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    2602 Westhorpe Dr Malabar, FL 32950

    For Sale
    $109,000

    Build your dream commercial venture in desirable Malabar, FL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 70,567 square foot commercial lot is located in the tranquil Oak Mont Preserve community of Malabar, Florida, zip code 32950. Situated at 2602 Westhorpe Drive, Brevard County, this 1.62-acre parcel presents a unique opportunity for commercial development. The property is part of a serene HOA community known for its lush landscaping and meticulously maintained common areas. Its location offers a blend of natural beauty and modern convenience, providing a peaceful environment while remaining a short drive from the stunning beaches of Melbourne and Cocoa Beach. The expansive lot provides ample space for a variety of commercial projects, allowing for substantial building footprints and potential for additional landscaping or outdoor amenities. The asking price for this remarkable property is $109,000. This represents a compelling investment opportunity in a highly desirable Florida location. The property's coordinates are latitude 27.99715 and longitude -80.563616.

    Property Features for 2602 Westhorpe Dr

    General Information

    Property type
    Land

    HighLights

    • 1.62‑acre commercial lot (70,567 sq ft) in Malabar, FL (32950).
    • Located at 2602 Westhorpe Drive, Brevard County.
    • Part of the Oak Mont Preserve HOA, offering lush landscaping and maintained common areas.
    • Close proximity to Melbourne and Cocoa Beach.
    • $109,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Auto Repair Shop Gym & Fitness Department Store Kitchen & Bath Food Market Accounting Firm Garden Center Discount Store Electronics Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Malabar
    County
    Brevard
    State
    Florida
    Longitude
    -80.563616
    Latitude
    27.99715

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    FAQs

    What type of property is this?
    Land - Build your dream commercial venture in desirable Malabar, FL.
    Where is this land located?
    The property is located at 2602 Westhorpe Dr Malabar, FL.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: 1.62-acre commercial lot (70,567 sq ft) in Malabar, FL (32950).; Located at 2602 Westhorpe Drive, Brevard County.; Part of the Oak Mont Preserve HOA, offering lush landscaping and maintained common areas.
    Request Owner's contact information
    2602 Westhorpe Dr Malabar, FL 32950
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2602 Westhorpe Dr Malabar, FL 32950
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