2021 Melbourne Court Melbourne, FL 32901
SINGLE_FAMILY - Melbourne, FL
Property Features for 2021 Melbourne Court
General Information
- Property type
- Residential
- Property subtype
- Retail
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- Parking features
- On Street
- Standard status
- Active
- APN
- 28-37-03-80-00025.0-0001.00
- Size
- 5,027 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PHILLIPS & CAMPBELLS RESUBD LOT 1 EX E 5 FT BLK 25
- Tax Annual Amount
- 8626
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1924
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Frame, Stucco
Listing agent Thomas V Donnelly License #3365774 (321) 431-3799
Listing office RE/MAX Alternative Realty 1900 S Harbor City Blvd. #100, Indialantic, FL (321) 777-4111
Listing date Jun 30, 2026
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The building is currently vacant and sits on a 0.09-acre lot. Zoning is commercial C-C3, and the future land use is Mixed-Use, providing for flexibility beyond a conventional restaurant concept.
For tenants or operators seeking a ready-to-use food and beverage environment, the combination of open floor area, bar build-out, and kitchen supports restaurant service with room for events and live performance given the on-site stage. For buyers, the existing improvements and C-C3 zoning may support a range of commercial uses consistent with the property’s zoning and mixed-use future land use designation, subject to applicable approvals.
Key Highlights
- Vacant downtown Melbourne landmark building—formerly the original Melbourne Post Office
- Commercial‑ready interior with huge bar area, commercial kitchen, and large open space
- Raised stage included for performers
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.5k | $19.20 |
| − Vacancy | −$7.2k | −$1.44 |
| EGI | $89.3k | $17.76 |
| − OpEx | −$22.3k | −$4.44 |
| NOI | $67.0k | $13.32 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Lumber Jack's Axe House & Sports Bar — 918 E New Haven Ave, Melbourne, FL 32901
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- Producers Bottle Club — 2225 S Harbor City Blvd, Melbourne, FL 32901
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