Renovated Medical Office
New
For Sale
Contact for pricing
1250 S Harbor City Boulevard, Melbourne, FL 32901
Medical and office building with recent renovations, a newer roof, and separate electric metering.
Property Size12,555 SF
Price / SF$183.19
Days on Market6
Property Features for 1250 S Harbor City Boulevard
General Information
Standard status
Active
Size
12,555 SF
Property subtype
Office
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1926
Year Renovated
2021
Buildings
1
Building Size
12,000 SF
Listing Agency:
JM Real Estate
(321) 242-2882
Listed By:
Terry Winton
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 4:34AM
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 JM Real Estate
Investment Insights
Based on property information with market context.
This 12,555-square-foot medical office property was built in 1926 and renovated in 2021. The building includes two electric meters and one water meter, supporting separate utility tracking within the property. A replacement roof was completed in 2020, and its warranty remains in effect.
The property is located at 1250 S Harbor City Boulevard in Melbourne, Florida, near downtown and the airport. Its medical-office classification and updated improvements provide a defined commercial use profile in an established central location.
The property is located at 1250 S Harbor City Boulevard in Melbourne, Florida, near downtown and the airport. Its medical-office classification and updated improvements provide a defined commercial use profile in an established central location.
Key Highlights
- 12,555 SF medical office property
- Renovated in 2021
- Roof installed in 2020 with warranty still in place
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $271.2k | $21.60 |
| − Vacancy | −$43.4k | −$3.46 |
| EGI | $227.8k | $18.14 |
| − OpEx | −$56.9k | −$4.54 |
| NOI | $170.8k | $13.61 |
12,555 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.44M
$2.14M – $2.85M
NOI $170,848 @ 7.0% cap · market cap 7.43%
Second Best
Healthcare Medical
$2.26M
$1.98M – $2.63M
NOI $158,012 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,866 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,729
Businesses Nearby
Under-served
Demand for This Use
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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Similar Off Market Nearby
- Strubbe Todd DVM — Melbourne, FL 32904
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical and office building with recent renovations, a newer roof, and separate electric metering.
Where is this medical office space located?
The property is located at 1250 S Harbor City Boulevard Melbourne, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 12,555 SF medical office property; Renovated in 2021; Roof installed in 2020 with warranty still in place
