701 New Haven Ave E, Melbourne

Usage

Mixed use - store and office or store and residential or residential combination

Address:

701 New Haven Ave E
203
Melbourne
FL 32901

Property Size:467 sq ft
Acreage:0.26
Year Built:1964
Property Class:B3
Latitude:28.078
Longitude:-80.609

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Brevard County, Florida

Brevard County in located in the East Central Florida region. Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. The Kennedy Space Center is located in Brevard County and provides many jobs for the area as well as acts as a popular tourist destination. Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, and Cocoa Beach.

In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. Top public sector employers for Brevard County are Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc, United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation. ..more


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Links

  1. 701 New Haven Ave E, Melbourne, FL on Google Maps
  2. Melbourne, FL Property Values on Trulia
  3. Demographic Data for Zipcode 32901 from City-Data.com
  4. Melbourne Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 32901 Zipcode

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. Richard A. Whittington, P.A. (730 E Strawbridge Ave)
  2. Continental Shale Corporation (730 E Strawbridge Ave)
  3. Whittington Energy Co. (730 E Strawbridge Ave)
  4. Reel Widgets, L.L.C. (730 E Strawbridge Ave)
  5. Florida Real Estate Opportunity Fund, LLC (730 E Strawbridge Avenue Suite 200)
  6. Lawyers Real Estate, P.A. (730 E Strawbridge Avenue Suite 200)
  7. Attorneys Real Estate, P.A. (730 E Strawbridge Avenue Suite 200)
  8. Alfred J. Theis, D.D.S., P.A. (640 East New Haven Ave)
  9. Nava Gallery Enterprise, LLC (701 E New Haven Ave)
  10. Nine Oaks, Inc. (701 E New Haven Ave)
  11. Downtown Melbourne Hospitality Association Inc (705 East New Haven Ave)
  12. 705 Mainstreet LLC (705 E New Haven Ave)
  13. E & D Mainstreet Corp (705 E New Haven Ave)
  14. Msp Management Corp (705 E New Haven Ave)
  15. Law Offices Of Tracy Hauck, P.A. (730 East Strawbridge Ave)
  16. Attorneys Real Estate Brokerage, Inc. (730 East Strawbridge Ave)
  17. Barmor Alliance Condominium Association, Inc. (730 E Strawridge Ave)
  18. Snm, L.L.C. (730 E Strawbridge Ave)
  19. Lawyers Real Estate Brokerage, Inc. (730 E Strawbridge Ave Ste 200)
  20. Marc Alfant, D.D.S., M.M.Sc., P.A. (729 E Strawbridge Ave)
  21. Barmor Investments, Inc. (730 E Strawbridge Ave)
  22. Tom D. Waldron, P.A. (730 E Strawbridge Ave)
  23. Morgan & Barbary, P.A. (730 E Strawbridge Ave)
  24. Cloud Nine Salon LLC (707 East New Haven Ave)
  25. Future Problem Solving Program International, Inc. (2015 Grant Pl)
  26. Three Lions Soccer Training Academy, Inc. (2108 Grant Pl)
  27. Ronald R. Winn, C.P.A.,P.A. (2103 Grant Pl)
  28. Brevard Intergroup, Inc. (720 E New Haven Ave)
  29. Brevard County Medical Directors Association, Inc. (720 E New Haven Ave)
  30. A-Advanced Hearing Care, Inc. (720 E New Haven Ave #12)
  31. Jhp Properties, LLC (720 E New Haven Ave)
  32. Staley Realty, Inc. (720 Enew Haven Ave#4)
  33. Digital Ink, LLC (720 E New Haven Ave)
  34. A.S.C. Of Brevard, Inc. (719 E New Haven Ave)
  35. John H. Potomski, Jr., D.O., P.A. (720 East New Haven Ave)
  36. Reactive Networking Forensics, Inc. (720 E New Haven Avenue #10)

Brevard County Real Estate - Melbourne

The City of Melbourne is located on east central Florida's Space Coast. Melbourne is about an hour's drive south of the Kennedy Space center, and 1-1/2 hours due east of Disney World. The City is in the southern portion of Brevard County. Interstate-95 runs through the county from north-to-south. Access roads from the west include the Beach line Expressway (formerly the Beeline) and US. 192, which runs through Melbourne to the beaches.

While most of Melbourne is located on the Florida mainland, a small portion is located on a barrier island. The Indian River Lagoon separates the mainland from the island. The island is a narrow strip of land that separates the Lagoon from the Atlantic Ocean. Spanning the Indian River Lagoon to connect the mainland to the barrier island are a pair of four-lane, high-rise bridges -- the Melbourne Causeway and the Eau Gallie Causeway.

The City is approximately 41 square miles in size, with about 75% of that land in use. The City of Melbourne population was 78,427 as of April 1, 2010, according to the University of Florida Bureau of Economic and Business Research. The population of Melbourne continues to grow at a modest rate. Melbourne is located at the center of a much larger urban area, the Palm Bay-Melbourne-Titusville, Florida Metropolitan Statistical Area.

Melbourne International Airport serves Florida's Space and Treasure Coasts with domestic and international passenger and air freight service. Melbourne International Airport is served by carriers including Delta Airlines and US Airways. The Airport also provides services including charter passenger flights, private aviation, and air freight flights. International services include U.S. Customs, I.N.S., and U.S.D.A.

The city was named Melbourne in honor of its first postmaster, Cornthwaite John Hector, an Englishman who had spent much of his life in Melbourne, Australia.

Melbourne contains defense and technology companies with a high concentration of high-tech workers. The following corporations have operations in Melbourne:

Melbourne has two downtown business districts, a result of the merger of Eau Gallie into Melbourne:

  • Downtown Eau Gallie Arts District
  • Historic Downtown Melbourne. Among other retail outlets, this has 26 eating and drinking establishments within a four block extent.

Melbourne is in East Central Florida. It's population as recorded in the 2010 Census was 76,068.

The median age for residents of Melbourne is 43.3. Around 23.5% of Melbourne households include school aged children and 32.4% of households include individuals aged 65 years or over. Census records indicate 80.9% of the Melbourne population are White, 10.3% are Black or African American, .3% American Indian, 3.1% Asian and 3.1% are Two or more Races.

There are 38,955 housing units in Melbourne. 4,915 (12.6%) of these were reported as vacant in the 2010 Census. There are 15,728 residential rental units in Melbourne. 13,725 of them were occupied in 2010 providing a residential rental vacancy rate of 12.5%.

Melbourne links:

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%.

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: $16,677

HighMedianLow
Value80,754 16,677 16,681

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $73,129. 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 Rent533
Annual Rent per Sq Ft13.70
Gross Annual Rent6,398
Vacancies and Bad Debt7%
Vacancies and Bad Debt Amount461
Maintenance17
HOA, Utilities and CAM0
Property Taxes531
Insurance33
Management Fees237
NOI5,119
Cap Rate7
Estimated Value73,129
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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.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.