Zoned C2 Retail
780 W New Haven, Melbourne, FL 32901
For Sale
$975,000
Three-property retail assemblage with ample parking, two occupied buildings, and a vacant lot on a high-traffic artery.
Property Size4,673 SF
Lot Size0.65 Acres
Price / SF$208.65
Days on Market106
Property Features for 780 W New Haven
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Additional Details
Business Included
Traffic Count
Building Details
Building Size
Listing Agency:
JM Real Estate
Listed By:
Shey Anderson · License #FL 3435883
(321) 749-8921
Source:
Commercialcafe
Added: Jul 27
Changed: Oct 26
Last Checked: Nov 8 at 2:39AM
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 JM Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3-property retail assemblage includes two buildings and one vacant lot, totaling 4,673 square feet across 0.65 acres. The buildings are currently 100% occupied, and the property offers ample parking. The assemblage is zoned C2.
Located along West New Haven Avenue (also known as 192), the site benefits from high traffic counts of 35,301 vehicles daily. C2 zoning allows office, retail, financial uses, restaurant uses, and more. Please note: this offering is by appointment only, and tenants should not be disturbed.
Located along West New Haven Avenue (also known as 192), the site benefits from high traffic counts of 35,301 vehicles daily. C2 zoning allows office, retail, financial uses, restaurant uses, and more. Please note: this offering is by appointment only, and tenants should not be disturbed.
Key Highlights
- 3‑property assemblage on West New Haven (aka 192) with high traffic counts of 35,301 vehicles daily
- 0.65‑acre total acreage with 4,673 SF total building square footage
- Zoned C2, allowing office, retail, financial, restaurant, and more
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,535
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,700
$1.4M
Cap Rate 7%
$964,786
$964.8K
Cap Rate 9%
$750,389
$750.4K
Market Conditions
NOI Build-Up for 4,673 SF
Gross rent
$103.7K $22.20/SF
− Vacancy
−$7.3K −$1.55/SF
EGI
$96.5K $20.65/SF
− OpEx
−$28.9K −$6.19/SF
NOI
$67.5K $14.45/SF
Area
Brevard County, FL
Vacancy
7.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,700
Cap Rate 7%
$964,786
Cap Rate 9%
$750,389
Alternative Uses
Best Use
Retail
$964.8K
$844.2K – $1.13M
NOI $67,535 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,385 @ 7.0% cap · market cap 9.78%
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
Lease Details
35,301 VPD
Traffic count
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
51k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 9%
Apparel 5%
Cumberland Farms
Shops & Services
21,696 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,383 visits/mo
0.4 miles
Rita's Italian Ice
Dining
4,329 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
3,772 visits/mo
0.0 miles
Eyeglass World
Shops & Services
2,876 visits/mo
0.3 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
$244,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Melbourne, FL
Properties on Market for Storefront properties in Melbourne
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- All City Florist — 2110 Dairy Rd, West Melbourne, FL 32904
- All City Florist, Inc. — 316 w new haven ave, melbourne, fl 32901
- Flagler Floral Melbourne — 221 W Hibiscus Blvd, Melbourne, FL 32901
Frequently Asked Questions
What type of property is this?
Storefront property - Three-property retail assemblage with ample parking, two occupied buildings, and a vacant lot on a high-traffic artery.
Where is this storefront property located?
The property is located at 780 W New Haven Melbourne, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3‑property assemblage on West New Haven (aka 192) with high traffic counts of 35,301 vehicles daily; 0.65‑acre total acreage with 4,673 SF total building square footage; Zoned C2, allowing office, retail, financial, restaurant, and more
