100 4Th AveIndialantic, FL 32903

Property Details for 100 4Th Ave

Year built

2001

Construction

STEEL FRAME

Lot size

0.69 AC

Property size (Sq ft)

8,019 SF

Zone code

C

Property type

Retail space

APN

27-38-31-EO-00025.0-0012.00

APU

273831EO000250001200

Description

This 7,800 sq ft storefront in Indialantic, FL, is listed at $2,650,000 ($339/sq ft) with a 5.55% cap rate and a strong NOI of $147,172. Located on A1A, directly across from the Indialantic Ocean Beach Boardwalk, this property benefits from a recently exercised lease option with approximately 4.5 years remaining on the base term. The roof was replaced in 2019 and includes a 20-year transferable warranty. The property enjoys minimal landlord responsibilities, with the tenant covering most maintenance costs including structure, HVAC, parking lot, and insurance. Landlord responsibilities are limited to roof maintenance and property taxes. The surrounding area boasts strong demographics, with an average household income of $110,000 within a 5-mile radius encompassing a population of 87,822. Its strategic location near Publix, Starbucks, and the Indialantic Shopping Center, coupled with the economic growth driven by Kennedy Space Center, Cape Canaveral Air Station, SpaceX, Boeing, and Port Canaveral, makes this a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,239,797

  6.5%

  $2,990,582

  7%

  $2,776,969

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,173,244

  Geo Method

  $3,173,244

• Alternative Use

  Use

  Valuation

  Residential

  $2,522,668

  Hospitality

  $2,310,750

  Educational

  $1,922,517

  Medical

  $1,988,635

  Retail

  $2,990,582

Location Insight

City

Indialantic

County

Brevard

State

Florida

Latitude

28.0925

Longitude

-80.5675

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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