604 E New Haven Avenue Melbourne, FL 32901
Mixed-use property in Downtown Melbourne with owner financing available.
Property Features for 604 E New Haven Avenue
General Information
- Standard status
- Active
- Size
- 4,160 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1954
Listing office Engel & Völkers New Smyrna Beach
Listing date Sep 8, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Priced $245k below market value and lowest price per sq. ft. in Downtown Melbourne.
- Seller financing available: 30% down, 5‑year balloon, 7% interest.
- Prime Downtown Melbourne location near shops, restaurants, bars, and events.
Local Financial Insights For Office B
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 | $89.9k | $21.60 |
| − Vacancy | −$14.4k | −$3.46 |
| EGI | $75.5k | $18.14 |
| − OpEx | −$18.9k | −$4.54 |
| NOI | $56.6k | $13.61 |