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    The Largest CRE Database in the US with Over 1 Million Listings

    540 Montreal Avenue unit 204 Melbourne, FL 32935

    View on Map
    New
    For Lease
    $600 /Mo

    COMMERCIAL - Melbourne, FL

    Type:Office
    Property size:
    3,456 SF
    Lot size:
    0.09 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 7 at 6:06 pm

    Property Features for 540 Montreal Avenue unit 204

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    On Street, Parking Lot
    Security features
    Security
    Standard status
    Active
    APN
    27-37-16-25-00023.0-0012.01
    Size
    3,456 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    EAU GALLIE, VILLAGE PLAT OF LOTS 12,13 BLK 23 EXC E 83.71 FT & RD R/W
    Tax Annual Amount
    6534

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Multi Units
    Water source
    Public

    Building Details

    Year built
    1961
    Floors in Building
    2
    Flooring type
    Wood
    Building materials
    Block, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Lisa Jenell Allen

    Listing agent Lisa Jenell Allen

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

    Listing date Apr 7, 2026

    MLS# 1074039

    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.

    Overview

    Private Office in Arts District

    Located in the heart of the Eau Gallie Arts District in Melbourne, Florida, ArtHaus Co-Working offers a private office suite. Suite 204, situated on the second floor, provides a dedicated and lockable workspace suitable for a solo professional, creative individual, or small startup. The monthly rent of $600 encompasses high-speed Wi-Fi, electric, water, snacks, coffee, access to a business printer, basic office supplies, bi-weekly cleaning services, and 24/7 keyless access. Membership includes shared access to a fully equipped conference room with a presentation TV, two bathrooms, a member kitchen, and vibrant co-working common areas. The property is within walking distance of galleries, restaurants, shops, and Eau Gallie Arts District events. The lot size is 0.09 acres, and the property size is 3456 square feet. Flexible terms are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ArtHaus Co-Working by ... Coworking & Hybrid Office OOH 4 You! Community Center Intevations Engineer Aqua Home Care ... Home Health Care Service James Garris Marketing ... Marketing & Advertising

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.626906
    Latitude
    28.129239

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    FAQs

    What type of property is this?
    Coworking space - Lockable office suite in Melbourne's vibrant Eau Gallie Arts District.
    Where is this coworking space located?
    The property is located at 540 Montreal Avenue unit 204 Melbourne, FL.
    What is the lease rate?
    The lease rate is $600 /Mo.
    What are key features of this property?
    This property features: Dedicated, lockable private office suite in the Eau Gallie Arts District (EGAD).; All‑inclusive monthly rent of $600 covers utilities, Wi‑Fi, snacks, coffee, and more.; Enjoy 24/7 keyless access.
    (954) 817-5762
    We can help!
    Listing Contact
    Lisa Jenell Allen
    Learn More
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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.

    More about this property
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