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Property profile & analytics
FOR SALE
Drive through restaurants

620 E New Haven Ave Melbourne, FL 32901

680 SF 0.28 ac lot Built 1962
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-0101878
Property summary
AI-generated overview

This exceptional 2,125 square foot executive office suite is located at 13570 Meadowgrass Drive in the desirable Colorado Springs Tri-Lakes submarket. Situated in a Class B, single-story building constructed in 2007, this space offers stunning Front Range views and ample on-site parking. The building totals 20,152 square feet and sits on a 0.24-acre lot. The property is zoned MX-M, allowing for a variety of commercial uses. This is a multi-tenant building with one suite currently available for lease. The convenient location provides easy access to I-25 and Voyager Parkway, placing tenants within close proximity to numerous restaurants and national retailers, including Bass Pro Shops and TopGolf. The suite itself is part of a high-end office condo development, offering a professional and prestigious address. This is a rare opportunity to secure a well-located, spacious, and attractive office space in a thriving area. The available space is 2,125 square feet, part of a larger 20,152 square foot building. Don't miss this chance to establish your business in this prime location.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 680 SF
Lot 0.28 ac (12,197 SF)
Zoning code C2
APN 28-37-04-02-00089.0-0009.00
UPID US18-0101878
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
Current use
Occupant on record · Public records
  • Rita's Italian Ice & Frozen Custard Grocery & Convenience Store Specialty Food Shop
  • Wallaby Windows Hardware & Home Improvement Interior Design
  • The Shop Melbourne Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Vigilant Re 320 LLC · 5 yrs held
Vigilant Re 320 LLC
since 2021
3 recorded transactions
2021
$793,000
2004
$340,000
2001
$165,000
Zoning & alternative use
C2 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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