Garden Center Property with
For Sale
Under Contract
$499,000
Melbourne, FL 32901, Melbourne, FL 32901
CommercialSale, Melbourne, FL
Property Size1,500 SF
Price / SF$332.67
Days on Market277
Property Features
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
, C-1
Zoning description
Commercial
Lot features
Half To One Acre Lot
Subdivision
Brevard east of IR
Standard status
Active Under Contract
Utilities
Cooling system
Central Air
Water source
Public
Amenities
newer roof
Terrazzo floors
great lighting
vaulted ceiling/wood trim
completely fenced
thick concrete pad
Building Details
Year built
1980
Floors in Building
1
Flooring type
Terrazzo
Building materials
Block, Concrete
Listing Agency:
Mac Evoy Real Estate Co
(772) 589-0400
Listed By:
Carolyn E Mac Evoy · License #3149016
(772) 925-4791
Added: Jan 7
Changed: Oct 8
Last Checked: Oct 11 at 7:06PM
MLS# 293855
Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,500-square-foot block building, constructed in 1980, has a large open front room and two offices. Interior details include terrazzo flooring, a vaulted ceiling, wood trim, and central air conditioning. The property also has a newer roof, public water, and a fenced layout with side and rear parking. A concrete pad and block wall enclosure are located behind the building.
The property fronts US Highway 1, also known as S Harbor City Blvd, and has a second access point from the alley at Irwin Street. It is zoned C-1 and lies within an Opportunity Zone.
The property fronts US Highway 1, also known as S Harbor City Blvd, and has a second access point from the alley at Irwin Street. It is zoned C-1 and lies within an Opportunity Zone.
Key Highlights
- 1,500‑square‑foot block building with a large open front room and two offices
- Located along US Highway 1 / S Harbor City Blvd
- Secondary access from the alley at Irwin Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,294
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,880
$345.9K
Cap Rate 7%
$247,057
$247.1K
Cap Rate 9%
$192,156
$192.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$24.7K $16.47/SF
− OpEx
−$7.4K −$4.94/SF
NOI
$17.3K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,880
Cap Rate 7%
$247,057
Cap Rate 9%
$192,156
Alternative Uses
Best Use
Retail
$247.1K
$216.2K – $288.2K
NOI $17,294 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
5,733 visits/mo
0.4 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
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ambassador Pest Management — melbourne, fl 32901
- Ant King of Brevard Inc — Melbourne, FL 32901
- Advantage Services Inc — melbourne, fl 32901
- FIT Botanical Gardens — Frueauff Bldg, 2900 S Babcock St, Melbourne, FL 32901
- Heritage Park Garden — Melbourne, FL 32901
Frequently Asked Questions
What type of property is this?
Nursery and garden center - The building has access from the highway and a rear alley.
Where is this nursery and garden center located?
The property is located at Melbourne, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,500‑square‑foot block building with a large open front room and two offices; Located along US Highway 1 / S Harbor City Blvd; Secondary access from the alley at Irwin Street
