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 $3,111,237 CAD 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
WATERFRONT INVESTMENT Property. VERO BEACH/ MELBOURNE AREA, the most desired expanding market in FLORIDA!!! Substantial area to expand with existing DOCK. BOAT, RV STORAGE WITH STORAGE UNITS AND COMMERCIAL BUILDING. Established income from existing buildings with room for sizeable expansion. Don't miss out on this incredible opportunity. 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$187,746
|
$17.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$18,774
|
$1.78
|
| Effective Gross Income |
$168,972
|
$16.06
|
| Taxes |
$12,645
|
$1.20
|
| Operating Expenses |
$7,853
|
$0.75
|
| Total Expenses |
$20,497
|
$1.95
|
| Net Operating Income |
$148,475
|
$14.11
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $187,746 |
| Annual Per SF | $17.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $18,774 |
| Annual Per SF | $1.78 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $168,972 |
| Annual Per SF | $16.06 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,645 |
| Annual Per SF | $1.20 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,853 |
| Annual Per SF | $0.75 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,497 |
| Annual Per SF | $1.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $148,475 |
| Annual Per SF | $14.11 |
Property Facts
| Price | $3,111,237 CAD | Building Class | C |
| Price Per SF | $296 CAD | Lot Size | 2.39 AC |
| Sale Type | Investment or Owner User | Building Size | 10,520 SF |
| Cap Rate | 4.92% | No. Stories | 1 |
| Sale Conditions | Bulk/Portfolio Sale | Year Built | 2007 |
| Property Type | Specialty | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Self-Storage |
| Price | $3,111,237 CAD |
| Price Per SF | $296 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.92% |
| Sale Conditions | 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
1 of 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $987,681 CAD (2023) | |
| Land Assessment | $124,144 CAD (2023) | Annual Taxes | $12,645 CAD ($1.20 CAD/SF) |
| Improvements Assessment | $149,422 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$124,144 CAD (2023)
Improvements Assessment
$149,422 CAD (2023)
Total Assessment
$987,681 CAD (2023)
Annual Taxes
$12,645 CAD ($1.20 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | BU1 ,BU2 (General Retail, Warehousing & Wholesale) |
| BU1 ,BU2 (General Retail, Warehousing & Wholesale) |
-
Jeff Tomberg - Dart Realty
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4234-4240 Highway 1 - Grant-Valkaria Waterfront
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