Historic Restaurant
For Sale
$1,100,000
5390 Highway 1, Grant Valkaria, FL 32949
COMMERCIAL - Grant-Valkaria, FL
Property Size4,202 SF
Lot Size0.57 Acres
Price / SF$261.78
Days on Market235
Property Features for 5390 Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Parking features
Off Street, Parking Lot, Assigned
Subdivision
Jorgensons Plat of Grant
Lot features
Corner Lot, Easement Access, Few Trees, Historic Area
Directions
Sits directly on U.S. S. Hwy 1 in Grant-Valkaria, FL (West Side of Highway).
Standard status
Active
APN
29-38-28-25-0000a.0-0017.01
Size
4,202 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
JORGENSONS PLAT OF GRANT LOT 17 BLK A
Tax Annual Amount
11089
Legal Description
JORGENSONS PLAT OF GRANT LOT 17 BLK A
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Private
Building Details
Year built
1901
Floors in Building
2
Flooring type
Tile, Wood
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Dale Sorensen Real Estate Inc.
(321) 723-9990
Listed By:
William Clark
(321) 320-6077
Added: Dec 16, 2025
Changed: Aug 4
Last Checked: Aug 8 at 3:06AM
MLS# 1064576
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 5390 Highway 1 in Grant-Valkaria, this 4,202-square-foot restaurant property occupies 0.57 acres and dates to 1901. The wood-sided building has tile and wood flooring, central heating and central air, a metal roof, three bathrooms, and off-street parking with a dedicated lot and assigned spaces. Natural gas is available, with private water and a septic tank serving the property.
The site has operated as a restaurant and includes multiple complementary businesses. Its longstanding community history includes former general store, post office, telegraph office, residence, and trading post uses. The property was restored during the 1990s and added to the National Register of Historic Places in 1999 under reference 99000711.
The site has operated as a restaurant and includes multiple complementary businesses. Its longstanding community history includes former general store, post office, telegraph office, residence, and trading post uses. The property was restored during the 1990s and added to the National Register of Historic Places in 1999 under reference 99000711.
Key Highlights
- 4,202‑square‑foot restaurant property on a 0.57‑acre site
- Built in 1901 with wood siding and a metal roof
- Added to the National Register of Historic Places in 1999; reference 99000711
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
$55,971
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
5.09%
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%
$1,119,420
$1.1M
Cap Rate 7%
$799,586
$799.6K
Cap Rate 9%
$621,900
$621.9K
Market Conditions
NOI Build-Up for 4,202 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
$80.7K $19.20/SF
− Vacancy
−$6.1K −$1.44/SF
EGI
$74.6K $17.76/SF
− OpEx
−$18.7K −$4.44/SF
NOI
$56.0K $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%
$1,119,420
Cap Rate 7%
$799,586
Cap Rate 9%
$621,900
Alternative Uses
Best Use
Specialty Retail
$799.6K
$699.6K – $932.9K
NOI $55,971 @ 7.0% cap · market cap 5.09%
Second Best
Retail
$692.1K
$605.6K – $807.4K
NOI $48,445 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.11M
$970.0K – $1.29M
NOI $77,603 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Home Improvements & Furnishings 11%
Shell
Shops & Services
4,306 visits/mo
0.1 miles
84 Lumber
Home Improvements & Furnishings
556 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 1901 wood-sided building with tile and wood floors, central HVAC, parking, and a 0.57-acre site.
Where is this conventional restaurant located?
The property is located at 5390 Highway 1 Grant Valkaria, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,202‑square‑foot restaurant property on a 0.57‑acre site; Built in 1901 with wood siding and a metal roof; Added to the National Register of Historic Places in 1999; reference 99000711
