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
EXTRAORDINARY WATERFRONT INVESTMENT OPPORTUNITY. VERO BEACH/ MELBOURNE AREA, the most desired expanding market in FLORIDA!!! Ideal for luxury car storage inside this 12-foot-tall concrete poured building. Significant room for BOAT, RV STORAGE WITH ROOM TO EXPAND A SECOND FLOOR ABOVE STORAGE UNITS. Established income from existing buildings with room for sizeable expansion. Rare property NOT IN A FLOOD ZONE ALONG THE COAST. Sophisticated investors should jump at this chance to expand the existing footprint in this rapidly expanding market. call or text Jeff at 561-441-7329 for more information.
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 | $209 | 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 | $209 |
| 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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