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1290 Highway A1A Satellite Beach, FL 32937

Office buildings Google Maps
11,000 SF 0.72 ac lot Built 1981
Individually Owned 13-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$2.05M
Range $1.85M – $2.26M (±10%)
Property ID US19-0878930

Property summary

AI-generated overview

This exceptional retail property, located at 1290 Highway A1A, presents a unique investment opportunity. The single-tenant building boasts 400 square feet of usable space, perfectly situated for a variety of businesses seeking high visibility and foot traffic. Its prime location directly across from the beach ensures consistent exposure to a large and diverse customer base. The property sits on a sizable 0.72-acre lot, offering ample space and potential for future expansion or outdoor amenities. The building's convenient location on Highway A1A guarantees excellent accessibility and high traffic volume. Utilities are simplified with included electric and water services. The property is ready for immediate occupancy, making it an ideal choice for businesses seeking a quick and seamless transition. The property's Assessed Parcel Number (APN) is 26-37-35-00-00753.2-0000.00. This is a rare chance to acquire a well-positioned retail space in a highly desirable beachfront location. The property's size and location make it an attractive option for a variety of retail uses, from small boutiques to service-oriented businesses. Don't miss this opportunity to establish your business in a thriving coastal community. The property is classified as both Retail and Land, offering flexibility and potential for various development scenarios.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1981
Construction WOOD
Total area 11,000 SF
Lot 0.72 ac (31,363 SF)
Zoning code C
APN 26-37-35-00-00753.2-0000.00
UPID US19-0878930

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.46M
Comparable Approach Comparable
$1.99M
Blend (final) Blend
$2.05M

Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
2006
$900,000
1969
Price N/A

Zoning & alternative use

C · Satellite Beach, FL
Zoning description

The provisions of the C district are intended to establish and maintain areas for the development of commercial facilities providing a wide range of goods and services, including mixed commercial and residential use on t…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $3.4M +41.6%
Auto repair, garage $2.5M +2.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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