4404 N Highway 1 N
About This Property
in that the subject property offers two access points from Highway 1, one existing
ingress/egress directly from the main road, and an additional entrance access point off
of Rocway Drive.
• This location also offers an almost unrestricted view of the Indian River and Marina.
• Allowed uses for the C-P zoning designation include (but are not limited to): Retail
stores, outlets and display rooms, personal service establishments (barber or beauty
shops), professional offices or studios, hotel/motel (may not contain more more than
25 units/acre), restaurants, recreational uses.
• City of Melbourne Water
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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 |
|---|---|---|---|
| Aug 27, 2020 | Sold | ||
| Sold | |||
| May 8, 2019 | Listed by Dreyer & Associates R.E. Grp. | $239,000 | |
| Listed by Dreyer & Associates R.E. Grp. | |||
Property Highlights
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Price/ft²
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About Brevard
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Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 844972
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