Building Details

Year Built 1953

Listing Agency: FLAG AGENCY INC. Show Phone

Listed By: Chad Conner · License #3142967 Show Phone

Source: Dennisrealty

Added: May 16 Changed: Oct 13 Last Checked: Oct 15 at 12:46AM

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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 FLAG AGENCY INC.

Investment Insights

Based on property information with market context.

This mixed-use property is located on approximately 1.38 acres at the corner of Ellis Lane and US-1 in Mims. It features BU-2 zoning and includes a finished office building with a covered entry, reception/common area, multiple private offices, an open workspace, a kitchen/break area, and a restroom. The site offers ample parking, open yard space, multiple detached structures, covered storage/display areas, and an LED monument sign. There is room for equipment, inventory, outdoor storage, or future expansion. The property has access from both Ellis Lane and US-1, providing exposure along a major corridor in North Brevard, with over 400' of unobstructed Highway 1 frontage. It is suitable for an owner-user, contractor, service business, showroom, equipment/building sales operation, specialty retail, or investor. The property is in close proximity to SpaceX, NASA, Blue Origin, ULA, and Interstate I-95. The office building has a size of 3128 square feet.

Key Highlights

• Prime location with excellent visibility on US‑1 and Ellis Lane, featuring over 400' of unobstructed Highway 1 frontage.
• BU‑2 Zoning allows for versatile use as an owner‑user property, contractor space, service business, showroom, or retail location.
• Finished office building includes a reception area, private offices, open workspace, kitchen/break area, and restroom.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,293

Cap Rate

6.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$725,860 $725.9K

Cap Rate 7%

$518,471 $518.5K

Cap Rate 9%

$403,256 $403.3K

Market Conditions

NOI Build-Up for 3,128 SF

Gross rent

$63.8K $20.40/SF

− Vacancy

−$5.7K −$1.84/SF

EGI

$58.1K $18.56/SF

− OpEx

−$21.8K −$6.96/SF

NOI

$36.3K $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%

$725,860

Cap Rate 7%

$518,471

Cap Rate 9%

$403,256

Alternative Uses

Best Use

Mixed Use

$518.5K

$453.7K – $604.9K (±1% cap)

NOI $36,293 @ 7.0% cap · market cap 6.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$825.3K

$722.1K – $962.8K (±1% cap)

NOI $57,768 @ 7.0% cap · market cap 9.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Discovery Buildings & Realty General Contractor Discovery Metal Buildings Construction Company Discovery Realty Real Estate Agency

Suggested Use

Top Pick Real Estate Agency Hair Salon Restaurant Spa & Massage Center HVAC Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

81

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Versatile property with office, storage, and highway frontage.

Where is this mixed-use property located?

The property is located at 3526 ELLIS LANE Mims, FL.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: Prime location with **excellent visibility on US‑1 and Ellis Lane**, featuring over 400' of unobstructed Highway 1 frontage.; BU‑2 Zoning allows for versatile use as an owner‑user property, contractor space, service business, showroom, or retail location.; Finished office building includes a reception area, private offices, open workspace, kitchen/break area, and restroom.