Freestanding Restaurant with Liquor
For Sale
$1,750,000
4990 Stack Boulevard Melbourne, Melbourne, FL 32901
Freestanding restaurant building with full liquor licenses, 200+ seats, and ample parking on 1.17 acres.
Property Size5,057 SF
Lot Size1.17 Acres
Price / SF$346.05
Days on Market72
Property Features for 4990 Stack Boulevard Melbourne
General Information
Standard status
Active
Size
5,057 SF
Lot size
1.17 Acres
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$22,306
Amenities
200+ seats
Laminate,Tile
true
4
1
200
Fenced,Wood
Business with Lease, Building & Land
Cleared,Corner Lot
Public
1.17
false
Additional Parking,Parking Lot
City Street,State Road
5057
Building Details
Building Size
5,057 SF
Year Built
2004
Stories
1
Listing Agency:
Space Coast Realty Corp.
(407) 890-1354
Listed By:
Elizabeth "Suzette" Ray · License #379572
(407) 890-1354
Source:
Therealestatecollection
Added: Jun 13
Changed: Aug 23
Last Checked: Aug 23 at 5:46AM
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 Space Coast Realty Corp.
Investment Insights
Based on property information with market context.
Freestanding restaurant building offered for sale on a 1.17-acre lot. The property totals 5,057 square feet and features full liquor licenses, supporting on-premise service. Seating capacity is listed at 200+ seats, along with ample parking for guests.
The building is located in the city of Melbourne and faces Palm Bay Road traffic. The seller notes a nearby residential area and proximity to local tech employers.
This offering includes the restaurant building, with the business also noted as available for purchase in the remarks. Please call for additional details on the specific terms and inclusions.
The building is located in the city of Melbourne and faces Palm Bay Road traffic. The seller notes a nearby residential area and proximity to local tech employers.
This offering includes the restaurant building, with the business also noted as available for purchase in the remarks. Please call for additional details on the specific terms and inclusions.
Key Highlights
- Freestanding restaurant building on 1.17 acres
- Total building size: 5,057 SF
- Full liquor licenses included
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
$67,359
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
3.85%
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%
$1,347,180
$1.3M
Cap Rate 7%
$962,271
$962.3K
Cap Rate 9%
$748,433
$748.4K
Market Conditions
NOI Build-Up for 5,057 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
$97.1K $19.20/SF
− Vacancy
−$7.3K −$1.44/SF
EGI
$89.8K $17.76/SF
− OpEx
−$22.5K −$4.44/SF
NOI
$67.4K $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%
$1,347,180
Cap Rate 7%
$962,271
Cap Rate 9%
$748,433
Alternative Uses
Best Use
Specialty Retail
$962.3K
$842.0K – $1.12M
NOI $67,359 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,393 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
179k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 35%
Office Supplies 7%
Apparel 1%
McDonald's
Dining
32,246 visits/mo
0.5 miles
Chili's Grill & Bar
Dining
22,444 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
17,336 visits/mo
0.5 miles
Dollar Tree
Shops & Services
14,365 visits/mo
0.4 miles
Staples
Office Supplies
13,290 visits/mo
0.4 miles
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Young's Buffet — 4700 Babcock St NE #27, Palm Bay, FL 32905
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant building with full liquor licenses, 200+ seats, and ample parking on 1.17 acres.
Where is this conventional restaurant located?
The property is located at 4990 Stack Boulevard Melbourne Melbourne, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Freestanding restaurant building on 1.17 acres; Total building size: 5,057 SF; Full liquor licenses included
