Technical
Financial
Distress signals
Property profile

1904 Patrick Dr Indian Harbour Beach, FL 32937

OFF-MARKET
Grocery and convenience stores
Property ID
US18-0141963
3,029 SF 0.55 ac lot Built 1964
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3,029 square foot gas station and convenience store presents a compelling investment opportunity. Strategically located at a signalized intersection, this property benefits from a daily traffic count of 28,645 vehicles, ensuring high visibility and customer flow. Its prime location is adjacent to the prestigious Indian Harbour Marina & Yacht Club, further enhancing its appeal. The property boasts six canopy pumps and an open fuel supply, presenting a significant value-add potential. Surrounded by a robust mix of national retailers such as Publix, Walmart, Panera Bread, 7-Eleven, and Starbucks, this location benefits from established consumer traffic and brand recognition. The strong surrounding demographics are equally impressive, with an average household income of $96,000 and a population of 40,000 within a three-mile radius. Further bolstering the investment potential is a projected 7% population growth within the next five years. The property's adjacency to the newly developed Zon Beachside Residences, a 123-unit luxury independent living facility, provides a consistent and growing customer base. This 0.55-acre property offers a rare combination of high traffic, strong demographics, and established brand synergy, making it an ideal investment for discerning buyers seeking significant returns. The single-tenancy structure simplifies management and maximizes operational efficiency.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE (W/FUEL PUMP)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,029 SF
Lot 0.55 ac (23,958 SF)
Zoning code B1
APN 27-37-11-00-00272.0-0000.00
UPID US18-0141963

Cap rate & NOI

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

Location

1904 Patrick Dr Indian Harbour Beach, FL 32937-4417
Indian Harbour Beach metro Census 66400 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.04M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.11M

Owner & transaction history

since 2023
Last sale
$2.4M
4 recorded transactions
2023
$1.8M
2023
$2.4M
2019
$1.1M
2007
$595,000

Zoning & alternative use

B1 · Indian Harbour Beach, FL

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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