Mixed-Use Property with
3526 Ellis Lane, Mims, FL 32754
For Sale
New
$699,900
A finished office layout includes private rooms, shared workspace, a kitchen area, and covered entry.
Property Size3,128 SF
Lot Size1.38 Acres
Price / SF$223.75
Days on Market3
Property Features for 3526 Ellis Lane
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Corner Location
Highway Access
Road Access
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
covered entry
reception/common area
multiple private offices
open workspace
kitchen/break area
restroom
open yard space
covered storage/display areas
LED monument sign
Carpet,Laminate,Tile
true
1
Fenced
Building & Land
Cleared,Corner Lot
Well
1.38
false
Off Street,Parking Lot
County Road,Highway
3128
Building Details
Building Size
Year Built
Stories
Listing Agency:
FLAG AGENCY INC.
(321) 394-9626
Listed By:
Ira Murray
Source:
Murrayrealtyofbrevard
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 1:41AM
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.
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Investment Insights
Based on property information with market context.
Set on a 1.38-acre corner parcel, this mixed-use property includes a 3,128-square-foot finished office building. The interior has a reception and common area, several private offices, open work space, a kitchen and break area, and a restroom. A covered entry welcomes visitors. The site also has off-street parking, fenced open yard area, covered storage or display space, and detached structures that may convey. The building dates to 1953.
Access is available from Ellis Lane and US-1, with more than 400 feet of unobstructed frontage along US-1. The property is in Mims, near SpaceX, NASA, Blue Origin, ULA, and I-95.
Access is available from Ellis Lane and US-1, with more than 400 feet of unobstructed frontage along US-1. The property is in Mims, near SpaceX, NASA, Blue Origin, ULA, and I-95.
Key Highlights
- 3,128‑square‑foot office building on 1.38 acres
- More than 400 feet of unobstructed frontage on US‑1
- Corner parcel with access from Ellis Lane and US‑1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,566
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,320
$851.3K
Cap Rate 7%
$608,086
$608.1K
Cap Rate 9%
$472,956
$473.0K
Market Conditions
NOI Build-Up for 3,128 SF
Gross rent
$67.6K $21.60/SF
− Vacancy
−$10.8K −$3.46/SF
EGI
$56.8K $18.14/SF
− OpEx
−$14.2K −$4.54/SF
NOI
$42.6K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,320
Cap Rate 7%
$608,086
Cap Rate 9%
$472,956
Alternative Uses
Best Use
Office B
$608.1K
$532.1K – $709.4K
NOI $42,566 @ 7.0% cap · market cap 6.08%
Second Best
Mixed Use
$518.5K
$453.7K – $604.9K
NOI $36,293 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$825.3K
$722.1K – $962.8K
NOI $57,768 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
$260,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brevard County, FL
Properties on Market for Mixed-use properties in Brevard County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A finished office layout includes private rooms, shared workspace, a kitchen area, and covered entry.
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 $699,900.
What are key features of this property?
This property features: 3,128‑square‑foot office building on 1.38 acres; More than 400 feet of unobstructed frontage on US‑1; Corner parcel with access from Ellis Lane and US‑1
