Back to Search
Property profile & analytics
FOR LEASE
Office buildings
709 S Harbor City Blvd Melbourne, FL 32901
Entity Owned
~
Est. High Equity
Property ID
US18-3750026
For Lease
1 / 6
$17 SF/Yr
709 S Harbor City Blvd, Melbourne, FL 32901
View Listing →
Property summary
AI-generated overview
Marina Towers offers 71,989 square feet of prime office space in Melbourne, Florida. This multi-tenant building, constructed in 1994, boasts a desirable location at 709 S Harbor City Blvd, 32901, situated on US 1 with stunning Indian River Lagoon views. The property sits on a 1.95-acre lot and is zoned CC1. Flexible space options are available, ranging from a minimum of 3,158 contiguous square feet to a maximum of 13,972 contiguous square feet. Currently, there are 34,772 square feet of vacant space ready for immediate occupancy. The building is suitable for both executive and medical office uses, offering a variety of configurations to meet diverse business needs. Its convenient location and picturesque setting create a highly desirable and productive work environment. The property is located in the Melbourne submarket of Brevard County.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
82,987 SF
Lot
1.95 ac (84,942 SF)
Zoning code
CC1
APN
27-37-34-EP-0000A.0-0036.01
UPID
US18-3750026
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Chari Rigby - Raymond James Financial Advisor
-
Thompson Wealth Management of Raymond James Financial Advisor
-
CLEAR CHOICE HEALTH CARE Rehabilitation Center
-
Tisha Hill of Raymond James Financial Advisor
-
NSI NeuroSkeletal Imaging of Melbourne Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.74M
Blend (final)
Blend
$9.82M
Owner & transaction history
709 S Harbor Marina LLC
709 S Harbor Marina LLC
since 2025
7 recorded transactions
Zoning & alternative use
CC1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melbourne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melbourne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,495,000
Current use
RETAIL STORES
$14,235,000
Change: -2% · Conversion: Moderate
MEDICAL BUILDING
$13,280,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$9.82M
Range $8.84M – $10.80M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$139,679
Tax year 2023
Assessed value
$8,051,010
Assessed 2023
Previous assessed
$7,731,730
+4.1% YoY
Effective rate
1.73%
On assessed value
Assessed land
$1,062,140
Assessed improvement
$6,988,870
Land market value
$1,062,140
Improvement market value
$6,988,870
Total market value
$8,051,010
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
6
Units
11
Total area
82,987 SF
Lot
1.95 ac (84,942 SF)
Zoning code
CC1
APN
27-37-34-EP-0000A.0-0036.01
UPID
US18-3750026
Jurisdiction
BREVARD
Zoning & alternative use
CC1 · Melbourne, FL
Zoning CC1 · permitted uses
CC1 · Melbourne, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melbourne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.5M
RETAIL STORES
Est. value
$14.2M
MEDICAL BUILDING
Est. value
$13.3M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
6
Units
11
Lot
1.95 ac
Current owner
From public records · entity-resolved
709 S Harbor Marina LLC
Entity
Mailing address
500 E BROWARD BLVD STE #1130, FT LAUDERDALE, FL 33394-3022
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
$9,825,000
709 S Harbor Marina LLC
Gmr Melbourne LLC
Special Warranty Deed
—
Apr 7, 2016
$15,450,000
Gmr Melbourne LLC
Marina Towers LLC
Grant Deed
$32,097,400 · Cantor Com'l R/e Lndg
Aug 3, 2005
—
Marina Towers LLC
Healthsouth Real Prop Of Melbourn
Quit Claim Deed
related
—
—
—
Jim Rathmann Chevrolet INC
—
Deed Of Trust
related
$3,100,000 · Wachovia Bank NA
—
—
Marina Towers LLC
—
Deed Of Trust
related
$510,706 · Sunrise Bank
—
—
Jim Rathmann Chevrolet Cadilla
—
Deed Of Trust
related
$1,042,221 · Bank Of America
—
—
Marina Towers LLC
—
Deed Of Trust
related
$5,370,927 · Guggenheim Life & Annuity Co
—
—
Marina Towers LLC
—
Deed Of Trust
related
$1,000,000 · Rbc Centura Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
