Remodeled Flex Warehouse
2015 Waverly Place Melbourne, Melbourne, FL 32901
New
Class-A flex property with separated showrooms, offices, and warehouse space plus a loading dock and dual street access.
Property size:
13,765 SFLot size:
0.77 AcresPrice / SF:
$254/SF- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 7 at 6:09 am
Property Features for 2015 Waverly Place Melbourne
General Information
- Standard status
- Active
- Size
- 13,765 SF
- Lot size
- 0.77 Acres
Building Details
- Year Built
- 1953
Listing office (407) 890-1354
Listing date Jul 7, 2026
Source Therealestatecollection
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 Anna Hunter
HighLights
- 13,765 SF commercial building on a 0.77‑acre lot (full city block) with two‑story layout
- Extensively remodeled in 2016 with new electrical systems and A/C units
- Hurricane‑impact windows and doors
- Warehouse areas with a convenient loading dock plus separated showrooms and office space
- Dual access from Waverly Place and Vernon Place; parking lot plus additional parking
- Public water; sprinklers in front; located on a city street with additional parking
Overview
This extensively remodeled commercial building (remodeled in 2016) provides a flexible mix of showroom, office, kitchen, and warehouse areas. The interior layout includes thoughtfully separated showroom and office space, supported by a fully equipped kitchen for day-to-day operations. Improvements include new electrical systems, A/C units, hurricane-impact windows and doors, and premium fixtures and finishes throughout, reflecting a maintained, turn-ready condition. A convenient loading dock supports deliveries and product movement to the warehouse portion of the building.
The property is positioned in the heart of Downtown Melbourne’s business district and occupies a 0.77-acre lot spanning a full city block. It offers dual access from Waverly Place and Vernon Place, which can help streamline site circulation for employees, customers, and deliveries. The site also provides abundant on-site parking, an important functional consideration in a dense downtown setting.
For buyers or operators seeking a single building that can support both customer-facing showroom activity and back-of-house warehousing, this configuration is practical. The combination of separated work zones, on-site office space, and loading capabilities may fit a range of flex and distribution uses, while the sale being real estate only provides direct ownership of the improvements and site.
The property is positioned in the heart of Downtown Melbourne’s business district and occupies a 0.77-acre lot spanning a full city block. It offers dual access from Waverly Place and Vernon Place, which can help streamline site circulation for employees, customers, and deliveries. The site also provides abundant on-site parking, an important functional consideration in a dense downtown setting.
For buyers or operators seeking a single building that can support both customer-facing showroom activity and back-of-house warehousing, this configuration is practical. The combination of separated work zones, on-site office space, and loading capabilities may fit a range of flex and distribution uses, while the sale being real estate only provides direct ownership of the improvements and site.
Local 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 | $297.3k | $21.60 |
| − Vacancy | −$47.6k | −$3.46 |
| EGI | $249.8k | $18.14 |
| − OpEx | −$62.4k | −$4.54 |
| NOI | $187.3k | $13.61 |
13,765 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.68M
$2.34M – $3.12M
NOI $187,314 @ 7.0% cap · market cap 5.35%
Second Best
Retail
$2.27M
$1.98M – $2.64M
NOI $158,697 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$3.63M
$3.18M – $4.24M
NOI $254,212 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
American Business Interiors
Furniture & Home Goods
Similar Places Nearby
- Soul Sushi 9 (Food Truck) — Melbourne, FL 32901
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6073155
- Latitude
- 28.0777875
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Class-A flex property with separated showrooms, offices, and warehouse space plus a loading dock and dual street access.
Where is this flex space located?
The property is located at 2015 Waverly Place Melbourne Melbourne, FL.
What is the asking price?
The asking price for this property is $3,499,900.
What are key features of this property?
This property features: 13,765 SF commercial building on a 0.77‑acre lot (full city block) with two‑story layout; Extensively remodeled in 2016 with new electrical systems and A/C units; Hurricane‑impact windows and doors
