
Commercial land - An existing four-unit building offers on-site improvements for a range of commercial reuse concepts.
Where is this commercial land 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 commercial land parcel; Existing 1,024‑square‑foot building with four units; Built in 1951; block construction
