1406 Highland Ave Melbourne, FL 32935
Property profile & analytics
1406 Highland Ave, Melbourne, FL 32935
- Strip malls
- 5,373 SF
- 0.20 lot acres
Property ID
US18-0466957
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 1406 Highland Ave
- Year built
- 1951
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.20 lot acres
- Zone code
- C3
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 27-37-16-25-00023.0-0009.01
- APU
- 9223372036854775807
Description
This exceptional 1,850 square foot retail space is ideally situated in the vibrant heart of EGAD, boasting a prime location amongst numerous restaurants, shops, and a bustling park area that hosts frequent events. The single-tenant property sits on a 0.2-acre lot (APN: 27-37-16-25-00023.0-0009.01) and offers a versatile layout perfect for a variety of uses. The space features a large, open storefront with ample windows providing excellent natural light and visibility. Inside, you'll find a couple of smaller private offices, a convenient kitchen/breakroom, and another spacious open area in the rear. A significant advantage is the private rear parking area accessible through a dedicated rear entrance, offering both convenience and exclusivity. This property presents a fantastic opportunity for a small restaurant, retail store, or office space seeking high visibility and a thriving location within a dynamic community. The property's versatile design and prime location make it an exceptional investment opportunity. The combination of high foot traffic, proximity to amenities, and the unique features of the space make this a truly remarkable offering.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,150,000
- ML approach
- $1,265,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,195,000
- 6.5%
- $1,100,000
- 7%
- $1,020,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $735,000 Current use
- COMMERCIAL (GENERAL)
- $1,665,000 Change: +126% Conversion: Easy
- OFFICE BUILDING
- $1,490,000 Change: +103% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,200,000 Change: +63% Conversion: Difficult
- MEDICAL BUILDING
- $860,000 Change: +17% Conversion: Difficult
- RETAIL STORES
- $785,000 Change: +7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6271
- Latitude
- 28.1298
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,712
$84,940
$307,920
$392,860
-
$84,940
$307,920
$392,860
