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    1515 Elizabeth St Melbourne, FL 32901

    For Lease
    $17 SF/Yr ($6,091 /Mo)

    Office space featuring a clean room and lab area.

    Property size:
    4,300 SF
    Lot size:
    1.24 Acres

    Property Features for 1515 Elizabeth St

    General Information

    Size
    4,300 SF
    Lot size
    1.24 Acres

    Source: Lightle Beckner Robison, Inc. Agent Brian L. Lightle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Space with Lab Area

    This 4,300 square foot office space, formerly used as a compounding pharmacy, features an interior clean room and lab area. The layout includes a front area suitable for reception or storefront retail, multiple large open areas, and perimeter offices. The property also benefits from multiple entrance points, offering flexible access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quinn Aesthetics, LLC Eyelash Salon Complete Care Centers ... Orthopedic Clinic Florida Safety Council Driving School All Fire and Access Security System Installer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6239406
    Latitude
    28.0841862

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    FAQs

    What type of property is this?
    Office space - Office space featuring a clean room and lab area.
    Where is this office space located?
    The property is located at 1515 Elizabeth St Melbourne, FL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Formerly used as a compounding pharmacy, **suitable for similar businesses or conversion.**; - **Interior clean room and lab area, ideal for specialized operations.**; - Front area suitable for reception or storefront retail.
    (321) 863-3228
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    1515 Elizabeth St Melbourne, FL 32901
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    Melbourne, FL 32901
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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
    1515 Elizabeth St Melbourne, FL 32901
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