1800 S Highway 1
About This Property
Highway 1 in Malabar, Florida. Parcel ID: 29-38-06-00-18 / Tax ID: 2953324
• Zoning - Town of Malabar GC - General Commercial is reserved specifically for
retail sales and services.
This property includes riparian rights to the river on the east side of US Highway 1.
• The property would be on septic and well - currently no access to water and
sewer. The closest point to access the city utilities for the Town of Malabar would
be north to Malabar Road.
• There is 150 feet of direct frontage on Highway US 1, with indirect river view from
this location. The traffic count at this point on Route 1 averages approximately
19,260 cars passing daily.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2020 | Sold | ||
| Sold | |||
| Jan 8, 2019 | Listed by Dreyer & Associates R.E. Grp. | $80,000 | |
| Listed by Dreyer & Associates R.E. Grp. | |||
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About Malabar
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Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 833515
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