Waterfront Mixed-Use
For Sale
Contact for pricing
3800 Highway 1, Grant Valkaria, FL 32949
A second-floor residence and a commercial ground floor create a live-work configuration beside the Indian River.
Property Size3,571 SF
Price / SF$3.89
Days on Market241
Property Features for 3800 Highway 1
General Information
Standard status
Active
Size
3,571 SF
Property subtype
Mixed Use
Additional Details
Mixed-Use Components
retail, residential
Liquor License
Yes
Amenities
bar/kitchen area
admin office
secure storage
expansive open-format space
fully renovted 3BR/2BA residence
west-facing deck
insulated A/C workshop
gated acreage for 100+ spots for boats,RVs,and trailers
Building Details
Year Built
1986
Buildings
2
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Mar 4
Changed: Oct 29
Last Checked: Oct 29 at 2:33PM
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 Compass Florida, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property at 3800 Highway 1 combines commercial space on the ground floor with a renovated 2,000-square-foot, 3-bedroom, 2-bath residence above. The lower level is approximately 3,000 square feet, with open-format space, a bar and kitchen area, an administrative office, and secure storage. Beer and wine sales are authorized, and an active DEP drinking water license is in place. The property also includes an insulated, air-conditioned workshop and a gated area with capacity for more than 100 boats, RVs, and trailers.
The residence overlooks the Indian River to the east and has a west-facing deck exceeding 600 square feet. Public boat ramps are just over 1 mile away. The property was previously associated with marine sales, a bait and tackle store, and a pub.
The residence overlooks the Indian River to the east and has a west-facing deck exceeding 600 square feet. Public boat ramps are just over 1 mile away. The property was previously associated with marine sales, a bait and tackle store, and a pub.
Key Highlights
- Second‑floor residence: 2,000 SF, 3BR/2BA, renovated
- Ground floor: approximately 3,000 SF with open space, bar/kitchen, office, and secure storage
- Beer and wine sales authorized; active DEP drinking water license
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,170
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,400
$823.4K
Cap Rate 7%
$588,143
$588.1K
Cap Rate 9%
$457,444
$457.4K
Market Conditions
NOI Build-Up for 3,571 SF
Gross rent
$64.3K $18.00/SF
− Vacancy
−$5.5K −$1.53/SF
EGI
$58.8K $16.47/SF
− OpEx
−$17.6K −$4.94/SF
NOI
$41.2K $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%
$823,400
Cap Rate 7%
$588,143
Cap Rate 9%
$457,444
Alternative Uses
Best Use
Office B
$694.2K
$607.4K – $809.9K
NOI $48,594 @ 7.0% cap · market cap 349.60%
Second Best
Mixed Use
$591.9K
$517.9K – $690.6K
NOI $41,433 @ 7.0% cap · market cap 298.08%
Theoretical Best
Office A
$942.1K
$824.4K – $1.10M
NOI $65,949 @ 7.0% cap · market cap 474.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 32949, FL
2,538
Population
1,216
Households
2.1
Avg Household Size
56
Median Age
32%
College-Educated
92%
High-School Grad
16.8 sq mi
ZIP Area
151
Density / Sq Mi
$126,146
Median Household Income
$53,173
Median Earnings
$497,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A second-floor residence and a commercial ground floor create a live-work configuration beside the Indian River.
Where is this mixed-use property located?
The property is located at 3800 Highway 1 Grant Valkaria, FL.
What are key features of this property?
This property features: Second‑floor residence: 2,000 SF, 3BR/2BA, renovated; Ground floor: approximately 3,000 SF with open space, bar/kitchen, office, and secure storage; Beer and wine sales authorized; active DEP drinking water license
