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Property profile & analytics
OFF-MARKET Estimated value $585,000
Strip malls

1220 New Hvn Ave West Melbourne, FL 32904-4000

13,841 SF 1.34 ac lot Built 1984
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US18-1832646
Property summary
AI-generated overview

This exceptional 11,770 square foot retail plaza presents a compelling investment opportunity in Brevard County. Built in 1984, the single-story building sits on a 1.34-acre lot (APN: 28-37-05-02-C-11) and is zoned C-NH, offering flexibility for a variety of retail uses. The property boasts a prominent corner location, ensuring high visibility and accessibility for potential tenants and customers. Currently, the plaza houses four suites, with one suite comprising 2,800 square feet currently available for lease. The existing tenants provide a diverse mix, enhancing the overall appeal and stability of the investment. The property features ample open space and allows for a variety of uses, making it an attractive option for both established businesses and new ventures. Monument signage is available, providing excellent branding opportunities for tenants. This well-maintained property offers a strong foundation for immediate income generation and long-term growth potential. The strategic location and versatile space make this a truly exceptional opportunity for investors seeking a high-return retail investment in a thriving market. The property's size and layout offer significant potential for expansion or redevelopment, further enhancing its investment value. This is a rare chance to acquire a well-positioned retail plaza with immediate income potential and significant upside.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1984
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,841 SF
Lot 1.34 ac (58,370 SF)
Zoning code C2
APN 28-37-05-02-0000C.0-0011.00
UPID US18-1832646
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$399k
Blend (final) Blend
$585k
Owner & transaction history
Jpk Management LLC · 5 yrs held
Jpk Management LLC
since 2020
4 recorded transactions
2021
Price N/A
2020
$600,000
2012
Price N/A
1969
Price N/A
Zoning & alternative use
C2 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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