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    Updated Medical Office in Melbourne Title is generated by Realmo AI

    315 E Strawbridge Avenue, Melbourne, FL 32901

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    Claim this Listing
    For Lease
    $2,500/Mo $20 SF/Yr (calc)

    COMMERCIAL - Melbourne, FL

    Type:Office
    Property size:
    1,496 SF
    Lot size:
    0.17 Acres
    Added:
    May 30, 2025
    Days on Market:
    372
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 315 E Strawbridge Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    Guest, Parking Lot
    Fencing
    Fenced, Privacy
    Standard status
    Active
    APN
    28-37-03-33-00002.0-0002.00
    Size
    1,496 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    WELLS MAP NO 3 N 60 FT OF LOTS 2,3 ALL LOT 6 BLK 2 EX HWY R/W
    Tax Annual Amount
    4260

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile
    Building materials
    Block, Concrete
    Roof type
    Membrane

    We can help!

    Listing Contact
    Anthony M Romero
    Anthony M Romero

    Listing agent Anthony M Romero License #695178

    Listing office LIV Signature Real Estate, LLC 540 Montreal Ave, Melbourne, FL

    Listing date May 30, 2025

    MLS# 1047617

    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.

    HighLights

    • Prime downtown location on high‑traffic US‑192 with excellent visibility.
    • Updated, turnkey 1,492 SF medical office space with modern finishes.
    • Six dedicated parking spaces, including one ADA‑compliant space.
    • Versatile C‑1 zoning allows for a wide range of commercial uses.
    • Features a welcoming lobby, expansive reception area, three private offices, and remodeled restrooms.
    • Fenced, paver stone patio provides an ideal outdoor space.

    Overview

    This updated 1,492 square foot standalone building is located on high-traffic US-192 in the heart of Melbourne's thriving business district. The property features modern tile flooring, recessed lighting, and granite and marble surfaces throughout. The layout includes a welcoming lobby, an expansive reception area, three private offices, and remodeled restrooms. A fenced, paver stone patio provides an area for staff breaks or outdoor seating. The property has C-1 zoning, allowing for versatile commercial use. Additional features include six dedicated parking spaces, including one ADA-compliant space, and central A/C. The property benefits from excellent visibility with approximately 200 feet of highway frontage. The lot size is 0.17 acres. This turnkey space is ready for your practice or business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Florida Green MD Medical Clinic Liv Melbourne Wellness ... Spa & Massage Center MedAesthetics Spa & Massage Center Bella Mia Mobile ... Spa & Massage Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Strubbe Todd DVM — Melbourne, FL 32904

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.615035
    Latitude
    28.079207

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    FAQs

    What type of property is this?
    Medical Office Space - Updated medical office in a prime downtown location for rent.
    Where is this medical office space located?
    The property is located at 315 E Strawbridge Avenue Melbourne, FL.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Prime downtown location on high‑traffic US‑192 with excellent visibility.; Updated, turnkey 1,492 SF medical office space with modern finishes.; Six dedicated parking spaces, including one ADA‑compliant space.
    (321) 917-7450
    We can help!
    Listing Contact
    Anthony M Romero
    Anthony M Romero
    Real Estate License ID: 695178
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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