Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5805 Highway A1A Melbourne Beach, FL 32951

    Sponsored
    For Sale
    $2,350,000

    Prime .61-acre oceanfront land, duplex potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 26,572 square foot oceanfront property in Melbourne Beach, Florida, presents a unique investment opportunity. Located at 5805 Highway A1A, zip code 32951, this .61-acre parcel offers breathtaking ocean views and the potential for diverse development. Currently featuring a well-maintained duplex, the property allows for immediate income generation or demolition to make way for a new construction project. The quiet, pristine beach location provides a tranquil setting, ideal for a luxury residence or a rental property. The RU-24 zoning designation permits nightly rentals, opening up possibilities for short-term vacation rentals. This versatile property is situated in Brevard County and offers a rare combination of established infrastructure and exceptional oceanfront location. The deep lot ensures privacy and ample space for development. The asking price is $2,350,000. This is a truly remarkable opportunity to own a piece of paradise in Melbourne Beach. Don't miss this chance to acquire this highly desirable oceanfront land.

    Property Features for 5805 Highway A1A

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Laura Dowling Roy PA
    Laura Dowling Roy PA

    Learn more

    HighLights

    • Exceptional 26,572 SF oceanfront property in Melbourne Beach, FL.
    • Located at 5805 Highway A1A, 32951, on a .61‑acre lot.
    • Features a well‑maintained duplex providing immediate income potential.
    • RU‑24 zoning allows nightly rentals.
    • $2,350,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Pharmacy Accounting Firm Hotel & Motel Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.5077527
    Latitude
    27.9657213

    Nearby Comparable

    • $295,000

      Prime Melbourne Beach Gas Station

      Profitable Convenience Store & Gas Station
      0 A1A, Melbourne Beach, FL 32951
      View Details
    • $2,950,000

      Oceanfront Land: Melbourne Beach, FL

      Prime .83-acre beachfront lot, $2.95M
      5765 Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $2,290,000

      Oceanfront Land, Melbourne Beach

      Prime oceanfront lot, build your dream home.
      5835 Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $5,300,000
      6,896 SF

      5935 Highway A1A

      Motels • 6,896 SF
      5935 Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $4,500,000
      6,857 SF

      Oceanfront Property with Restaurant

      1.53 acres with nine units and turnkey restaurant.
      5935 S Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $4,500,000
      1.53 Acres

      Oceanfront Development Opportunity in Melbourne

      1.53-acre oceanfront commercial property ideal for various high-impact uses.
      5925 S Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $150,000

      Profitable Gas Station Business Opportunity

      Gas station business for sale with convenience store and lottery.
      A1A Hwy, Melbourne, FL 32951
      View Details
    • $375,000

      Melbourne Beach Commercial Land

      Half-acre lot, prime location, preserve views.
      000 Indian Mound Dr, Melbourne Beach, FL 32951
      View Details
    • $1,800,000

      Oceanfront Land: Melbourne Beach

      1.29-acre commercial/residential lot
      5660 Highway A1A, Melbourne Beach, FL 32951
      View Details
    • $915,000

      Oceanfront Melbourne Beach Land

      Prime 72,310 SF ocean view lot.
      6211 Windward Ln, Melbourne Beach, FL 32951
      View Details
    • $399,000

      Oceanfront Land in Melbourne Beach

      Prime Commercial/Residential Lot, $399,000
      6420 Highway A1A, Melbourne Beach, FL 32951
      View Details

    Nearby Similar for Sale

    • $4,500,000
      6,857 SF

      Oceanfront Property with Restaurant

      1.53 acres with nine units and turnkey restaurant.
      5935 S Highway A1A, Melbourne Beach, FL 32951
      View Details
    • Contact for pricing
      5,281 SF

      Melbourne Beach Shopping Center Space

      Established shopping center near the Atlantic Ocean in Melbourne Beach.
      3830 Hwy S, Melbourne Beach, FL
      View Details
    • $295,000

      Prime Melbourne Beach Gas Station

      Profitable Convenience Store & Gas Station
      0 A1A, Melbourne Beach, FL 32951
      View Details
    • $5,300,000
      6,896 SF

      5935 Highway A1A

      Motels • 6,896 SF
      5935 Highway A1A, Melbourne Beach, FL 32951
      View Details

    FAQs

    What type of property is this?
    Land - Prime .61-acre oceanfront land, duplex potential.
    Where is this land located?
    The property is located at 5805 Highway A1A Melbourne Beach, FL.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: Exceptional 26,572 SF oceanfront property in Melbourne Beach, FL.; Located at 5805 Highway A1A, 32951, on a .61-acre lot.; Features a well-maintained duplex providing immediate income potential.
    Request Owner's contact information
    5805 Highway A1A Melbourne Beach, FL 32951
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5805 Highway A1A
    Melbourne Beach, FL 32951
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5805 Highway A1A Melbourne Beach, FL 32951
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Laura Dowling Roy PA
    Laura Dowling Roy PA
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.