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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

653-665 University Blvd Melbourne, FL 32901

Built 1980
Property ID
Property summary
AI-generated overview

Exceptional investment opportunity in Melbourne, Florida, featuring two adjacent properties totaling 86,248.8 square feet. The 653 E. University Blvd. property currently operates as a successful convenience store and gas station. The adjacent 665 E. University Blvd. property, previously a beauty supply business and restaurant, is divisible into three retail units, offering flexible configuration options. Located less than a mile from Florida Institute of Technology, this property benefits from high visibility on a major thoroughfare with an estimated 10,000 vehicles daily. The C-1 Neighborhood Zoning allows for diverse uses including residential, restaurant, fast food, office, medical, retail, or church development. Built in 1980, this property presents a unique chance to capitalize on a prime location and flexible zoning. The asking price is $1,800,000. Buyer to verify traffic counts and zoning information.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1980
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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