Turn-Key Restaurant Near
For Sale
Contact for pricing
4530 New Haven Avenue, Melbourne, FL 32904
Restaurant ready to open near hotels and entertainment.
Property Size4,700 SF
Price / SF$361.70
Days on Market143
Property Features for 4530 New Haven Avenue
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Retail
Building Details
Year Built
1983
Listing Agency:
Keller Williams
Listed By:
Doug Shea · License #CA 00875427
Source:
Crexi
Added: Mar 17
Changed: Jul 6
Last Checked: Jul 23 at 4:24PM
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 Keller Williams
Investment Insights
Based on property information with market context.
This is a turn-key restaurant ready to open. It is the only sit-down style restaurant in the region and is surrounded by 6 hotels within a 4 block radius, including Hampton Inn, Comfort Inn, Extended Stay Select, and Holiday Inn Express. The property is located exactly 3 lots off of the I-95 Exit and is close to entertainment options such as Andretti Thrill Park and the Field of Dreams Space Coast, both within 5 miles. Universal Orlando Resort is a short 1 hour drive away, and Melbourne Beach is 6 miles from the location. The property size is 4700 square feet.
Key Highlights
- Turn‑key restaurant ready to open immediately.
- Only sit‑down restaurant in the region.
- Located near 6 hotels (Hampton Inn, Comfort Inn, Extended Stay Select, Holiday Inn Express, etc.)
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
$62,604
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
3.68%
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%
$1,252,080
$1.3M
Cap Rate 7%
$894,343
$894.3K
Cap Rate 9%
$695,600
$695.6K
Market Conditions
NOI Build-Up for 4,700 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
$90.2K $19.20/SF
− Vacancy
−$6.8K −$1.44/SF
EGI
$83.5K $17.76/SF
− OpEx
−$20.9K −$4.44/SF
NOI
$62.6K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,252,080
Cap Rate 7%
$894,343
Cap Rate 9%
$695,600
Alternative Uses
Best Use
Specialty Retail
$894.3K
$782.6K – $1.04M
NOI $62,604 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,800 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
241k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Superstores 32%
Dining 16%
Apparel 7%
Sam's Club
Superstores
78,113 visits/mo
0.5 miles
RaceTrac
Shops & Services
43,602 visits/mo
0.1 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
22,430 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
17,516 visits/mo
0.2 miles
Goodwill
Apparel
17,183 visits/mo
0.2 miles
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
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?
Conventional restaurant - Restaurant ready to open near hotels and entertainment.
Where is this conventional restaurant located?
The property is located at 4530 New Haven Avenue Melbourne, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Turn‑key restaurant ready to open immediately.; Only sit‑down restaurant in the region.; Located near 6 hotels (Hampton Inn, Comfort Inn, Extended Stay Select, Holiday Inn Express, etc.)
