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Melbourne Retail Space For Sale

760-780 W New Haven & 1933 Palm Melbourne, FL 32901

760-780 W New Haven & 1933 Palm, Melbourne, FL, 32901
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For Sale
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Retail space available for purchase in Melbourne, Florida.

Property Size4,673 SF
Price / SF$208.65
AddedAug 24, 2023
Days on Market1057
Last RefreshMay 12 at 11:34 pm

Property Features for 760-780 W New Haven & 1933 Palm

General Information

Standard status
Active
Size
4,673 SF
Property subtype
Retail

Listing office JM Real Estate, Inc.

Listing date Aug 24, 2023

Source Crexi

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, Inc.


Investment Insights

Based on property information with market context.

This commercial real estate offering features retail space available for sale. The property encompasses a total area of 4673 square feet and is located in Melbourne, Florida.

Key Highlights

  • No property information was provided to extract selling points.

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
4,673 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$769.6K
$673.4K – $897.9K (±1% cap)
NOI $53,875 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M (±1% cap)
NOI $86,301 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Acupuncture Storage Facility Carpet & Flooring Store Daycare Center (Bike/Boat/Book/etc) Store Pet Store & Service Restaurant

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

FAQs

What type of property is this?
Retail space - Retail space available for purchase in Melbourne, Florida.
Where is this retail space located?
The property is located at 760-780 W New Haven & 1933 Palm 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: No property information was provided to extract selling points.
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