Stand Alone Commercial
701 S Apollo Blvd Melbourne, FL
For Sale
Contact for pricing
7,200 SF commercial building with flexible zoning.
Property Size7,200 SF
Lot Size0.79 Acres
Price / SF$173.61
Days on Market314
Property Features for 701 S Apollo Blvd
General Information
Standard status
Active
Size
7,200 SF
Lot size
0.79 Acres
Property subtype
RETAIL
Listing Agency:
SLC Commercial Realty & Development
(772) 577-8970
Listed By:
Katie Parada
(772) 577-8970
Source:
Moodyscre
Added: Sep 19, 2025
Changed: Jul 6
Last Checked: Jul 29 at 5:50AM
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 SLC Commercial Realty & Development
Investment Insights
Based on property information with market context.
This is a 7,200 SF stand alone commercial building featuring CBS construction. It benefits from upgraded electrical and plumbing systems, along with 3-phase power. The property has flexible CP zoning, permitting multiple uses. The roof has been resealed, and the 6 RTUs were replaced in 2022. It includes prominent street front pylon signage, offering great visibility and accessibility.
Key Highlights
- Flexible CP zoning permitting multiple uses
- Great visibility & accessibility
- 7,200 SF stand alone commercial bldg.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.6k | $18.00 |
| − Vacancy | −$11.0k | −$1.53 |
| EGI | $118.6k | $16.47 |
| − OpEx | −$35.6k | −$4.94 |
| NOI | $83.0k | $11.53 |
7,200 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $83,009 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $132,970 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - 7,200 SF commercial building with flexible zoning.
Where is this storefront property located?
The property is located at 701 S Apollo Blvd Melbourne, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Flexible CP zoning permitting multiple uses; Great visibility & accessibility; **7,200 SF stand alone commercial bldg.**
