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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

51 Carolina St West Melbourne, FL 32904

Property ID
Property summary
AI-generated overview

This exceptional 1,425 square foot commercial space, located at 51 NW Carolina Street #103, presents a unique opportunity for a single tenant. Situated on a 0.52-acre lot (APN: 28-37-05-01-0000d.0-0011.00), this versatile property is zoned for both office and retail use. The interior boasts an open layout, ideal for customization to suit various business needs. Pre-existing features include a kitchen, a bathroom, a dedicated office, and an IT room. The space has a rich history, previously serving as a dance studio and a tattoo parlor, showcasing its adaptability. Currently offered under a modified gross lease at a rate of $17 per square foot, the lease terms stipulate that the landlord covers dumpster services only. All other utilities are the responsibility of the tenant. This property offers a blend of character and functionality, making it an attractive option for businesses seeking a well-located and adaptable space in a vibrant area. The property's flexible layout and existing infrastructure provide a solid foundation for a variety of commercial ventures. The convenient location and competitive lease terms make this an exceptional opportunity for a discerning business owner.

Property profile
Verified
Property type Retail properties & Spaces
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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