4234-4240 Highway 1 - Grant-Valkaria Waterfront
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4234-4240 Highway 1 - Grant-Valkaria Waterfront
10,520 SF Specialty Building Offered at $2,195,000 at a 4.92% Cap Rate in Grant Valkaria, FL 32949
INVESTMENT HIGHLIGHTS
- Located just under 14 miles from Melbourne International Airport
- VPD traffic count of 15,236 on AL 55
- Median HH income $97,916 within a 1-mile radius
EXECUTIVE SUMMARY
HOTTEST EMERGING MARKET IN FLORIDA!!!!! REMARKABLE WATERFRONT INVESTMENT. VERO BEACH/ MELBOURNE AREA, the most DESIRED expanding market!!! ROOM FOR EXPANSION. GROWTH OPPORTUNITY with Expansion. Ideal for luxury car storage inside this 12-foot-tall, poured concrete building. Significant room for BOAT, RV STORAGE WITH ROOM TO EXPAND A SECOND FLOOR ABOVE STORAGE UNITS. ROOM TO BUILD 20,000 SQUARE FEET. Established income from existing buildings. Rare property NOT IN FLOOD ZONE ALONG THE COASTLINE. Sophisticated investors should jump at this chance to expand the existing footprint in this rapidly expanding market. call or text Jeff at Dart Realty, 561-441-7329 for more information or email piatty@yahoo.com.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$132,456
|
$12.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,245
|
$1.26
|
| Effective Gross Income |
$119,211
|
$11.33
|
| Taxes |
$8,921
|
$0.85
|
| Operating Expenses |
$5,540
|
$0.53
|
| Total Expenses |
$14,461
|
$1.37
|
| Net Operating Income |
$104,750
|
$9.96
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $132,456 |
| Annual Per SF | $12.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $13,245 |
| Annual Per SF | $1.26 |
| Effective Gross Income | |
|---|---|
| Annual | $119,211 |
| Annual Per SF | $11.33 |
| Taxes | |
|---|---|
| Annual | $8,921 |
| Annual Per SF | $0.85 |
| Operating Expenses | |
|---|---|
| Annual | $5,540 |
| Annual Per SF | $0.53 |
| Total Expenses | |
|---|---|
| Annual | $14,461 |
| Annual Per SF | $1.37 |
| Net Operating Income | |
|---|---|
| Annual | $104,750 |
| Annual Per SF | $9.96 |
PROPERTY FACTS
| Price | $2,195,000 | Building Class | C |
| Price Per SF | $208.65 | Lot Size | 2.39 AC |
| Sale Type | Investment or Owner User | Building Size | 10,520 SF |
| Cap Rate | 4.92% | No. Stories | 1 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 2007 |
| Property Type | Specialty | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Self-Storage |
| Price | $2,195,000 |
| Price Per SF | $208.65 |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.92% |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.39 AC |
| Building Size | 10,520 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Parking Ratio | 1.43/1,000 SF |
AMENITIES
- Air Conditioning
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $700,200 (2023) | |
| Land Assessment | $88,010 (2023) | Annual Taxes | $8,921 ($0.85/SF) |
| Improvements Assessment | $105,930 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$88,010 (2023)
Improvements Assessment
$105,930 (2023)
Total Assessment
$700,200 (2023)
Annual Taxes
$8,921 ($0.85/SF)
Tax Year
2024
ZONING
| Zoning Code | BU1 ,BU2 (General Retail, Warehousing & Wholesale) |
| BU1 ,BU2 (General Retail, Warehousing & Wholesale) |
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Dart Realty
4234-4240 Highway 1 - Grant-Valkaria Waterfront
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