BU-2 Mixed-Use
For Sale
$975,000
4970 Highway 1, Grant Valkaria, FL 32949
Five rooms and two private offices support combined living and business use.
Property Size2,060 SF
Price / SF$473.30
Days on Market231
Property Features for 4970 Highway 1
General Information
Standard status
Active
Size
2,060 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$5,653
Amenities
Ceiling Fan(s)
3
Tile, Vinyl, Stone
Parking.
Unassigned, Lot.
Other.
Building Details
Year Built
1973
Listing Agency:
RE/MAX Elite
(321) 423-4785
Listed By:
Michael Knuelle · License #3463743
(321) 423-4785
Source:
Xome
Added: Jan 12
Changed: Aug 30
Last Checked: Aug 30 at 7:50PM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
This BU-2-zoned mixed-use property combines a five-bedroom, three-bathroom residence with office functionality. The layout includes five rooms or offices, two private offices with separate entrances, and one office kitchenette. Two attached private efficiencies provide additional spaces that may be rented separately.
Major updates include a roof installed in 2024 and air conditioning installed in 2024. Tile and vinyl flooring are used throughout the property, providing a durable, low-maintenance interior finish. The site is located at 4970 Highway 1 in Grant-Valkaria, Florida, and the property was built in 1973.
Major updates include a roof installed in 2024 and air conditioning installed in 2024. Tile and vinyl flooring are used throughout the property, providing a durable, low-maintenance interior finish. The site is located at 4970 Highway 1 in Grant-Valkaria, Florida, and the property was built in 1973.
Key Highlights
- BU‑2 zoning supports residential and commercial use
- Five‑bedroom, three‑bathroom residence with office configuration
- Two private offices have separate entrances
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
$28,032
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
2.88%
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%
$560,640
$560.6K
Cap Rate 7%
$400,457
$400.5K
Cap Rate 9%
$311,467
$311.5K
Market Conditions
NOI Build-Up for 2,060 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
$44.5K $21.60/SF
− Vacancy
−$7.1K −$3.46/SF
EGI
$37.4K $18.14/SF
− OpEx
−$9.3K −$4.54/SF
NOI
$28.0K $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 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%
$560,640
Cap Rate 7%
$400,457
Cap Rate 9%
$311,467
Alternative Uses
Best Use
Office B
$400.5K
$350.4K – $467.2K
NOI $28,032 @ 7.0% cap · market cap 2.88%
Second Best
Mixed Use
$341.4K
$298.8K – $398.4K
NOI $23,901 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$543.5K
$475.6K – $634.1K
NOI $38,044 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
167
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five rooms and two private offices support combined living and business use.
Where is this mixed-use property located?
The property is located at 4970 Highway 1 Grant Valkaria, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: BU‑2 zoning supports residential and commercial use; Five‑bedroom, three‑bathroom residence with office configuration; Two private offices have separate entrances
