780 W New Haven Ave, Melbourne, FL
Three properties zoned C2 with high visibility and traffic.
- Added:
- Sep 11, 2023
- Days on Market:
- 1012
- Last Refresh:
- May 20 at 8:36 pm
Property Features for 780 W New Haven Ave
General Information
- Standard status
- Active
- Size
- 4,673 SF
- Lot size
- 0.20 Acres
- Property subtype
- RETAIL
Listing agent Shey Anderson (321) 749-8921
Listing office JM Real Estate - Melbourne (321) 749-8921
Listing date Sep 11, 2023
Source Moodyscre
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HighLights
- High‑traffic location on West New Haven (192) with 35,301 vehicles daily.
- Zoned C2, allowing for a wide range of uses including office, retail, financial, and restaurant.
- Three‑property assemblage totaling 0.65 acres with 4,673 SF of building space.
- 100% occupied buildings providing immediate income.
- Ample parking available.
- Includes two buildings and one vacant lot.
Overview
Local 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 | $84.1k | $18.00 |
| − Vacancy | −$7.1k | −$1.53 |
| EGI | $77.0k | $16.47 |
| − OpEx | −$23.1k | −$4.94 |
| NOI | $53.9k | $11.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6341
- Latitude
- 28.079