Class A Office Near
For Sale
$5,295,000
1000 Revolution Technologies Way, Melbourne, FL 32901
8,268 RSF Class A office space for lease.
Property Size17,000 SF
Price / SF$311.47
Days on Market148
Property Features for 1000 Revolution Technologies Way
General Information
Standard status
Active
Size
17,000 SF
Class
A
Property subtype
Office
Building Details
Building Size
17,000 SF
Year Built
2013
Listed By:
Michael S. Ullian, President, CCIM, SIOR · License #FL #BK447039
(321) 258-7556
Source:
Ullianrealty
Added: May 26
Changed: Oct 14
Last Checked: Oct 19 at 5:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael S. Ullian, President, CCIM, SIOR
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Investment Insights
Based on property information with market context.
This 8,268 RSF Class A office space is available for lease. The interior features a common lobby, seven hard-wall offices, two conference rooms, and a break room. Forty cubes/workstations are in place. The property is 100% fire sprinklered and includes magnetic key fob access. Ample parking is available, with a total of 81 concrete-paved, striped, and lighted parking spaces. The property is located within the Melbourne International Airport community, home to numerous Hi-Tech, R&D, and Engineering firms, including L3Harris, Northrop Grumman, and Thales. It is strategically positioned on Nasa Boulevard, a direct connector between Interstate 95 and US1. Downtown Melbourne and the Melbourne Square Mall are nearby, providing shopping and dining options.
Key Highlights
- Directly across from Melbourne International Airport
- Class A office space with 8,268 RSF
- Located within the Melbourne International Airport community among Hi‑Tech / R&D / Engineering firms (L3Harris, Northrop Grumman, Thales)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,336
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,626,720
$4.6M
Cap Rate 7%
$3,304,800
$3.3M
Cap Rate 9%
$2,570,400
$2.6M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$367.2K $21.60/SF
− Vacancy
−$58.8K −$3.46/SF
EGI
$308.4K $18.14/SF
− OpEx
−$77.1K −$4.54/SF
NOI
$231.3K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,626,720
Cap Rate 7%
$3,304,800
Cap Rate 9%
$2,570,400
Alternative Uses
Best Use
Office B
$3.30M
$2.89M – $3.86M
NOI $231,336 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.49M
$3.92M – $5.23M
NOI $313,956 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - 8,268 RSF Class A office space for lease.
Where is this office unit located?
The property is located at 1000 Revolution Technologies Way Melbourne, FL.
What is the asking price?
The asking price for this property is $5,295,000.
What are key features of this property?
This property features: Directly across from Melbourne International Airport; Class A office space with 8,268 RSF; Located within the Melbourne International Airport community among Hi‑Tech / R&D / Engineering firms (L3Harris, Northrop Grumman, Thales)
