Two-Story Professional Office
For Sale
Contact for pricing
111 Scott Street, Melbourne, FL 32901
Two-story office building with a lobby, reception, 14 private offices, conference rooms, and multiple entrances.
Property Size4,948 SF
Price / SF$1.33
Days on Market106
Property Features for 111 Scott Street
General Information
Standard status
Active
Size
4,948 SF
Property subtype
Business
Zoning
C1A
Building Details
Year Built
1981
Stories
2
Listing Agency:
Arium Real Estate, LLC
(321) 209-0828
Listed By:
Alisabet Falu Valdes
(321) 341-3365
Source:
Lehmannflorida
Added: Jul 6
Changed: Oct 16
Last Checked: Oct 19 at 11:02AM
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 Arium Real Estate, LLC
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Investment Insights
Based on property information with market context.
This two-story professional office building totals 4,948 SF and is described as beautifully maintained. The functional layout includes a welcoming lobby and reception area, 14 private offices, two conference rooms, a kitchenette, and four restrooms. Additional features include ample storage and multiple entrances.
The property includes abundant parking and a covered carport. Recent improvements noted in the remarks include a 2019 roof, impact windows, LED lighting, updated flooring, fresh interior paint, and decorative wainscoting. Three HVAC systems were replaced in 2021.
Zoned C1A, the building is positioned for professional, medical, educational, or office uses, and is offered for sale and lease, with the lease terms described as negotiable on NN or NNN.
The property includes abundant parking and a covered carport. Recent improvements noted in the remarks include a 2019 roof, impact windows, LED lighting, updated flooring, fresh interior paint, and decorative wainscoting. Three HVAC systems were replaced in 2021.
Zoned C1A, the building is positioned for professional, medical, educational, or office uses, and is offered for sale and lease, with the lease terms described as negotiable on NN or NNN.
Key Highlights
- 4,948 SF, two‑story professional office building built in 1981
- Functional layout with lobby/reception, 14 private offices, 2 conference rooms, kitchenette, and ample storage
- 4 restrooms and multiple entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,332
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,640
$1.3M
Cap Rate 7%
$961,886
$961.9K
Cap Rate 9%
$748,133
$748.1K
Market Conditions
NOI Build-Up for 4,948 SF
Gross rent
$106.9K $21.60/SF
− Vacancy
−$17.1K −$3.46/SF
EGI
$89.8K $18.14/SF
− OpEx
−$22.4K −$4.54/SF
NOI
$67.3K $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%
$1,346,640
Cap Rate 7%
$961,886
Cap Rate 9%
$748,133
Alternative Uses
Best Use
Office B
$961.9K
$841.7K – $1.12M
NOI $67,332 @ 7.0% cap · market cap 1,020.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,380 @ 7.0% cap · market cap 1,385.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
624
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with a lobby, reception, 14 private offices, conference rooms, and multiple entrances.
Where is this office building located?
The property is located at 111 Scott Street Melbourne, FL.
What are key features of this property?
This property features: 4,948 SF, two‑story professional office building built in 1981; Functional layout with lobby/reception, 14 private offices, 2 conference rooms, kitchenette, and ample storage; 4 restrooms and multiple entrances
