Retail Space with Glass
For Sale
$550,000
3830 S Highway A1a Unit 10, Melbourne Beach, FL 32951
Showroom layout includes a private office, two bathrooms, storage, and rear loading access.
Property Size1,965 SF
Price / SF$279.90
Days on Market97
Property Features for 3830 S Highway A1a Unit 10
General Information
Standard status
Active
Size
1,965 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Anchor Co-Tenants
Publix
Amenities
full tile flooring throughout
upgraded LED lighting
acoustic-style ceiling tiles
full glass frontage with hurricane shutters
private office
two bathrooms
storage/inventory room
double rear doors for convenient loading access
illuminated signage on highly traveled A1A
Building Details
Year Built
1999
Tenancy
Multi
Listing Agency:
One Sotheby's International
(321) 480-9703
Listed By:
Donna Ellis
(321) 480-9703
Source:
Onesothebysrealty
Added: May 26
Changed: Aug 30
Last Checked: Aug 30 at 5:22PM
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 One Sotheby's International
Investment Insights
Based on property information with market context.
This 1965-square-foot retail unit at Driftwood Plaza was built in 1999 and is configured for showroom use. Interior features include full tile flooring, upgraded LED lighting, acoustic ceiling tiles, a private office, two bathrooms, and a storage or inventory room. Full glass frontage is paired with hurricane shutters, while double rear doors provide loading access. The air-conditioning system was replaced in 2018.
The property is located at 3830 S Highway A1A, Unit 10, Melbourne Beach, within a shopping center anchored by Publix. Drive-around parking serves the center, and illuminated signage is positioned along A1A. The business has operated at this location since 2000. Showroom inventory may be purchased separately from the real estate.
The property is located at 3830 S Highway A1A, Unit 10, Melbourne Beach, within a shopping center anchored by Publix. Drive-around parking serves the center, and illuminated signage is positioned along A1A. The business has operated at this location since 2000. Showroom inventory may be purchased separately from the real estate.
Key Highlights
- 1965‑square‑foot retail unit at Driftwood Plaza
- Full glass frontage with hurricane shutters
- Showroom includes private office, 2 bathrooms, and storage/inventory room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,654
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$453,080
$453.1K
Cap Rate 7%
$323,629
$323.6K
Cap Rate 9%
$251,711
$251.7K
Market Conditions
NOI Build-Up for 1,965 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.4K $18.00/SF
− Vacancy
−$3.0K −$1.53/SF
EGI
$32.4K $16.47/SF
− OpEx
−$9.7K −$4.94/SF
NOI
$22.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$453,080
Cap Rate 7%
$323,629
Cap Rate 9%
$251,711
Alternative Uses
Best Use
Retail
$323.6K
$283.2K – $377.6K
NOI $22,654 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.4K
$453.6K – $604.8K
NOI $36,290 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 32951, FL
11,525
Population
7,720
Households
1.5
Avg Household Size
61
Median Age
52%
College-Educated
97%
High-School Grad
8.1 sq mi
ZIP Area
1,423
Density / Sq Mi
$88,859
Median Household Income
$53,281
Median Earnings
$1,690
Median Rent
$495,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Showroom layout includes a private office, two bathrooms, storage, and rear loading access.
Where is this retail space located?
The property is located at 3830 S Highway A1a Unit 10 Melbourne Beach, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1965‑square‑foot retail unit at Driftwood Plaza; Full glass frontage with hurricane shutters; Showroom includes private office, 2 bathrooms, and storage/inventory room
