Property profile

2051 Hbr City Blvd Melbourne, FL 32935

OFF-MARKET
Retail space
Property ID
US18-3252938
11,970 SF 1.09 ac lot Built 1979
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.09-acre commercial property, located at 2051 N. Harbor City Blvd in Melbourne, FL (32935), presents a unique investment opportunity. Boasting 17,020 square feet of space across two buildings, this property enjoys a prime corner location on US-1, benefiting from high visibility and accessibility with over 30,000 vehicles passing daily. Currently configured as a retail space and warehouse, the property features 11,642 square feet of retail area, a 4,640 square foot warehouse, and a 774 square foot mezzanine. The warehouse includes two 10'x10' overhead roll-up truck doors with truck wells. Ceiling heights range from 10 feet in the showroom to 20 feet in the warehouse, with eave/building heights of 12-20 feet. The property also includes a paved parking lot with 25 spaces. Recent improvements include a roof coating (2021) and six air conditioning units (three installed in 2023, three in 2013). The property is zoned C-1, allowing for a wide range of uses including general retail, restaurants, medical facilities, various housing types (single-unit, senior, student), bed and breakfasts, hotels/motels, offices, and research and development. The asking price is $2,200,000 ($129.26/sq ft). The property is currently 100% occupied, with the occupancy date expiring November 22, 2024. Built in 1979 and renovated in 1985, this property offers significant potential for a variety of commercial ventures. A current appraisal is available. The owner has operated the retail showroom and warehouse for over 50 years and the property will be cleared upon sale.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Construction FRAME
Total area 11,970 SF
Lot 1.09 ac (47,480 SF)
Zoning code C1
APN 27-37-16-25-00015.0-0001.00
UPID US18-3252938

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Home Decor Store Department Store

Location

2051 Hbr City Blvd Melbourne, FL 32935-6649
Melbourne metro Census 64202 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.88M
CAP Approach CAP
$2.13M
Comparable Approach Comparable
$1.69M
Blend (final) Blend
$1.90M

Owner & transaction history

since 2025
Last sale
$1.8M
2 recorded transactions
2025
$1.8M
2025
Price N/A

Zoning & alternative use

C1 · Melbourne, FL
Zoning description

The provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer need…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $2.7M +53.0%
Medical building $1.9M +9.6%

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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