Multi-Unit Office Building with
47 W New Haven Avenue Melbourne Melbourne, FL 32901
47 W New Haven Avenue Melbourne, Melbourne, FL, 32901
$799,000
For Sale
$799,000
Two-story office building with individually metered units, two restrooms per floor, and 15 illuminated parking spaces.
Property Size3,294 SF
Price / SF$242.56
Days on Market12
Property Features for 47 W New Haven Avenue Melbourne
General Information
- Standard status
- Active
- Size
- 3,294 SF
Building Details
- Year Built
- 1985
Listing agency
(321) 800-4656
Listed by
Gerald Renick
(321) 800-4656
Source
Curriproperties
Added: Jul 10 Updated: Jul 20 at 11:34PM Checked: Jul 21 at 3:22AM
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 Gerald Renick
Investment Insights
Based on property information with market context.
This multi-unit, two-story office building totals 3,294 SF and is divided into 1,539 SF on the first floor and 1,755 SF on the second floor. Each level includes a reception area, multiple offices, conference space, and restrooms, along with storage/mechanical rooms on the first floor and a break room on the second floor. The interior features a drop ceiling with a mix of vinyl tile and carpet, and both floors have lots of windows.
The building has one water meter and electrical service that is individually metered for each unit. Ample parking is available with 15 paved, striped, illuminated spaces. The property is located directly on New Haven Avenue, with a per FDOT traffic count of 44,500 VPD, providing convenient access between Interstate 95, US1, and the beaches.
The surrounding area includes proximity to Downtown Melbourne, Melbourne International Airport, Melbourne Square Mall, and Holmes Regional Medical Center, with additional shopping, dining, schools, and childcare nearby.
The building has one water meter and electrical service that is individually metered for each unit. Ample parking is available with 15 paved, striped, illuminated spaces. The property is located directly on New Haven Avenue, with a per FDOT traffic count of 44,500 VPD, providing convenient access between Interstate 95, US1, and the beaches.
The surrounding area includes proximity to Downtown Melbourne, Melbourne International Airport, Melbourne Square Mall, and Holmes Regional Medical Center, with additional shopping, dining, schools, and childcare nearby.
Key Highlights
- 2‑story multi‑unit office building with 3,294 SF total building area on a 0.19‑acre corner lot
- 1st floor offers 1,539 SF with reception, 3 offices, conference room, 2 storage/mechanical rooms, and 2 restrooms
- 2nd floor offers 1,755 SF with reception, 5 offices, large conference room, break room, and 2 restrooms
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 | $71.2k | $21.60 |
| − Vacancy | −$11.4k | −$3.46 |
| EGI | $59.8k | $18.14 |
| − OpEx | −$14.9k | −$4.54 |
| NOI | $44.8k | $13.61 |
3,294 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$640.4K
$560.3K – $747.1K
NOI $44,825 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$869.1K
$760.4K – $1.01M
NOI $60,834 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Orthotic Prosthetic Center ...
Orthotics & Prosthetics Service
Lionsgate Lending Group, ...
Loan Service
Bednar Porta Potty ...
Building Supply
Fontaine Property Group
Real Estate Agency
Deighan Financial Advisors
Financial Advisor
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FAQs
What type of property is this?
Office building - Two-story office building with individually metered units, two restrooms per floor, and 15 illuminated parking spaces.
Where is this office building located?
The property is located at 47 W New Haven Avenue Melbourne Melbourne, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2‑story multi‑unit office building with 3,294 SF total building area on a 0.19‑acre corner lot; 1st floor offers 1,539 SF with reception, 3 offices, conference room, 2 storage/mechanical rooms, and 2 restrooms; 2nd floor offers 1,755 SF with reception, 5 offices, large conference room, break room, and 2 restrooms
