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    51 Carolina St West Melbourne, FL 32904

    Sponsored
    For Lease
    $17 SF/Yr

    1425 sq ft Office, Retail Space Available

    Lot size:
    1,425 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    330
    This exceptional 1,425 square foot commercial space, located at 51 NW Carolina Street #103, presents a unique opportunity for a single tenant. Situated on a 0.52-acre lot (APN: 28-37-05-01-0000d.0-0011.00), this versatile property is zoned for both office and retail use. The interior boasts an open layout, ideal for customization to suit various business needs. Pre-existing features include a kitchen, a bathroom, a dedicated office, and an IT room. The space has a rich history, previously serving as a dance studio and a tattoo parlor, showcasing its adaptability. Currently offered under a modified gross lease at a rate of $17 per square foot, the lease terms stipulate that the landlord covers dumpster services only. All other utilities are the responsibility of the tenant. This property offers a blend of character and functionality, making it an attractive option for businesses seeking a well-located and adaptable space in a vibrant area. The property's flexible layout and existing infrastructure provide a solid foundation for a variety of commercial ventures. The convenient location and competitive lease terms make this an exceptional opportunity for a discerning business owner.

    Property Features for 51 Carolina St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,425 SF

    Unit(s) available at that property

    Space
    103
    Size
    1,425 SF
    Rate per SF
    $16

    HighLights

    • Office and retail space totaling 1,425 square feet.
    • Single‑tenant occupancy.
    • 0.52‑acre lot.
    • APN: 28‑37‑05‑01‑0000d.0‑0011.00
    • Modified gross lease at $17 per square foot; tenant pays all utilities except dumpster.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    West Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6396683
    Latitude
    28.0796026

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Retail property - 1425 sq ft Office, Retail Space Available
    Where is this retail property located?
    The property is located at 51 Carolina St West Melbourne, FL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Office and retail space totaling 1,425 square feet.; Single-tenant occupancy.; 0.52-acre lot.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    51 Carolina St West Melbourne, FL 32904
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