Office Units with Seven
For Sale
$5,295,000
1000 Revolution Technologies Way, Melbourne, FL 32901
Configured business space includes shared reception, meeting space, staff amenities, and secure electronic entry.
Property Size17,000 SF
Days on Market11
Property Features for 1000 Revolution Technologies Way
General Information
Standard status
Active
Size
17,000 SF
Class
A
Total Parking Spaces
81
Property subtype
Multi Tenant Office
Space & Availability
Space Use
Office
Private Offices
7
Meeting Rooms
1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
CAM
$4.88 /USD/SF/YR
Sprinkler System
Yes
Amenities
Common Lobby
Magnetic Key Fob Access
Impact Windows/Doors
Break Room
Server Room
Building Details
Building Size
17,000 SF
Year Built
2013
Construction
concrete block
Properties For Sale
at 1000 Revolution Technologies Way Contact us- Size
- 8,268 SF
- Lease Type
- NNN
1st Floor
- Size
- 8,732 SF
- Lease Type
- NNN
2nd Floor
Listing Agency:
The Ullian Realty Corporation
(321) 729-9900
Listed By:
Michael Ullian
(321) 729-9900
Source:
Thebrokerlist
Added: Aug 16
Changed: Aug 25
Last Checked: Aug 26 at 5:24AM
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 The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
This office property at 1000 Revolution Technologies Way provides a common lobby, seven hard-wall offices, a conference room, break room, server room, and 40 cubes/workstations. The building was constructed in 2013 with concrete block construction, impact windows and doors, 2’ x 2’ acoustic ceiling tiles, and 100% fire sprinkler coverage. Magnetic key fob access supports controlled entry, while remaining FF&E is negotiable.
The property includes 81 concrete-paved, striped, and illuminated parking spaces. NASA Boulevard carries an estimated 18,600 VPD and directly connects Interstate 95 with US1. The site is within the Melbourne-Orlando International Airport community, which includes L3Harris, Northrop Grumman, and Thales, with Downtown Melbourne and Melbourne Square Mall nearby for shopping and dining.
The property includes 81 concrete-paved, striped, and illuminated parking spaces. NASA Boulevard carries an estimated 18,600 VPD and directly connects Interstate 95 with US1. The site is within the Melbourne-Orlando International Airport community, which includes L3Harris, Northrop Grumman, and Thales, with Downtown Melbourne and Melbourne Square Mall nearby for shopping and dining.
Key Highlights
- Seven hard‑wall offices plus common lobby and conference room
- 40 cubes/workstations with remaining FF&E negotiable
- 2013 concrete block construction with impact windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$231,336
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured business space includes shared reception, meeting space, staff amenities, and secure electronic entry.
Where is this office units 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: Seven hard‑wall offices plus common lobby and conference room; 40 cubes/workstations with remaining FF&E negotiable; 2013 concrete block construction with impact windows and doors
