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Property profile & analytics
OFF-MARKET
Specialty properties

211 Nieman Ave Melbourne, FL 32901-1273

7,687 SF 1.49 ac lot Built 1962
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-2914773
Property summary
AI-generated overview

This exceptional 7,687 square foot retail property, located at 211 Nieman Avenue in Melbourne, Florida (zip code 32901), presents a unique investment opportunity. Situated on a spacious 1.49-acre lot (APN 27-37-28-75-00000.0-0154.00), this single-tenant building offers ample space for a variety of businesses. The property features a fully equipped kitchen, including a grease trap, various appliances, and a walk-in freezer, making it ideal for food-related ventures such as restaurants, bars, pubs, or catering services. A large wet bar is also included, perfect for serving drinks and entertaining. The building boasts nine toilets distributed across two men's and two women's restrooms. Additional features include a rear storage room with attic access, a freshly painted exterior, and a large parking lot with extra grass parking areas. This property's size and amenities make it a highly desirable location for a variety of commercial uses. The property is conveniently located in Melbourne, Florida, offering easy access to major roadways and a thriving local community. This is a rare opportunity to acquire a substantial retail space in a prime location. Contact us today to schedule a viewing.

Property profile
Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,687 SF
Lot 1.49 ac (64,904 SF)
Zoning code C1
APN 27-37-28-75-00000.0-0154.00
UPID US18-2914773
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hinrg Management USA INC · 1 yrs held
Hinrg Management USA INC
since 2025
1 recorded transaction
2025
$655,000
Zoning & alternative use
C1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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