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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

Pad 5 St Johns Heritage Pkwy & Heritage Lk Blvd West Melbourne, FL 32904

71,874 SF 1.65 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.65-acre commercial land parcel presents a unique investment opportunity in West Melbourne, Florida. Located at the highly visible intersection of St. Johns Heritage Parkway and Heritage Lakes Boulevard (Pad 5), this Class A property boasts 71,874 square feet and is zoned for Gateway Interchange West Melbourne. The site benefits from its strategic position within the Heritage Lakes mixed-use development, a thriving community featuring a 150-unit single-family residential subdivision (currently 100% occupied) and a 374-unit multi-family apartment complex (currently leasing). This ensures a substantial and growing customer base for any retail establishment. The property is ideally suited for a bank, convenience store, or quick-service restaurant (QSR), with existing tenants including Dollar General, Starbucks, Taco Bell, and Wawa nearby, demonstrating strong market demand. The parcel offers excellent ingress and egress, facilitated by a soon-to-be-signalized intersection, ensuring convenient access for customers and employees. This fee-simple ownership opportunity provides immediate access to a vibrant and expanding market, making it an attractive investment for discerning buyers. The property's APN is 3027549. This prime location within a rapidly developing mixed-use community offers significant potential for long-term growth and profitability. The property is offered for sale by owner.

Property profile
Verified
Property type Retail properties & Spaces
Total area 71,874 SF
Lot 1.65 ac (71,874 SF)
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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