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Property profile & analytics
OFF-MARKET Estimated value $985,000
Strip malls

3300 New Hvn Ave Melbourne, FL 32904-3538

9,918 SF 0.83 ac lot Built 1978
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US18-5933168
Property summary
AI-generated overview

This exceptional 3,000 square foot commercial property in Melbourne, Florida, presents a unique investment opportunity. Located at 3300 W New Haven Avenue, zip code 32904, this single-tenant building sits on a 0.83-acre lot. The property features a versatile layout, previously used as a medical marijuana dispensary, which includes several private offices and a spacious open area. The adaptable design makes it suitable for a variety of businesses. The building is a single-story structure with excellent visibility and signage opportunities, including building signage and a prominent monument sign. This is a fantastic chance to establish a presence in a thriving Melbourne location. An additional 1,300 square feet of contiguous space is available for lease at the same rate, providing potential for expansion or synergy with a complementary business. The property's APN is 28-36-01-04-0000a.2-0000.00. This property is zoned for retail and office use. The location offers easy access to major roadways and ample parking. Don't miss this chance to acquire a well-situated commercial property with significant potential.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,918 SF
Lot 0.83 ac (36,155 SF)
Zoning code BU-1
APN 28-36-01-04-0000A.2-0000.00
UPID US18-5933168
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
$1.08M
Blend (final) Blend
$985k
Owner & transaction history
Kc Patel LLC · 9 yrs held
Kc Patel LLC
since 2017
7 recorded transactions
2019
Price N/A
2017
$975,000
2005
$430,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BU-1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.6M +16.9%
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