701 New Haven Ave E, Melbourne

701 New Haven Ave E is a 8,857 sq ft Mixed use - store and office or store and residential or residential combination in Melbourne. It was built in 1964. 701 New Haven Ave E sits on 0.26 acres of land. In 2013 similar properties sold for between $316,372 and $1,531,552. We estimate the income value of 701 New Haven Ave E at $1,523,129. The assumptions we used to calculate this value are include in the spreadsheet linked below. Melbourne is in Brevard County, Florida.

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701 New Haven Ave E Property Summary

701 New Haven Ave E
203
Melbourne
FL 32901

Property Size:8,857 sq ft
Acreage:0.26
Year Built:1964
Property Class:B3
Lat, Long: 28.078, -80.609

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

701 New Haven Ave E, Melbourne, FL 32901
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Estimated Value: 701 New Haven Ave E

Market Data

In 2013 class A mixed use - store and office or store and residential or residential combination properties in Melbourne sold for $172.93 to 172.93 per sq ft with a median price per sq ft of $172.93. Class B properties sold for $35.72 to 172.92 per sq ft with a median of $35.71 and class C properties sold for $35.71 to 35.71 per sq ft with a median of $35.71.

Market Valuation

701 New Haven Ave E appears to be a B Class property. Suggested value: $316,283

HighMedianLow
Value1,531,552 316,283 316,372

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $1,523,129. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 701 New Haven Ave E. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Net lease values for maintenance, property tax, utilities and insurance shown below are calculated as a percentage of the full amount based on the vacancy percentage.

Amount
Monthly Rent10,112
Annual Rent per Sq Ft13.70
Gross Annual Rent121,341
Vacancies and Bad Debt7%
Vacancies and Bad Debt Amount8,737
Maintenance332
HOA, Utilities and CAM0
Property Taxes531
Insurance619
Management Fees4,504
NOI106,619
Cap Rate7
Estimated Value1,523,129
Edit Values and Estimate Cashflow Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $67,279. The bottom 10% of the population earn less than $24,030 per year. The top 10% earn more than $152,735 per year. The top 1% earn more than $513,532 per year. Most renters earn between $30,756 (20th percentile) and $53,772 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $880. Most renters earn between $2,563 and $4,481 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $615 (20th percentile) to $1,188 (80th percentile) range. The residential vacancy rate is 10%.

Links

  1. 701 New Haven Ave E, Melbourne, FL on Google Maps
  2. 701 New Haven Ave E Walkscore
  3. Melbourne, FL Property Values on Trulia
  4. Search for EPA and DEP Cleanup Sites

Documents

  1. 701 New Haven Ave E Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 1964 8,877.00 Mixed Use- Commercial Property Stucco Exterior, Painted Exterior, Masonry Concete Frame, Bu-Tg/Mmbrn Roof, Asph/Asb Shngl Roof, Wood Truss Roof, Bar Joist Rigid Roof, Car Port,

Owner Details

Companies near this Address

  1. Florida Real Estate Opportunity Fund, LLC (730 E Strawbridge Avenue Suite 200)
  2. Lawyers Real Estate, P.A. (730 E Strawbridge Avenue Suite 200)
  3. Attorneys Real Estate, P.A. (730 E Strawbridge Avenue Suite 200)
  4. Richard A. Whittington, P.A. (730 E Strawbridge Ave)
  5. Continental Shale Corporation (730 E Strawbridge Ave)
  6. Whittington Energy Co. (730 E Strawbridge Ave)
  7. Reel Widgets, L.L.C. (730 E Strawbridge Ave)
  8. Your Family Chiropractor, Co. (2100 Waverly Pl)
  9. A & B Mobile Notary L.L.C. (2010 Waverly Pl)
  10. Mother'S House, Inc. (2010 Waverly Pl)
  11. Brevard Intergroup, Inc. (720 E New Haven Ave)
  12. Brevard Geriatrics, LLC (720 E New Haven Ave)
  13. Brevard County Medical Directors Association, Inc. (720 E New Haven Ave)
  14. Reactive Networking Forensics, Inc. (720 E New Haven Avenue #10)
  15. Staley Realty, Inc. (720 Enew Haven Ave#4)
  16. Jhp Properties, LLC (720 E New Haven Ave)
  17. The Brevard County Medical Society, Inc. (720 East New Haven Ave)
  18. Elvatanza LLC (720 E New Haven Ave Ste-6)
  19. Alfred J. Theis, D.D.S., P.A. (640 East New Haven Ave)
  20. Boskind Development Inc (630 E New Haven Ave)
  21. Ronald R. Winn, C.P.A.,P.A. (2103 Grant Pl)
  22. Future Problem Solving Program International, Inc. (2015 Grant Pl)
  23. Great Lakes Logistics, "L.L.C." (2004 Grant Pl)
  24. Wny Logistics, "L.L.C." (2004 Grant Pl)
  25. Nye Logistics "L.L.C." (2004 Grant Pl)
  26. Lazy T'S, LLC (2004 Grant Pl)
  27. Tarpon Logistics Group, LLC (2004 Grant Pl)
  28. Express One, LLC (2004 Grant Pl)
  29. Univenture, Inc. (2004 Grant Pl)
  30. Manatee Management & Marketing, Inc. (2004 Grant Pl)
  31. 705 Mainstreet LLC (705 E New Haven Ave)
  32. E & D Mainstreet Corp (705 E New Haven Ave)
  33. Msp Management Corp (705 E New Haven Ave)
  34. John H. Potomski, Jr., D.O., P.A. (720 East New Haven Ave)
  35. Nine Oaks, Inc. (701 E New Haven Ave)
  36. A.S.C. Of Brevard, Inc. (719 E New Haven Ave)
  37. Downtown Melbourne Hospitality Association Inc (705 East New Haven Ave)
  38. A-Advanced Hearing Care, Inc. (720 E New Haven Ave #12)
  39. Nava Gallery Enterprise, LLC (701 E New Haven Ave)
  40. Digital Ink, LLC (720 E New Haven Ave)
  41. Grace Church Melbourne, Inc. (702 E New Have Ave)
  42. Snm, L.L.C. (730 E Strawbridge Ave)
  43. Barmor Alliance Condominium Association, Inc. (730 E Strawridge Ave)
  44. Attorneys Real Estate Brokerage, Inc. (730 East Strawbridge Ave)
  45. Lawyers Real Estate Brokerage, Inc. (730 E Strawbridge Ave Ste 200)
  46. Law Offices Of Tracy Hauck, P.A. (730 East Strawbridge Ave)
  47. Marc Alfant, D.D.S., M.M.Sc., P.A. (729 E Strawbridge Ave)
  48. Barmor Investments, Inc. (730 E Strawbridge Ave)
  49. Tom D. Waldron, P.A. (730 E Strawbridge Ave)
  50. Morgan & Barbary, P.A. (730 E Strawbridge Ave)
  51. Keep It Business Cards, Inc. (730 E Strawbridge Ave)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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