Retail Space with Display
For Sale
Contact for pricing
700 W Eau Gallie Boulevard, Melbourne, FL 32935
Interior updates include refreshed restrooms, modern flooring, and an updated kitchen area.
Property Size1,933 SF
Price / SF$1.24
Days on Market99
Property Features for 700 W Eau Gallie Boulevard
General Information
Standard status
Active
Size
1,933 SF
Property subtype
Business
Additional Details
Tenant in Place
Yes
Property Use
Office, Light Retail
Amenities
Newer AC
Newer Roof
Newer Gutters
New Kitchen area
New back pedestrian and loading door
Updated Bathrooms
freshly painted inside and out
Awesome reception area
New Modern Style Tile and Carpet Floors
Energy tinted windows
Roll Down Hurricane Shutters
2 HUGE windows for display
Building Details
Year Built
1962
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: Jul 24
Changed: Oct 29
Last Checked: Oct 29 at 2:46PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 1,933-square-foot retail space was built in 1962 and features two large display windows facing Eau Gallie Boulevard. Interior improvements include a reception area, updated bathrooms, a refreshed kitchen area, modern tile and carpet flooring, and fresh paint inside and out. The building also has a newer air-conditioning system, roof, and gutters, plus a rear pedestrian and loading door. Energy-tinted windows and roll-down hurricane shutters cover the windows and front entrance.
Signage is visible from both Eau Gallie Boulevard and US 1. The property is exposed to reported traffic of more than 35,000 vehicles per day.
Signage is visible from both Eau Gallie Boulevard and US 1. The property is exposed to reported traffic of more than 35,000 vehicles per day.
Key Highlights
- 1,933 square feet of retail space with two display windows facing Eau Gallie Boulevard
- Reported exposure to more than 35,000 vehicles per day
- Signage can be seen from Eau Gallie Boulevard and US 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,286
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,720
$445.7K
Cap Rate 7%
$318,371
$318.4K
Cap Rate 9%
$247,622
$247.6K
Market Conditions
NOI Build-Up for 1,933 SF
Gross rent
$34.8K $18.00/SF
− Vacancy
−$3.0K −$1.53/SF
EGI
$31.8K $16.47/SF
− OpEx
−$9.6K −$4.94/SF
NOI
$22.3K $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 Rate 5%
$445,720
Cap Rate 7%
$318,371
Cap Rate 9%
$247,622
Alternative Uses
Best Use
Retail
$318.4K
$278.6K – $371.4K
NOI $22,286 @ 7.0% cap · market cap 928.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.0K
$446.2K – $595.0K
NOI $35,699 @ 7.0% cap · market cap 1,487.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 34%
Home Improvements & Furnishings 9%
Starbucks
Dining
17,161 visits/mo
0.1 miles
Sunoco
Shops & Services
9,375 visits/mo
0.5 miles
Eau Gallie Ace Hardware
Home Improvements & Furnishings
2,790 visits/mo
0.1 miles
Storage King USA
Shops & Services
742 visits/mo
0.3 miles
Demographics for 32935, FL
41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Interior updates include refreshed restrooms, modern flooring, and an updated kitchen area.
Where is this retail space located?
The property is located at 700 W Eau Gallie Boulevard Melbourne, FL.
What are key features of this property?
This property features: 1,933 square feet of retail space with two display windows facing Eau Gallie Boulevard; Reported exposure to more than 35,000 vehicles per day; Signage can be seen from Eau Gallie Boulevard and US 1
