$1,100,000
●
Land -
Off Market
2615 Highway 1
Mims, FL 32754
Studio
0 Bath
$1,221,658
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Mims is growing and the residents are lacking services in Mims.
This property is prime for development. Very close to I-95, 1 Block
off the Rails to Trails. 5 Minutes from the closest grocery store.
11 Minutes away from the closest car wash. A population of roughly
32,000 residents between Mims and N. Titusville with an average of
81% being home owners. This property is located across the street
from Mims Elementary. Recent development in the area includes
RaceTrac, Dollar General, Tractor Supply, Family Dollar, True
Value, North Brevard RV Sales & Service, Frisbee's, and more.
County water & Sewer may be available per utility maps. Please do
not disturb tenant in residential property next to Tractor Supply.
Unit Size
-
Days on Market
289 days
Land Size
7.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$528
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (Space Coast MLS #851575)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 28, 2025 | Relisted | $1,250,000 | |
| Relisted | |||
| Dec 11, 2024 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Price Decreased |
$1,250,000
↓ $300K
(19.4%) | |
| Price Decreased | |||
| Nov 1, 2024 | Price Decreased |
$1,550,000
↓ $50K
(3.1%) | |
| Price Decreased | |||
| May 17, 2024 | Listed | $1,600,000 | |
| Listed | |||
| | |||
|
BU2 Zoning with a 643 Unit Self Storage Facility site plan that has been approved by Brevard County as well as engineering, environmental assessment, and subsurface exploration. Mims is growing and the residents are lacking services. This property is prime for development. Very close to I-95, 1 Block off the Rails to Trails. 5 Minutes from the closest grocery store. 11 Minutes away from the closest car wash. A population of roughly 32,000 residents between Mims and N. Titusville with an average of 81% being home owners. This property is located across the street from Mims Elementary. Recent development in the area includes RaceTrac, Dollar General, Tractor Supply, O'Reillys, Family Dollar, True Value, North Brevard RV Sales & Service, Frisbee's, Fire Tire, Regions Bank, Loves, and more. County water should be available, septic will be needed. Adjacent parcels to the south are available to be purchased as well which could make this a 12 acre site.
| |||
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About Mims
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Listed by: Chad P Conner, Flag Agency Inc.
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 851575
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 4 months ago
Data Source: Space Coast MLS, MLS# 851575
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